$5,759 Closing Credit*
$485,000
974 SqFt
2 Beds
•2 Full Baths
Andy Ly, Listing Office: Westpointe Realty Group
Is 92701, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 92701 was a Neutral Market.
Key Takeaway
92701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92701, CA
How much do homes in 92701, CA cost?
Median Sold Price
$520,000
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$72,500(-12.2%)
Key Takeaway
Homes in 92701 have sold for 12.2% less than they did a year ago.
Summary: The median home sold price in 92701 was $520,000 in October 2024, down 12.2% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404K | $400K | -1.0% |
| 2 Bedrooms | $470K | $444.1K | -5.5% |
| 3 Bedrooms | $755K | $825K | +9.3% |
| 4 Bedrooms | $869.9K | $968K | +11.3% |
| 5+ Bedrooms | $1.3M | $1.2M | -7.6% |
Summary: 92701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 92701, CA
How many homes are available in 92701, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The 92701 real estate market had 64 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 92701 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 decreased by 8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92701, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 92701 in October 2024, down by 31.6% month-over-month. Of the 13 sold homes, 38% were sold under asking, 0% were sold at asking, and 62% were sold over asking.
Days on Market for 92701, CA
How long does it take to sell a home in 92701, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 32 Days | -16.7% |
Summary: Homes in 92701 had an average of 32 days on market in Oct 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 92701 has remained consistent over time.
Summary: During October 2024, 13 homes were sold in 92701; 38% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.