$10,000 Closing Credit*
$989,000
2,991 SqFt
3 Beds
•3 Full Baths
KARI JANIKOWSKI, Listing Office: KJ Realty Group Inc.
Is 92506, 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, 92506 has remained a Seller's Market.
Key Takeaway
92506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92506, CA
How much do homes in 92506, CA cost?
Median Sold Price
$690,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,388(+5.6%)
Key Takeaway
Homes in 92506 have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in 92506 was $690,000 in October 2024, up 5.6% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $378K | $305K | -19.3% |
| 2 Bedrooms | $500K | $550K | +10.0% |
| 3 Bedrooms | $600K | $615K | +2.5% |
| 4 Bedrooms | $790K | $797.4K | +0.9% |
| 5+ Bedrooms | $1.0M | $1.0M | +5.7% |
Summary: 92506 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 92506, CA
How many homes are available in 92506, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 164 | 159 | -3.0% |
Summary: The 92506 real estate market had 159 homes for sale in October 2024, a 3.0% decrease 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 | 22 | 22 | 0.0% |
| 3 Bedrooms | 64 | 54 | -15.6% |
| 4 Bedrooms | 56 | 58 | +3.6% |
| 5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The 92506 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 remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92506, you could pay more than the asking price. 51.2% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in 92506 in October 2024, down by 14.6% month-over-month. Of the 41 sold homes, 37% were sold under asking, 12% were sold at asking, and 51% were sold over asking.
Days on Market for 92506, CA
How long does it take to sell a home in 92506, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 35 Days | +22.6% |
Summary: Homes in 92506 had an average of 35 days on market in Oct 2024, up by 22.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92506 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in 92506; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% 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.