$600,000
5.06 Acres
Land
Erin Monahan, Listing Office: Pellego, Inc.
Is 92028, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92028 was a Seller's Market.
Key Takeaway
92028 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 92028, CA
How much do homes in 92028, CA cost?
Median Sold Price
$864,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,000(+1.6%)
Key Takeaway
Homes in 92028 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 92028 was $864,000 in October 2024, up 1.6% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $410K | +1.9% |
| 2 Bedrooms | $627.5K | $645K | +2.8% |
| 3 Bedrooms | $775K | $816.7K | +5.4% |
| 4 Bedrooms | $929K | $975K | +5.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +11.9% |
Summary: 92028 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in 92028, CA
How many homes are available in 92028, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 210 | 225 | +7.1% |
Summary: The 92028 real estate market had 225 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 84 | 97 | +15.5% |
| 4 Bedrooms | 74 | 71 | -4.1% |
| 5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The 92028 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 36 | -20.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92028, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 92028 in October 2024, down by 20.0% month-over-month. Of the 36 sold homes, 33% were sold under asking, 14% were sold at asking, and 53% were sold over asking.
Days on Market for 92028, CA
How long does it take to sell a home in 92028, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -7.0% |
Summary: Homes in 92028 had an average of 32 days on market in Oct 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92028 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in 92028; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.