$85,000
2.50 Acres
Land
Catherine Marcy, Listing Office: HomeSmart
Is 92241, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 92241 was a Seller's Market.
Key Takeaway
92241 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92241, CA
How much do homes in 92241, CA cost?
Median Sold Price
$478,500
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,500(+6.8%)
Key Takeaway
Homes in 92241 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 92241 was $478,500 in November 2024, up 6.8% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $250K | -13.8% |
| 2 Bedrooms | $400K | $392K | -2.0% |
| 3 Bedrooms | $530K | $488.5K | -7.8% |
| 4 Bedrooms | $515K | $690K | +34.0% |
| 5+ Bedrooms | $567K | $612.5K | +8.0% |
Summary: 92241 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 8%.
Housing Supply in 92241, CA
How many homes are available in 92241, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The 92241 real estate market had 25 homes for sale in November 2024, a 31.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 92241 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92241, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 92241 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 92241, CA
How long does it take to sell a home in 92241, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 82 Days | +311.7% |
Summary: Homes in 92241 had an average of 82 days on market in Nov 2024, up by 311.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 92241 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in 92241; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.