$10,000 Closing Credit*
$1,600,000
Kalinda Smith, Listing Office: Westwind Realty
Is 92703, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 92703 has remained a Seller's Market.
Key Takeaway
92703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92703, CA
How much do homes in 92703, CA cost?
Median Sold Price
$825,000
$630/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$39,999(-4.6%)
Key Takeaway
Homes in 92703 have sold for 4.6% less than they did a month ago.
Summary: The median home sold price in 92703 was $825,000 in December 2024, down 4.6% from last month, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $370K | -1.3% |
| 2 Bedrooms | $573K | $450K | -21.5% |
| 3 Bedrooms | $850K | $857.5K | +0.9% |
| 4 Bedrooms | $950K | $799.9K | -15.8% |
| 5+ Bedrooms | - | $3.5M | N/A |
Summary: 92703 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 21.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes did not change.
Housing Supply in 92703, CA
How many homes are available in 92703, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 52 | 40 | -23.1% |
Summary: The 92703 real estate market had 40 homes for sale in December 2024, a 23.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 23 | 15 | -34.8% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 92703 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 10%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92703, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 92703 in December 2024, down by 44.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 92703, CA
How long does it take to sell a home in 92703, CA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +13.3% |
Summary: Homes in 92703 had an average of 34 days on market in Dec 2024, up by 13.3% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92703 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in 92703; 60% of homes were sold within 30 days, 40% 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.