Is 92688, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92688 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92688 has remained a Seller's Market.

Key Takeaway

92688 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92688, CA

How much do homes in 92688, CA cost?

Median Sold Price

$949,800

$640/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$110,650(+13.2%)

Key Takeaway

Homes in 92688 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 92688 was $949,800 in October 2024, up 13.2% from last year, and the median price per square foot was $640.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $438.5K$454K
+3.5%
2 $625K$668.5K
+7.0%
3 $880K$1.0M
+21.3%
4 $1.2M$1.3M
+8.7%
5+ $1.4M$1.5M
+12.7%

Summary: 92688 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

92694
+17.6%
92692
+14.0%
92679
+13.3%
92688
+13.2%

Housing Supply in 92688, CA

How many homes are available in 92688, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107112+4.7%

Summary: The 92688 real estate market had 112 homes for sale in October 2024, a 4.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 3537
+5.7%
3 3637
+2.8%
4 2427
+12.5%
5+ 87
-12.5%

Summary: The 92688 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2231+40.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92688, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 92688 in October 2024, up by 40.9% month-over-month. Of the 31 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.

Days on Market for 92688, CA

How long does it take to sell a home in 92688, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days26 Days+40.0%

Summary: Homes in 92688 had an average of 26 days on market in Oct 2024, up by 40% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92688 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 92688; 55% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 3% 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

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