Is 92356, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92356 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 92356 was a Seller's Market.

Key Takeaway

92356 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92356, CA

How much do homes in 92356, CA cost?

Median Sold Price

$300,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+13.2%)

Key Takeaway

Homes in 92356 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 92356 was $300,000 in November 2024, up 13.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $132K$75K
-43.2%
2 $202K$210K
+4.0%
3 $309K$329K
+6.5%
4 $377.5K$391.2K
+3.6%
5+ $301K$425K
+41.2%

Summary: 92356 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 41.2%.

Median Sold Price Compared To Nearby Zip Codes

92356
+13.2%
92308
+6.8%
92307
+4.8%
92314
+1.9%
92333
-8.3%

Housing Supply in 92356, CA

How many homes are available in 92356, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5962+5.1%

Summary: The 92356 real estate market had 62 homes for sale in November 2024, a 5.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1114
+27.3%
3 3029
-3.3%
4 1110
-9.1%
5+ 35
+66.7%

Summary: The 92356 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 increased by 27.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92356, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 92356 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 92356, CA

How long does it take to sell a home in 92356, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
75 Days63 Days-15.2%

Summary: Homes in 92356 had an average of 63 days on market in Nov 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92356 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 92356; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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