$7,422 Closing Credit*
$625,000
2,344 SqFt
4 Beds
•2 Full Baths
Sharron Dillard, Listing Office: eXp Realty of California Inc.
Is 92503, 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, 92503 has remained a Seller's Market.
Key Takeaway
92503 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92503, CA
How much do homes in 92503, CA cost?
Median Sold Price
$640,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,983(+4.9%)
Key Takeaway
Homes in 92503 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 92503 was $640,000 in October 2024, up 4.9% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $285K | +18.8% |
| 2 Bedrooms | $477.5K | $455K | -4.7% |
| 3 Bedrooms | $560K | $605K | +8.0% |
| 4 Bedrooms | $662K | $699K | +5.6% |
| 5+ Bedrooms | $890K | $915K | +2.8% |
Summary: 92503 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 92503, CA
How many homes are available in 92503, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 | 177 | -6.3% |
Summary: The 92503 real estate market had 177 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 88 | 74 | -15.9% |
| 4 Bedrooms | 62 | 64 | +3.2% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The 92503 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 50%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92503, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in 92503 in October 2024, up by 6.7% month-over-month. Of the 48 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for 92503, CA
How long does it take to sell a home in 92503, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +21.7% |
Summary: Homes in 92503 had an average of 29 days on market in Oct 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92503 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 92503; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% 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.