Is 92626, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92626 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92626 has remained a Seller's Market.

Key Takeaway

92626 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92626, CA

How much do homes in 92626, CA cost?

Median Sold Price

$1,399,900

$774/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$174,900(+14.3%)

Key Takeaway

Homes in 92626 have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in 92626 was $1,399,900 in November 2024, up 14.3% from last year, and the median price per square foot was $774.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $810K-
N/A
2 $695K$745K
+7.2%
3 $1.1M$1.2M
+9.2%
4 $1.3M$1.5M
+15.5%
5+ $1.5M$1.7M
+9.7%

Summary: 92626 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 7.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

92707
+14.6%
92626
+14.3%
92627
+10.1%
92704
+10.0%

Housing Supply in 92626, CA

How many homes are available in 92626, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8571-16.5%

Summary: The 92626 real estate market had 71 homes for sale in November 2024, a 16.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 2822
-21.4%
4 4031
-22.5%
5+ 1111
0.0%

Summary: The 92626 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2430+25.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92626, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 92626 in November 2024, up by 25.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% were sold over asking.

Days on Market for 92626, CA

How long does it take to sell a home in 92626, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days29 Days+105.7%

Summary: Homes in 92626 had an average of 29 days on market in Nov 2024, up by 105.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92626 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in 92626; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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

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