Is 92091, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92091 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 92091 has remained a Buyer's Market.

Key Takeaway

92091 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92091, CA

How much do homes in 92091, CA cost?

Median Sold Price

$2,602,500

$865/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$127,500(+5.2%)

Key Takeaway

Homes in 92091 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 92091 was $2,602,500 in November 2024, up 5.2% from last year, and the median price per square foot was $865.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $1.1M$1.2M
+6.9%
3 $1.6M$1.6M
+1.2%
4 $3.2M$3.1M
-3.4%
5+ $5.6M$5.6M
0.4%

Summary: 92091 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 increased by 6.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

92067
+11.4%
92091
+5.2%
92029
+5.1%
92024
+4.9%

Housing Supply in 92091, CA

How many homes are available in 92091, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2829+3.6%

Summary: The 92091 real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 87
-12.5%
4 76
-14.3%
5+ 1215
+25.0%

Summary: The 92091 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92091, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 92091 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 92091, CA

How long does it take to sell a home in 92091, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days40 Days-17.7%

Summary: Homes in 92091 had an average of 40 days on market in Nov 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92091 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 92091; 50% of homes were sold within 30 days, 50% 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 3 Days Ago

Newest Listings in 92091, CA

Nearby Markets to 92091, CA