Is 92277, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92277 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 92277 was a Neutral Market.

Key Takeaway

92277 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92277, CA

How much do homes in 92277, CA cost?

Median Sold Price

$269,983

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$766(-0.3%)

Key Takeaway

The sold price of homes in 92277 has remained the same since last year.

Summary: The median home sold price in 92277 was $269,983 in October 2024, down 0.3% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$190K
+15.2%
2 $240.2K$225.5K
-6.1%
3 $290K$290K
0.0%
4 $340K$365K
+7.4%
5+ $370K$549.9K
+48.6%

Summary: 92277 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 48.6%.

Median Sold Price Compared To Nearby Zip Codes

92277
-0.3%
92252
-2.1%

Housing Supply in 92277, CA

How many homes are available in 92277, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
213244+14.6%

Summary: The 92277 real estate market had 244 homes for sale in October 2024, a 14.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3033
+10.0%
2 5875
+29.3%
3 88105
+19.3%
4 3227
-15.6%
5+ 54
-20.0%

Summary: The 92277 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 29.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27270.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92277, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 92277 in October 2024, the same as the previous month. Of the 27 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for 92277, CA

How long does it take to sell a home in 92277, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days75 Days+78.3%

Summary: Homes in 92277 had an average of 75 days on market in Oct 2024, up by 78.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92277 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 92277; 41% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 37% 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 16 Days Ago

Newest Listings in 92277, CA

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