Is 92359, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92359 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92359 has remained a Seller's Market.

Key Takeaway

92359 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92359, CA

How much do homes in 92359, CA cost?

Median Sold Price

$495,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+7.6%)

Key Takeaway

Homes in 92359 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 92359 was $495,000 in November 2024, up 7.6% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $245.5K$250K
+1.8%
2 $431K$405.1K
-6.0%
3 $490K$495K
+1.0%
4 $585K$585K
0.0%
5+ $488K$575K
+17.8%

Summary: 92359 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

92374
+8.2%
92359
+7.6%
92346
+4.2%
92399
+3.7%
92382
-1.6%

Housing Supply in 92359, CA

How many homes are available in 92359, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1619+18.8%

Summary: The 92359 real estate market had 19 homes for sale in November 2024, a 18.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 78
+14.3%
4 45
+25.0%
5+ 33
0.0%

Summary: The 92359 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92359, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 92359 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 92359, CA

How long does it take to sell a home in 92359, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days42 Days+120.1%

Summary: Homes in 92359 had an average of 42 days on market in Nov 2024, up by 120.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92359 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 92359; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

Newest Listings in 92359, CA

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