Is 92706, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92706 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92706 has remained a Seller's Market.

Key Takeaway

92706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92706, CA

How much do homes in 92706, CA cost?

Median Sold Price

$1,000,000

$628/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+3.1%)

Key Takeaway

Homes in 92706 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 92706 was $1,000,000 in October 2024, up 3.1% from last year, and the median price per square foot was $628.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$423K
N/A
2 $531K$780K
+46.9%
3 $924K$1.0M
+8.2%
4 $1.2M$1.3M
+4.9%
5+ $1.7M$1.4M
-22.2%

Summary: 92706 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 22.2%.

Median Sold Price Compared To Nearby Zip Codes

92706
+3.1%
92701
-12.2%

Housing Supply in 92706, CA

How many homes are available in 92706, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3533-5.7%

Summary: The 92706 real estate market had 33 homes for sale in October 2024, a 5.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2319
-17.4%
4 79
+28.6%
5+ 33
0.0%

Summary: The 92706 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 remained the same, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92706, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 92706 in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for 92706, CA

How long does it take to sell a home in 92706, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days25 Days+46.0%

Summary: Homes in 92706 had an average of 25 days on market in Oct 2024, up by 46% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92706 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 92706; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

Newest Listings in 92706, CA

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