$10,000 Closing Credit*
$1,100,000
1,872 SqFt
4 Beds
•2 Full Baths
Ixie Weber, Listing Office: Redfin Corporation
Is 92029, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 92029 has remained a Seller's Market.
Key Takeaway
92029 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92029, CA
How much do homes in 92029, CA cost?
Median Sold Price
$1,260,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$61,000(+5.1%)
Key Takeaway
Homes in 92029 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 92029 was $1,260,000 in November 2024, up 5.1% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $660.7K | - | N/A |
| 2 Bedrooms | $870K | $670K | -23.0% |
| 3 Bedrooms | $940K | $930K | -1.1% |
| 4 Bedrooms | $1.2M | $1.4M | +15.0% |
| 5+ Bedrooms | $1.4M | $1.7M | +15.1% |
Summary: 92029 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 15.1%.
Housing Supply in 92029, CA
How many homes are available in 92029, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 60 | -15.5% |
Summary: The 92029 real estate market had 60 homes for sale in November 2024, a 15.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 33 | 24 | -27.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 92029 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92029, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 92029 in November 2024, down by 23.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 92029, CA
How long does it take to sell a home in 92029, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -20.3% |
Summary: Homes in 92029 had an average of 23 days on market in Nov 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92029 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 92029; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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.