$3,850,000
3,286 SqFt
4 Beds
•4 Full Baths, 1 Partial
Jian Gong, Listing Office: Keller Williams Realty Irvine
Is 92602, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 92602 has remained a Seller's Market.
Key Takeaway
92602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92602, CA
How much do homes in 92602, CA cost?
Median Sold Price
$2,380,000
$942/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$444,500(+23.0%)
Key Takeaway
Homes in 92602 have sold for 23% more than they did a year ago.
Summary: The median home sold price in 92602 was $2,380,000 in December 2024, up 23% from last year, and the median price per square foot was $942.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $609.9K | - | N/A |
| 2 Bedrooms | $965K | $1.0M | +9.8% |
| 3 Bedrooms | $1.3M | $1.6M | +20.2% |
| 4 Bedrooms | $2.2M | $2.8M | +26.1% |
| 5+ Bedrooms | $3.9M | $3.2M | -18.4% |
Summary: 92602 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 18.4%.
Housing Supply in 92602, CA
How many homes are available in 92602, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The 92602 real estate market had 61 homes for sale in December 2024, a 10.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 92602 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92602, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 92602 in December 2024, up by 40.0% month-over-month. Of the 21 sold homes, 71% were sold under asking, 10% were sold at asking, and 19% were sold over asking.
Days on Market for 92602, CA
How long does it take to sell a home in 92602, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +41.2% |
Summary: Homes in 92602 had an average of 48 days on market in Dec 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92602 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in 92602; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% 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.