Is 92596, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92596 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92596 has remained a Seller's Market.

Key Takeaway

92596 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92596, CA

How much do homes in 92596, CA cost?

Median Sold Price

$670,088

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,088(+6.4%)

Key Takeaway

Homes in 92596 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 92596 was $670,088 in November 2024, up 6.4% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $686.7K$470K
-31.6%
3 $591.1K$589K
-0.4%
4 $615K$667.8K
+8.6%
5+ $685K$740K
+8.0%

Summary: 92596 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

92591
+6.7%
92596
+6.4%
92563
+5.4%
92584
+5.1%
92545
+1.7%

Housing Supply in 92596, CA

How many homes are available in 92596, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
186171-8.1%

Summary: The 92596 real estate market had 171 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4341
-4.7%
4 8278
-4.9%
5+ 5950
-15.3%

Summary: The 92596 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 remained the same, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 15.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4340-7.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92596, you may be able to get a good deal. 35% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 92596 in November 2024, down by 7.0% month-over-month. Of the 40 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.

Days on Market for 92596, CA

How long does it take to sell a home in 92596, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days35 Days-20.7%

Summary: Homes in 92596 had an average of 35 days on market in Nov 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92596 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 40 homes were sold in 92596; 55% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in 92596, CA

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