$3,775,000
5,117 SqFt
4 Beds
•4 Full Baths, 1 Partial
Carla Lehman, Listing Office: Premier Properties
Is 92253, 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, 92253 was a Seller's Market.
Key Takeaway
92253 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92253, CA
How much do homes in 92253, CA cost?
Median Sold Price
$783,990
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,447(+1.0%)
Key Takeaway
Homes in 92253 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 92253 was $783,990 in October 2024, up 1% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $325.7K | +3.4% |
| 2 Bedrooms | $540K | $530K | -1.9% |
| 3 Bedrooms | $744.9K | $782.1K | +5.0% |
| 4 Bedrooms | $1.3M | $1.3M | -3.7% |
| 5+ Bedrooms | $2.8M | $1.9M | -29.8% |
Summary: 92253 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 29.8%.
Housing Supply in 92253, CA
How many homes are available in 92253, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 452 | 548 | +21.2% |
Summary: The 92253 real estate market had 548 homes for sale in October 2024, a 21.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 53 | 61 | +15.1% |
| 3 Bedrooms | 260 | 310 | +19.2% |
| 4 Bedrooms | 106 | 133 | +25.5% |
| 5+ Bedrooms | 23 | 33 | +43.5% |
Summary: The 92253 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 43.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 72 | +20.0% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92253, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in 92253 in October 2024, up by 20.0% month-over-month. Of the 72 sold homes, 72% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for 92253, CA
How long does it take to sell a home in 92253, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 57 Days | +2.2% |
Summary: Homes in 92253 had an average of 57 days on market in Oct 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92253 has remained consistent over time.
Summary: During October 2024, 72 homes were sold in 92253; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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