$2,580,000
2,951 SqFt
5 Beds
•4 Full Baths
Rui Dai, Listing Office: Keller Williams Realty Irvine
Is 92620, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 92620 has remained a Seller's Market.
Key Takeaway
92620 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92620, CA
How much do homes in 92620, CA cost?
Median Sold Price
$1,645,333
$832/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$261,088(+18.9%)
Key Takeaway
Homes in 92620 have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in 92620 was $1,645,333 in October 2024, up 18.9% from last year, and the median price per square foot was $832.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $666.5K | +30.7% |
| 2 Bedrooms | $860K | $1.0M | +16.3% |
| 3 Bedrooms | $1.2M | $1.5M | +16.4% |
| 4 Bedrooms | $1.7M | $2.0M | +15.8% |
| 5+ Bedrooms | $2.3M | $2.7M | +16.1% |
Summary: 92620 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 92620, CA
How many homes are available in 92620, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 122 | +5.2% |
Summary: The 92620 real estate market had 122 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 92620 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92620, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 92620 in October 2024, down by 3.7% month-over-month. Of the 26 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for 92620, CA
How long does it take to sell a home in 92620, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 27 Days | +71.3% |
Summary: Homes in 92620 had an average of 27 days on market in Oct 2024, up by 71.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 92620 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 92620; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% 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.