Is 92211, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92211 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 92211 was a Seller's Market.

Key Takeaway

92211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92211, CA

How much do homes in 92211, CA cost?

Median Sold Price

$547,528

$327/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,653(+1.4%)

Key Takeaway

Homes in 92211 have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in 92211 was $547,528 in November 2024, up 1.4% from last year, and the median price per square foot was $327.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $299K$323.5K
+8.2%
2 $460.9K$460K
-0.2%
3 $650K$629.2K
-3.2%
4 $852.5K$829.9K
-2.6%
5+ $832.5K$1.0M
+23.1%

Summary: 92211 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 23.1%.

Median Sold Price Compared To Nearby Zip Codes

92210
+21.1%
92203
+3.7%
92260
+3.4%
92211
+1.4%

Housing Supply in 92211, CA

How many homes are available in 92211, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
414469+13.3%

Summary: The 92211 real estate market had 469 homes for sale in November 2024, a 13.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 187217
+16.0%
3 167192
+15.0%
4 5049
-2.0%
5+ 44
0.0%

Summary: The 92211 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65650.0%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer55%25%20%

Key Takeaway

If you're buying a home in 92211, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in 92211 in November 2024, the same as the previous month. Of the 65 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.

Days on Market for 92211, CA

How long does it take to sell a home in 92211, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days54 Days+13.2%

Summary: Homes in 92211 had an average of 54 days on market in Nov 2024, up by 13.2% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times45%35%20%

Key Takeaway

Many homes in 92211 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 65 homes were sold in 92211; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% 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 19 Days Ago

Newest Listings in 92211, CA

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