Is 92058, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92058 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 92058 has remained a Seller's Market.

Key Takeaway

92058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92058, CA

How much do homes in 92058, CA cost?

Median Sold Price

$691,500

$499/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$66,500(+10.6%)

Key Takeaway

Homes in 92058 have sold for 10.6% more than they did a month ago.

Summary: The median home sold price in 92058 was $691,500 in November 2024, up 10.6% from last month, and the median price per square foot was $499.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $426.5K$548K
+28.5%
3 $706.2K$667.5K
-5.5%
4 $935K$890K
-4.8%
5+ -$1.0M
N/A

Summary: 92058 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.

Housing Supply in 92058, CA

How many homes are available in 92058, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4335-18.6%

Summary: The 92058 real estate market had 35 homes for sale in November 2024, a 18.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1612
-25.0%
3 1913
-31.6%
4 56
+20.0%
5+ 34
+33.3%

Summary: The 92058 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 decreased by 25%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92058, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 92058 in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.

Days on Market for 92058, CA

How long does it take to sell a home in 92058, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
29 Days21 Days-26.8%

Summary: Homes in 92058 had an average of 21 days on market in Nov 2024, down by 26.8% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92058 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 92058; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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