$2,968 Closing Credit*
$249,900
1,070 SqFt
2 Beds
•1 Full Bath
Robert Contreras, Listing Office: Coldwell Banker Home Source
Is 92311, 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, 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
$280,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,666(+11.4%)
Key Takeaway
Homes in 92311 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 92311 was $280,000 in October 2024, up 11.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | $142.5K | +26.7% |
| 2 Bedrooms | $206.5K | $230K | +11.4% |
| 3 Bedrooms | $250K | $275K | +10.0% |
| 4 Bedrooms | $298.5K | $302K | +1.2% |
| 5+ Bedrooms | $333K | $375K | +12.6% |
Summary: 92311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Zip Codes
| 92311 | $251.3K | $280K | +11.4% |
| 92342 | $350K | $368K | +5.1% |
Housing Supply in 92311, CA
How many homes are available in 92311, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 147 | 0.0% |
Summary: The 92311 real estate market had 147 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 82 | 85 | +3.7% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 14 | 9 | -35.7% |
Summary: The 92311 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92311, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 92311 in October 2024, down by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 41 Days | -7.4% |
Summary: Homes in 92311 had an average of 41 days on market in Oct 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 20 homes were sold in 92311; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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.