Is 92662, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92662 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 92662 has remained a Seller's Market.

Key Takeaway

92662 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92662, CA

How much do homes in 92662, CA cost?

Median Sold Price

$4,395,000

$2,308/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$595,000(+15.7%)

Key Takeaway

Homes in 92662 have sold for 15.7% more than they did a month ago.

Summary: The median home sold price in 92662 was $4,395,000 in November 2024, up 15.7% from last month, and the median price per square foot was $2,308.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$2.7M
N/A
3 $6.9M$9.1M
+30.7%
4 $3.6M$4.1M
+14.5%
5+ $5.1M$7.5M
+44.6%

Summary: 92662 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 44.6%.

Housing Supply in 92662, CA

How many homes are available in 92662, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2726-3.7%

Summary: The 92662 real estate market had 26 homes for sale in November 2024, a 3.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 65
-16.7%
4 1312
-7.7%
5+ 65
-16.7%

Summary: The 92662 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 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92662, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 92662 in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 92662, CA

How long does it take to sell a home in 92662, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
91 Days48 Days-46.8%

Summary: Homes in 92662 had an average of 48 days on market in Nov 2024, down by 46.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 92662 has remained consistent over time.

Summary: During November 2024, 5 homes were sold in 92662; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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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