Is 92624, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92624 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 92624 has remained a Buyer's Market.

Key Takeaway

92624 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 92624, CA

How much do homes in 92624, CA cost?

Median Sold Price

$1,597,500

$880/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,500(+2.1%)

Key Takeaway

Homes in 92624 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 92624 was $1,597,500 in October 2024, up 2.1% from last year, and the median price per square foot was $880.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $498K-
N/A
2 $1.0M$1.1M
+13.9%
3 $1.4M$1.4M
+1.1%
4 $1.9M$1.7M
-7.6%
5+ $3.7M$2.4M
-34.0%

Summary: 92624 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 34%.

Median Sold Price Compared To Nearby Zip Codes

92673
+11.8%
92629
+9.5%
92672
+3.1%
92624
+2.1%
92675
+1.7%

Housing Supply in 92624, CA

How many homes are available in 92624, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
41410.0%

Summary: The 92624 real estate market had 41 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 14
+300.0%
2 43
-25.0%
3 1515
0.0%
4 119
-18.2%
5+ 1010
0.0%

Summary: The 92624 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92624, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 92624 in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
30 Days12 Days-60.0%

Summary: Homes in 92624 had an average of 12 days on market in Oct 2024, down by 60% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92624 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 92624; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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