$10,000 Closing Credit*
$2,199,900
2,617 SqFt
4 Beds
•4 Full Baths
Jose Ochoa, Listing Office: Olympia Real Estate
Is 92705, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 92705 has remained a Seller's Market.
Key Takeaway
92705 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92705, CA
How much do homes in 92705, CA cost?
Median Sold Price
$1,540,000
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,000(+2.9%)
Key Takeaway
Homes in 92705 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 92705 was $1,540,000 in October 2024, up 2.9% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $280K | -13.8% |
| 2 Bedrooms | $533K | $573.7K | +7.6% |
| 3 Bedrooms | $1.2M | $1.3M | +11.8% |
| 4 Bedrooms | $1.5M | $1.5M | +2.5% |
| 5+ Bedrooms | $2.0M | $2.2M | +8.9% |
Summary: 92705 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 92705, CA
How many homes are available in 92705, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 94 | -3.1% |
Summary: The 92705 real estate market had 94 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 32 | 27 | -15.6% |
Summary: The 92705 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 15.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92705, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 92705 in October 2024, the same as the previous month. Of the 20 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% were sold over asking.
Days on Market for 92705, CA
How long does it take to sell a home in 92705, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 30 Days | -5.2% |
Summary: Homes in 92705 had an average of 30 days on market in Oct 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 92705 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 92705; 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.