$8,538 Closing Credit*
$719,000
994 SqFt
2 Beds
•1 Full Bath, 1 Partial
Xi Zhang, Listing Office: Harvest Realty Development
Is 92618, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 92618 has remained a Seller's Market.
Key Takeaway
92618 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92618, CA
How much do homes in 92618, CA cost?
Median Sold Price
$1,732,666
$811/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$322,166(+22.8%)
Key Takeaway
Homes in 92618 have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in 92618 was $1,732,666 in November 2024, up 22.8% from last year, and the median price per square foot was $811.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $685K | $599K | -12.6% |
| 2 Bedrooms | $896K | $978K | +9.2% |
| 3 Bedrooms | $1.2M | $1.5M | +23.8% |
| 4 Bedrooms | $1.8M | $2.1M | +14.4% |
| 5+ Bedrooms | $3.3M | $4.1M | +24.2% |
Summary: 92618 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 24.2%.
Housing Supply in 92618, CA
How many homes are available in 92618, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 190 | -4.0% |
Summary: The 92618 real estate market had 190 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 76 | 71 | -6.6% |
| 4 Bedrooms | 73 | 70 | -4.1% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 92618 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92618, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 92618 in November 2024, down by 9.3% month-over-month. Of the 39 sold homes, 56% were sold under asking, 15% were sold at asking, and 28% were sold over asking.
Days on Market for 92618, CA
How long does it take to sell a home in 92618, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 43 Days | +123.2% |
Summary: Homes in 92618 had an average of 43 days on market in Nov 2024, up by 123.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92618 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in 92618; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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.