$8,182 Closing Credit*
$689,000
2,649 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tom Tennant, Listing Office: Elevate Real Estate Agency
Is 92407, 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, 92407 was a Buyer's Market.
Key Takeaway
92407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92407, CA
How much do homes in 92407, CA cost?
Median Sold Price
$567,500
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+8.1%)
Key Takeaway
Homes in 92407 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 92407 was $567,500 in November 2024, up 8.1% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $425K | +66.7% |
| 2 Bedrooms | $389K | $430K | +10.5% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $600K | $605.5K | +0.9% |
| 5+ Bedrooms | $720K | $755K | +4.9% |
Summary: 92407 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 92407, CA
How many homes are available in 92407, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 125 | -17.2% |
Summary: The 92407 real estate market had 125 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 11 | -42.1% |
| 3 Bedrooms | 48 | 48 | 0.0% |
| 4 Bedrooms | 56 | 44 | -21.4% |
| 5+ Bedrooms | 25 | 20 | -20.0% |
Summary: The 92407 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 42.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 25 | -40.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92407, you could pay more than the asking price. 56% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 92407 in November 2024, down by 40.5% month-over-month. Of the 25 sold homes, 20% were sold under asking, 24% were sold at asking, and 56% were sold over asking.
Days on Market for 92407, CA
How long does it take to sell a home in 92407, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 39 Days | +196.5% |
Summary: Homes in 92407 had an average of 39 days on market in Nov 2024, up by 196.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92407 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 92407; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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