Is 92584, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92584 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92584 has remained a Seller's Market.

Key Takeaway

92584 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92584, CA

How much do homes in 92584, CA cost?

Median Sold Price

$620,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+5.1%)

Key Takeaway

Homes in 92584 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 92584 was $620,000 in November 2024, up 5.1% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $530K$360K
-32.1%
2 $515K$530K
+2.9%
3 $545K$570K
+4.6%
4 $615.5K$650K
+5.6%
5+ $658.7K$716.5K
+8.8%

Summary: 92584 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

92586
+9.1%
92585
+5.3%
92595
+5.3%
92584
+5.1%
92587
+1.5%

Housing Supply in 92584, CA

How many homes are available in 92584, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
273253-7.3%

Summary: The 92584 real estate market had 253 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3429
-14.7%
3 7470
-5.4%
4 9889
-9.2%
5+ 6765
-3.0%

Summary: The 92584 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6552-20.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92584, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in 92584 in November 2024, down by 20.0% month-over-month. Of the 52 sold homes, 37% were sold under asking, 15% were sold at asking, and 48% were sold over asking.

Days on Market for 92584, CA

How long does it take to sell a home in 92584, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days34 Days+29.7%

Summary: Homes in 92584 had an average of 34 days on market in Nov 2024, up by 29.7% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92584 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 52 homes were sold in 92584; 65% of homes were sold within 30 days, 21% 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 3 Days Ago

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