Is 92230, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92230 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92230 has remained a Seller's Market.

Key Takeaway

92230 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92230, CA

How much do homes in 92230, CA cost?

Median Sold Price

$325,000

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+6.2%)

Key Takeaway

Homes in 92230 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 92230 was $325,000 in November 2024, up 6.2% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$270K
+17.4%
2 $282.5K$360K
+27.4%
3 $333.5K$320K
-4.0%
4 $383.7K-
N/A
5+ --
N/A

Summary: 92230 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 27.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

92230
+6.2%
92220
+4.0%
92282
-2.6%

Housing Supply in 92230, CA

How many homes are available in 92230, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1011+10.0%

Summary: The 92230 real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 69
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 92230 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 decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92230, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 92230 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 92230, CA

How long does it take to sell a home in 92230, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days44 Days+1366.7%

Summary: Homes in 92230 had an average of 44 days on market in Nov 2024, up by 1366.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in 92230 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 92230; 33% of homes were sold within 30 days, 67% 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 17 Days Ago

Newest Listings in 92230, CA

Nearby Markets to 92230, CA