Is 92544, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92544 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 92544 was a Seller's Market.

Key Takeaway

92544 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92544, CA

How much do homes in 92544, CA cost?

Median Sold Price

$459,199

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,199(+5.6%)

Key Takeaway

Homes in 92544 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 92544 was $459,199 in October 2024, up 5.6% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K$200K
-7.0%
2 $317.5K$353K
+11.2%
3 $426K$455.5K
+6.9%
4 $475K$505K
+6.3%
5+ $550K$580K
+5.5%

Summary: 92544 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

92543
+19.7%
92583
+9.5%
92536
+6.2%
92544
+5.6%
92549
-7.4%

Housing Supply in 92544, CA

How many homes are available in 92544, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172188+9.3%

Summary: The 92544 real estate market had 188 homes for sale in October 2024, a 9.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2829
+3.6%
3 8283
+1.2%
4 4460
+36.4%
5+ 1715
-11.8%

Summary: The 92544 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 3.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3624-33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92544, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 92544 in October 2024, down by 33.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.

Days on Market for 92544, CA

How long does it take to sell a home in 92544, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days35 Days+111.3%

Summary: Homes in 92544 had an average of 35 days on market in Oct 2024, up by 111.3% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92544 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 92544; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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