$13,500,000
6,100 SqFt
5 Beds
•7 Full Baths
Canavan Coit and Associates, Listing Office: Compass
Is 92260, 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, 92260 was a Seller's Market.
Key Takeaway
92260 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92260, CA
How much do homes in 92260, CA cost?
Median Sold Price
$650,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,266(+3.4%)
Key Takeaway
Homes in 92260 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 92260 was $650,000 in November 2024, up 3.4% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $354.5K | +39.0% |
| 2 Bedrooms | $492K | $530K | +7.7% |
| 3 Bedrooms | $675K | $671.1K | -0.6% |
| 4 Bedrooms | $1.0M | $1.2M | +25.4% |
| 5+ Bedrooms | $1.9M | $843.4K | -56.2% |
Summary: 92260 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes decreased by 56.2%.
Housing Supply in 92260, CA
How many homes are available in 92260, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 306 | 361 | +18.0% |
Summary: The 92260 real estate market had 361 homes for sale in November 2024, a 18.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 103 | 111 | +7.8% |
| 3 Bedrooms | 142 | 161 | +13.4% |
| 4 Bedrooms | 36 | 62 | +72.2% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The 92260 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 72.2%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 37 | -9.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92260, you may be able to get a good deal. 81.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 92260 in November 2024, down by 9.8% month-over-month. Of the 37 sold homes, 81% were sold under asking, 14% were sold at asking, and 5% were sold over asking.
Days on Market for 92260, CA
How long does it take to sell a home in 92260, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 56 Days | +7.1% |
Summary: Homes in 92260 had an average of 56 days on market in Nov 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92260 has remained consistent over time.
Summary: During November 2024, 37 homes were sold in 92260; 38% of homes were sold within 30 days, 46% 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.