Is 92677, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92677 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92677 has remained a Seller's Market.

Key Takeaway

92677 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92677, CA

How much do homes in 92677, CA cost?

Median Sold Price

$1,330,000

$731/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$128,916(+10.7%)

Key Takeaway

Homes in 92677 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 92677 was $1,330,000 in October 2024, up 10.7% from last year, and the median price per square foot was $731.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $505K$505K
0.0%
2 $727.5K$755K
+3.8%
3 $1.1M$1.2M
+8.5%
4 $1.6M$1.9M
+13.2%
5+ $2.2M$2.3M
+3.6%

Summary: 92677 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 3.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

92651
+14.8%
92656
+11.2%
92677
+10.7%
92629
+9.5%
92653
+9.1%

Housing Supply in 92677, CA

How many homes are available in 92677, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
209217+3.8%

Summary: The 92677 real estate market had 217 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1420
+42.9%
2 4453
+20.5%
3 6355
-12.7%
4 5454
0.0%
5+ 3435
+2.9%

Summary: The 92677 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4347+9.3%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92677, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 92677 in October 2024, up by 9.3% month-over-month. Of the 47 sold homes, 55% were sold under asking, 17% were sold at asking, and 28% were sold over asking.

Days on Market for 92677, CA

How long does it take to sell a home in 92677, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days30 Days+28.1%

Summary: Homes in 92677 had an average of 30 days on market in Oct 2024, up by 28.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92677 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 92677; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% 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 13 Days Ago

Newest Listings in 92677, CA

Nearby Markets to 92677, CA