$4,738 Closing Credit*
$399,000
1,598 SqFt
3 Beds
•2 Full Baths
Hector Mayner, Listing Office: Bennion Deville Homes
Is 92240, 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, 92240 was a Seller's Market.
Key Takeaway
92240 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92240, CA
How much do homes in 92240, CA cost?
Median Sold Price
$389,988
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,488(+3.6%)
Key Takeaway
Homes in 92240 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 92240 was $389,988 in October 2024, up 3.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $106K | -7.8% |
| 2 Bedrooms | $306.5K | $315K | +2.8% |
| 3 Bedrooms | $380K | $395K | +3.9% |
| 4 Bedrooms | $435K | $444.3K | +2.1% |
| 5+ Bedrooms | $480K | $495K | +3.1% |
Summary: 92240 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 92240, CA
How many homes are available in 92240, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 212 | 231 | +9.0% |
Summary: The 92240 real estate market had 231 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 138 | 143 | +3.6% |
| 4 Bedrooms | 37 | 46 | +24.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 92240 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92240, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 92240 in October 2024, down by 13.5% month-over-month. Of the 32 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for 92240, CA
How long does it take to sell a home in 92240, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 53 Days | -1.2% |
Summary: Homes in 92240 had an average of 53 days on market in Oct 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92240 has remained consistent over time.
Summary: During October 2024, 32 homes were sold in 92240; 38% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 16% 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.