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 December 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 December 2023

+$5,000(+1.0%)

Key Takeaway

Homes in 92359 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 92359 was $495,000 in December 2024, up 1% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $250.5K$252.5K
+0.8%
2 $431K$390.2K
-9.5%
3 $475K$496K
+4.4%
4 $590K$582.4K
-1.3%
5+ $525K$589.9K
+12.4%

Summary: 92359 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

92374
+7.5%
92346
+4.1%
92399
+3.7%
92359
+1.0%
92382
-1.1%

Housing Supply in 92359, CA

How many homes are available in 92359, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1518+20.0%

Summary: The 92359 real estate market had 18 homes for sale in December 2024, a 20.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 33
0.0%
3 67
+16.7%
4 33
0.0%
5+ 35
+66.7%

Summary: The 92359 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92359, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 92359 in December 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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

Dec 2023Dec 2024CHANGE
57 Days49 Days-13.6%

Summary: Homes in 92359 had an average of 49 days on market in Dec 2024, down by 13.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 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 December 2024, 5 homes were sold in 92359; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 6 Days Ago

Newest Listings in 92359, CA

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