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 December 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

$1,272,997

$609/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$203,051(+19.0%)

Key Takeaway

Homes in 92694 have sold for 19% more than they did a year ago.

Summary: The median home sold price in 92694 was $1,272,997 in December 2024, up 19% from last year, and the median price per square foot was $609.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $577.4K$620K
+7.4%
2 $732.5K$791K
+8.0%
3 $950K$999.9K
+5.3%
4 $1.5M$1.6M
+5.7%
5+ $2.5M$2.1M
-17.0%

Summary: 92694 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 17%.

Median Sold Price Compared To Nearby Zip Codes

92694
+19.0%
92688
+15.4%
92679
+11.1%
92692
+11.0%
92675
0.0%

Housing Supply in 92694, CA

How many homes are available in 92694, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6554-16.9%

Summary: The 92694 real estate market had 54 homes for sale in December 2024, a 16.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 139
-30.8%
3 2420
-16.7%
4 1614
-12.5%
5+ 1211
-8.3%

Summary: The 92694 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 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. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 92694 in December 2024, up by 20.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% 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

Dec 2023Dec 2024CHANGE
17 Days29 Days+71.7%

Summary: Homes in 92694 had an average of 29 days on market in Dec 2024, up by 71.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 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 December 2024, 18 homes were sold in 92694; 56% of homes were sold within 30 days, 44% 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 2 Days Ago

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