Is 92672, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92672 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92672 has remained a Seller's Market.

Key Takeaway

92672 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92672, CA

How much do homes in 92672, CA cost?

Median Sold Price

$1,650,000

$853/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+1.7%)

Key Takeaway

Homes in 92672 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 92672 was $1,650,000 in November 2024, up 1.7% from last year, and the median price per square foot was $853.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $515K$495K
-3.9%
2 $1.1M$1.1M
-0.9%
3 $1.5M$1.6M
+5.1%
4 $1.9M$2.4M
+25.3%
5+ $2.5M$3.2M
+23.6%

Summary: 92672 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Zip Codes

92673
+9.8%
92672
+1.7%
92624
+0.6%

Housing Supply in 92672, CA

How many homes are available in 92672, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116100-13.8%

Summary: The 92672 real estate market had 100 homes for sale in November 2024, a 13.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 3327
-18.2%
3 3831
-18.4%
4 2924
-17.2%
5+ 1213
+8.3%

Summary: The 92672 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 decreased by 18.2%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%36%14%

Key Takeaway

If you're buying a home in 92672, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 92672 in November 2024, down by 18.5% month-over-month. Of the 22 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.

Days on Market for 92672, CA

How long does it take to sell a home in 92672, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days38 Days-18.3%

Summary: Homes in 92672 had an average of 38 days on market in Nov 2024, down by 18.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times68%18%14%

Key Takeaway

Many homes in 92672 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 92672; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% 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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