Is 92694, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92694 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92694 has remained a Seller's Market.

Key Takeaway

92694 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92694, CA

How much do homes in 92694, CA cost?

Median Sold Price

$1,261,665

$607/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$188,476(+17.6%)

Key Takeaway

Homes in 92694 have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in 92694 was $1,261,665 in October 2024, up 17.6% from last year, and the median price per square foot was $607.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $589.9K$610K
+3.4%
2 $734.5K$785K
+6.9%
3 $950.6K$995K
+4.7%
4 $1.5M$1.7M
+10.3%
5+ $2.4M$2.3M
-4.6%

Summary: 92694 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

92694
+17.6%
92692
+14.0%
92679
+13.3%
92688
+13.2%
92675
+1.7%

Housing Supply in 92694, CA

How many homes are available in 92694, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7378+6.8%

Summary: The 92694 real estate market had 78 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1216
+33.3%
3 2428
+16.7%
4 1920
+5.3%
5+ 1713
-23.5%

Summary: The 92694 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 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 23.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92694, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 92694 in October 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.

Days on Market for 92694, CA

How long does it take to sell a home in 92694, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days17 Days-39.2%

Summary: Homes in 92694 had an average of 17 days on market in Oct 2024, down by 39.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92694 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 92694; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 92694, CA

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