Is 92612, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92612 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92612 has remained a Seller's Market.

Key Takeaway

92612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92612, CA

How much do homes in 92612, CA cost?

Median Sold Price

$1,200,000

$776/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$214,500(+21.8%)

Key Takeaway

Homes in 92612 have sold for 21.8% more than they did a year ago.

Summary: The median home sold price in 92612 was $1,200,000 in November 2024, up 21.8% from last year, and the median price per square foot was $776.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $607.5K$695K
+14.4%
2 $890K$1.0M
+23.0%
3 $1.1M$1.4M
+21.3%
4 $1.5M$1.7M
+10.2%
5+ $2.4M$2.2M
-9.2%

Summary: 92612 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 9.2%.

Median Sold Price Compared To Nearby Zip Codes

92614
+27.7%
92612
+21.8%
92603
+13.9%

Housing Supply in 92612, CA

How many homes are available in 92612, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8275-8.5%

Summary: The 92612 real estate market had 75 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1416
+14.3%
2 3935
-10.3%
3 2219
-13.6%
4 54
-20.0%
5+ 21
-50.0%

Summary: The 92612 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1820+11.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92612, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 92612 in November 2024, up by 11.1% month-over-month. Of the 20 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for 92612, CA

How long does it take to sell a home in 92612, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days38 Days+91.8%

Summary: Homes in 92612 had an average of 38 days on market in Nov 2024, up by 91.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92612 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in 92612; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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 92612, CA

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