Is 92692, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92692 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92692 has remained a Seller's Market.

Key Takeaway

92692 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92692, CA

How much do homes in 92692, CA cost?

Median Sold Price

$1,063,333

$624/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$130,461(+14.0%)

Key Takeaway

Homes in 92692 have sold for 14% more than they did a year ago.

Summary: The median home sold price in 92692 was $1,063,333 in October 2024, up 14% from last year, and the median price per square foot was $624.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $532K$537K
+0.9%
2 $760K$820K
+7.9%
3 $927K$1.0M
+13.3%
4 $1.3M$1.4M
+5.5%
5+ $1.5M$1.7M
+10.8%

Summary: 92692 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Zip Codes

92694
+17.6%
92692
+14.0%
92630
+13.4%
92688
+13.2%
92691
+11.5%

Housing Supply in 92692, CA

How many homes are available in 92692, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
149152+2.0%

Summary: The 92692 real estate market had 152 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 5257
+9.6%
3 4446
+4.5%
4 3835
-7.9%
5+ 1514
-6.7%

Summary: The 92692 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 9.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3435+2.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92692, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in 92692 in October 2024, up by 2.9% month-over-month. Of the 35 sold homes, 40% were sold under asking, 17% were sold at asking, and 43% were sold over asking.

Days on Market for 92692, CA

How long does it take to sell a home in 92692, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days25 Days+41.1%

Summary: Homes in 92692 had an average of 25 days on market in Oct 2024, up by 41.1% compared to last year.

Breakdown of Home Sale Times

21 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 92692 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 35 homes were sold in 92692; 60% of homes were sold within 30 days, 37% 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 22 Days Ago

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