$5,046 Closing Credit*
$424,900
1,092 SqFt
3 Beds
•2 Full Baths
PETER TRIPP, Listing Office: Better Homes & Gardens R.E. Oak Valley
Is 92220, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92220 was a Seller's Market.
Key Takeaway
92220 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92220, CA
How much do homes in 92220, CA cost?
Median Sold Price
$390,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.0%)
Key Takeaway
Homes in 92220 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 92220 was $390,000 in October 2024, up 4% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $201K | +21.8% |
| 2 Bedrooms | $355K | $365K | +2.8% |
| 3 Bedrooms | $390K | $399.9K | +2.5% |
| 4 Bedrooms | $510K | $497K | -2.5% |
| 5+ Bedrooms | $440K | $540K | +22.7% |
Summary: 92220 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 22.7%.
Housing Supply in 92220, CA
How many homes are available in 92220, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 180 | 172 | -4.4% |
Summary: The 92220 real estate market had 172 homes for sale in October 2024, a 4.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 81 | 86 | +6.2% |
| 3 Bedrooms | 73 | 62 | -15.1% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 92220 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 22 | -42.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92220, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 92220 in October 2024, down by 42.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% were sold over asking.
Days on Market for 92220, CA
How long does it take to sell a home in 92220, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +0.6% |
Summary: Homes in 92220 had an average of 32 days on market in Oct 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92220 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 92220; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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.