Is 92236, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92236 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92236 has remained a Seller's Market.

Key Takeaway

92236 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92236, CA

How much do homes in 92236, CA cost?

Median Sold Price

$468,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+2.6%)

Key Takeaway

Homes in 92236 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 92236 was $468,000 in October 2024, up 2.6% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$295K
N/A
2 $318.5K$337.5K
+6.0%
3 $373K$414.5K
+11.1%
4 $480K$497.4K
+3.6%
5+ $539.6K$577.6K
+7.0%

Summary: 92236 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Zip Codes

92203
+3.2%
92236
+2.6%
92201
-0.8%
92274
-1.7%

Housing Supply in 92236, CA

How many homes are available in 92236, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4237-11.9%

Summary: The 92236 real estate market had 37 homes for sale in October 2024, a 11.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 00
0.0%
3 1412
-14.3%
4 1212
0.0%
5+ 1210
-16.7%

Summary: The 92236 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92236, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 92236 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% were sold over asking.

Days on Market for 92236, CA

How long does it take to sell a home in 92236, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days43 Days-5.6%

Summary: Homes in 92236 had an average of 43 days on market in Oct 2024, down by 5.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92236 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 92236; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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 14 Days Ago

Newest Listings in 92236, CA

Nearby Markets to 92236, CA