Is 92083, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92083 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92083 has remained a Seller's Market.

Key Takeaway

92083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92083, CA

How much do homes in 92083, CA cost?

Median Sold Price

$729,500

$503/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+5.2%)

Key Takeaway

Homes in 92083 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 92083 was $729,500 in October 2024, up 5.2% from last year, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420.4K$450K
+7.0%
2 $510K$549K
+7.6%
3 $675K$735K
+8.9%
4 $860K$930K
+8.1%
5+ $1.0M$1.0M
-1.8%

Summary: 92083 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

92056
+12.3%
92084
+8.3%
92069
+6.3%
92083
+5.2%
92081
+0.9%

Housing Supply in 92083, CA

How many homes are available in 92083, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4142+2.4%

Summary: The 92083 real estate market had 42 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1110
-9.1%
3 2019
-5.0%
4 57
+40.0%
5+ 44
0.0%

Summary: The 92083 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92083, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 92083 in October 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for 92083, CA

How long does it take to sell a home in 92083, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days32 Days+143.7%

Summary: Homes in 92083 had an average of 32 days on market in Oct 2024, up by 143.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92083 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 92083; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 22 Days Ago

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