$5,878 Closing Credit*
$495,000
2,596 SqFt
2 Beds
•2 Full Baths, 1 Partial
Barbara Laws, Listing Office: Keller Williams Realty
Is 92203, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 92203 was a Seller's Market.
Key Takeaway
92203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92203, CA
How much do homes in 92203, CA cost?
Median Sold Price
$565,095
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,095(+3.7%)
Key Takeaway
Homes in 92203 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 92203 was $565,095 in November 2024, up 3.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $235K | N/A |
| 2 Bedrooms | $459.5K | $485K | +5.5% |
| 3 Bedrooms | $588.6K | $590K | 0.2% |
| 4 Bedrooms | $599.9K | $600K | 0.0% |
| 5+ Bedrooms | $623.4K | $699.9K | +12.3% |
Summary: 92203 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 5.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 92203, CA
How many homes are available in 92203, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 261 | 290 | +11.1% |
Summary: The 92203 real estate market had 290 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 83 | 93 | +12.0% |
| 3 Bedrooms | 71 | 83 | +16.9% |
| 4 Bedrooms | 74 | 79 | +6.8% |
| 5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The 92203 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92203, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 92203 in November 2024, down by 8.1% month-over-month. Of the 34 sold homes, 65% were sold under asking, 26% were sold at asking, and 9% were sold over asking.
Days on Market for 92203, CA
How long does it take to sell a home in 92203, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 64 Days | +12.2% |
Summary: Homes in 92203 had an average of 64 days on market in Nov 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92203 has remained consistent over time.
Summary: During November 2024, 34 homes were sold in 92203; 26% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.