$6,519 Closing Credit*
$549,000
1,583 SqFt
3 Beds
•2 Full Baths, 1 Partial
Eddy Chavarria, Listing Office: Las Casas Realty, Inc.
Is 92407, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 92407 has remained a Seller'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
$564,666
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,666(+7.6%)
Key Takeaway
Homes in 92407 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 92407 was $564,666 in October 2024, up 7.6% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $425K | +66.7% |
| 2 Bedrooms | $372.5K | $422.5K | +13.4% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $595K | $600K | +0.8% |
| 5+ Bedrooms | $720K | $745K | +3.5% |
Summary: 92407 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 92407, CA
How many homes are available in 92407, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 142 | -1.4% |
Summary: The 92407 real estate market had 142 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 49 | 47 | -4.1% |
| 4 Bedrooms | 47 | 53 | +12.8% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The 92407 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 41 | +51.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92407, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 92407 in October 2024, up by 51.9% month-over-month. Of the 41 sold homes, 32% were sold under asking, 22% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | +1.2% |
Summary: Homes in 92407 had an average of 30 days on market in Oct 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 41 homes were sold in 92407; 61% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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