$10,000 Closing Credit*
$2,388,000
3,629 SqFt
4 Beds
•2 Full Baths, 1 Partial
Gene Shin, Listing Office: First Team Real Estate
Is 92831, 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, 92831 has remained a Seller's Market.
Key Takeaway
92831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 92831, CA
How much do homes in 92831, CA cost?
Median Sold Price
$1,030,000
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$167,500(+19.4%)
Key Takeaway
Homes in 92831 have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in 92831 was $1,030,000 in October 2024, up 19.4% from last year, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $445.1K | +11.3% |
| 2 Bedrooms | $610K | $645K | +5.7% |
| 3 Bedrooms | $880K | $960K | +9.1% |
| 4 Bedrooms | $1.1M | $1.2M | +8.4% |
| 5+ Bedrooms | $1.5M | $1.9M | +25.2% |
Summary: 92831 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 25.2%.
Housing Supply in 92831, CA
How many homes are available in 92831, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The 92831 real estate market had 51 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 | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 92831 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 increased by 7.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 92831, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 92831 in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for 92831, CA
How long does it take to sell a home in 92831, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +59.2% |
Summary: Homes in 92831 had an average of 22 days on market in Oct 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 92831 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 92831; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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.