$3,551 Closing Credit*
$299,000
ERIK RUIZ, Listing Office: CENTURY 21 REALTY MASTERS
Is 92311, 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, 92311 was a Seller's Market.
Key Takeaway
92311 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92311, CA
How much do homes in 92311, CA cost?
Median Sold Price
$279,666
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,133(+9.0%)
Key Takeaway
Homes in 92311 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 92311 was $279,666 in November 2024, up 9% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $185K | +85.0% |
| 2 Bedrooms | $209K | $230K | +10.0% |
| 3 Bedrooms | $254.5K | $275K | +8.1% |
| 4 Bedrooms | $299.5K | $303.5K | +1.3% |
| 5+ Bedrooms | $333K | $405K | +21.6% |
Summary: 92311 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Zip Codes
| 92311 | $256.5K | $279.6K | +9.0% |
| 92342 | $351.2K | $370K | +5.3% |
| 92398 | $197.4K | $182K | -7.8% |
Housing Supply in 92311, CA
How many homes are available in 92311, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 145 | 134 | -7.6% |
Summary: The 92311 real estate market had 134 homes for sale in November 2024, a 7.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 83 | 75 | -9.6% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 92311 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 14 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92311, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 92311 in November 2024, down by 41.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 92311, CA
How long does it take to sell a home in 92311, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 60 Days | +88.8% |
Summary: Homes in 92311 had an average of 60 days on market in Nov 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92311 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 92311; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.