Is 92065, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92065 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 92065 was a Seller's Market.

Key Takeaway

92065 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 92065, CA

How much do homes in 92065, CA cost?

Median Sold Price

$800,000

$410/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+6.7%)

Key Takeaway

Homes in 92065 have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in 92065 was $800,000 in October 2024, up 6.7% from last year, and the median price per square foot was $410.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $697.5K$592.5K
-15.1%
2 $480K$510K
+6.3%
3 $724K$769.5K
+6.3%
4 $835K$880K
+5.4%
5+ $865K$990K
+14.5%

Summary: 92065 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Zip Codes

92064
+13.2%
92027
+10.6%
92065
+6.7%
92040
+4.5%

Housing Supply in 92065, CA

How many homes are available in 92065, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137142+3.6%

Summary: The 92065 real estate market had 142 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 1010
0.0%
3 6363
0.0%
4 4650
+8.7%
5+ 1416
+14.3%

Summary: The 92065 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3221-34.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92065, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 92065 in October 2024, down by 34.4% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.

Days on Market for 92065, CA

How long does it take to sell a home in 92065, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days24 Days+60.1%

Summary: Homes in 92065 had an average of 24 days on market in Oct 2024, up by 60.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92065 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 92065; 71% of homes were sold within 30 days, 29% 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 14 Days Ago

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