$7,469 Closing Credit*
$629,000
2,174 SqFt
4 Beds
•2 Full Baths
Carlos Carrillo, Listing Office: True Home Realty
Is 92345, 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, 92345 was a Seller's Market.
Key Takeaway
92345 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 92345, CA
How much do homes in 92345, CA cost?
Median Sold Price
$450,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+7.1%)
Key Takeaway
Homes in 92345 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 92345 was $450,000 in November 2024, up 7.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $242.5K | -10.2% |
| 2 Bedrooms | $334.9K | $365K | +9.0% |
| 3 Bedrooms | $410K | $430K | +4.9% |
| 4 Bedrooms | $485.6K | $519.9K | +7.1% |
| 5+ Bedrooms | $520K | $567K | +9.0% |
Summary: 92345 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 9%.
Housing Supply in 92345, CA
How many homes are available in 92345, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 291 | 272 | -6.5% |
Summary: The 92345 real estate market had 272 homes for sale in November 2024, a 6.5% decrease 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 | 25 | 22 | -12.0% |
| 3 Bedrooms | 155 | 133 | -14.2% |
| 4 Bedrooms | 94 | 98 | +4.3% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 92345 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 decreased by 12%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 40 | -27.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92345, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in 92345 in November 2024, down by 27.3% month-over-month. Of the 40 sold homes, 28% were sold under asking, 8% were sold at asking, and 65% were sold over asking.
Days on Market for 92345, CA
How long does it take to sell a home in 92345, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -13.8% |
Summary: Homes in 92345 had an average of 25 days on market in Nov 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92345 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in 92345; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% 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.