$6,531 Closing Credit*
$550,000
Julia Calderon, Listing Office: Keller Williams Realty
Is 92408, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92408 was a Seller's Market.
Key Takeaway
92408 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92408, CA
How much do homes in 92408, CA cost?
Median Sold Price
$425,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$72,495(-14.6%)
Key Takeaway
Homes in 92408 have sold for 14.6% less than they did a year ago.
Summary: The median home sold price in 92408 was $425,000 in October 2024, down 14.6% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $385K | $397.5K | +3.2% |
| 3 Bedrooms | $499.9K | $425K | -15.0% |
| 4 Bedrooms | $550K | $548.6K | -0.2% |
| 5+ Bedrooms | $521K | $480K | -7.9% |
Summary: 92408 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 92408, CA
How many homes are available in 92408, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The 92408 real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 92408 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 increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 92408, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 92408 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 92408, CA
How long does it take to sell a home in 92408, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 36 Days | +53.8% |
Summary: Homes in 92408 had an average of 36 days on market in Oct 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92408 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 92408; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.