$10,000 Closing Credit*
$1,750,000
1,104 SqFt
2 Beds
•2 Full Baths
Amy Mosley, Listing Office: Coldwell Banker Realty
Is 92651, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92651 was a Neutral Market.
Key Takeaway
92651 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 92651, CA
How much do homes in 92651, CA cost?
Median Sold Price
$3,068,750
$1,536/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$394,666(+14.8%)
Key Takeaway
Homes in 92651 have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in 92651 was $3,068,750 in October 2024, up 14.8% from last year, and the median price per square foot was $1,536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $1.1M | -12.2% |
| 2 Bedrooms | $1.8M | $2.0M | +11.7% |
| 3 Bedrooms | $2.5M | $2.9M | +13.0% |
| 4 Bedrooms | $4.0M | $4.2M | +4.0% |
| 5+ Bedrooms | $4.7M | $6.7M | +42.3% |
Summary: 92651 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 42.3%.
Housing Supply in 92651, CA
How many homes are available in 92651, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 213 | +10.9% |
Summary: The 92651 real estate market had 213 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 42 | 43 | +2.4% |
| 3 Bedrooms | 72 | 81 | +12.5% |
| 4 Bedrooms | 53 | 57 | +7.5% |
| 5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The 92651 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 92651, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 92651 in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 82% were sold under asking, 14% were sold at asking, and 5% were sold over asking.
Days on Market for 92651, CA
How long does it take to sell a home in 92651, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 93 Days | 67 Days | -28.3% |
Summary: Homes in 92651 had an average of 67 days on market in Oct 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92651 has remained consistent over time.
Summary: During October 2024, 22 homes were sold in 92651; 23% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 27% 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.