Is 92081, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92081 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92081 has remained a Seller's Market.

Key Takeaway

92081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92081, CA

How much do homes in 92081, CA cost?

Median Sold Price

$893,241

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,241(+0.9%)

Key Takeaway

Homes in 92081 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 92081 was $893,241 in October 2024, up 0.9% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $448.5K$447K
-0.3%
2 $685K$715K
+4.4%
3 $878.1K$892.1K
+1.6%
4 $995K$1.0M
+5.5%
5+ $1.1M$1.1M
+0.9%

Summary: 92081 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

92056
+12.3%
92010
+11.4%
92078
+8.5%
92083
+5.2%
92081
+0.9%

Housing Supply in 92081, CA

How many homes are available in 92081, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7967-15.2%

Summary: The 92081 real estate market had 67 homes for sale in October 2024, a 15.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1515
0.0%
3 3432
-5.9%
4 2114
-33.3%
5+ 64
-33.3%

Summary: The 92081 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3121-32.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92081, 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 92081 in October 2024, down by 32.3% month-over-month. Of the 21 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.

Days on Market for 92081, CA

How long does it take to sell a home in 92081, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days22 Days+44.4%

Summary: Homes in 92081 had an average of 22 days on market in Oct 2024, up by 44.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92081 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 92081; 76% of homes were sold within 30 days, 24% 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 13 Days Ago

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