$7,125 Closing Credit*
$600,000
1,404 SqFt
4 Beds
•2 Full Baths
Caroll Olivares, Listing Office: ERA Donahoe Realty
Is 92316, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 92316 has remained a Buyer's Market.
Key Takeaway
92316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92316, CA
How much do homes in 92316, CA cost?
Median Sold Price
$525,000
$394/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$30,000(-5.4%)
Key Takeaway
Homes in 92316 have sold for 5.4% less than they did a month ago.
Summary: The median home sold price in 92316 was $525,000 in November 2024, down 5.4% from last month, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $555K | $515K | -7.2% |
| 4 Bedrooms | $915K | $622.5K | -32.0% |
| 5+ Bedrooms | $535K | - | N/A |
Summary: 92316 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes did not change.
Housing Supply in 92316, CA
How many homes are available in 92316, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 92316 real estate market had 39 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 92316 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92316, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 92316 in November 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 92316, CA
How long does it take to sell a home in 92316, CA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -32.5% |
Summary: Homes in 92316 had an average of 10 days on market in Nov 2024, down by 32.5% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92316 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 92316; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.