$3,206 Closing Credit*
$270,000
872 SqFt
2 Beds
•1 Full Bath
Kortney Foust, Listing Office: Paradigm
Is 92314, 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, 92314 was a Seller's Market.
Key Takeaway
92314 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92314, CA
How much do homes in 92314, CA cost?
Median Sold Price
$427,816
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,816(+1.9%)
Key Takeaway
Homes in 92314 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 92314 was $427,816 in November 2024, up 1.9% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.4K | $270K | +8.2% |
| 2 Bedrooms | $372.5K | $367.5K | -1.3% |
| 3 Bedrooms | $500K | $499.9K | 0% |
| 4 Bedrooms | $600K | $674.9K | +12.5% |
| 5+ Bedrooms | $789.5K | $842.5K | +6.7% |
Summary: 92314 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 92314, CA
How many homes are available in 92314, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 308 | 317 | +2.9% |
Summary: The 92314 real estate market had 317 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 17 | -5.6% |
| 2 Bedrooms | 111 | 117 | +5.4% |
| 3 Bedrooms | 128 | 126 | -1.6% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 92314 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 31 | -11.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 92314, you may be able to get a good deal. 87.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 92314 in November 2024, down by 11.4% month-over-month. Of the 31 sold homes, 87% were sold under asking, 10% were sold at asking, and 3% were sold over asking.
Days on Market for 92314, CA
How long does it take to sell a home in 92314, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 87 Days | +78.5% |
Summary: Homes in 92314 had an average of 87 days on market in Nov 2024, up by 78.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 92314 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 31 homes were sold in 92314; 32% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 39% 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.