$10,000 Closing Credit*
$2,250,000
3,208 SqFt
4 Beds
•3 Full Baths
Shelly Reyland, Listing Office: Re/Max Coastal Homes
Is 92624, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 92624 was a Seller's Market.
Key Takeaway
92624 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 92624, CA
How much do homes in 92624, CA cost?
Median Sold Price
$1,585,000
$844/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+0.6%)
Key Takeaway
Homes in 92624 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 92624 was $1,585,000 in November 2024, up 0.6% from last year, and the median price per square foot was $844.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $498K | - | N/A |
| 2 Bedrooms | $1.0M | $1.1M | +10.7% |
| 3 Bedrooms | $1.4M | $1.4M | -2.6% |
| 4 Bedrooms | $1.9M | $1.8M | -3.9% |
| 5+ Bedrooms | $3.7M | $2.3M | -35.5% |
Summary: 92624 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 increased by 10.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 35.5%.
Housing Supply in 92624, CA
How many homes are available in 92624, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The 92624 real estate market had 41 homes for sale in November 2024, a 5.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 92624 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 92624, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 92624 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 92624, CA
How long does it take to sell a home in 92624, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 59 Days | +559.3% |
Summary: Homes in 92624 had an average of 59 days on market in Nov 2024, up by 559.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 92624 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 92624; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.