Is 92832, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92832 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 92832 has remained a Seller's Market.

Key Takeaway

92832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92832, CA

How much do homes in 92832, CA cost?

Median Sold Price

$839,500

$611/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,500(+7.6%)

Key Takeaway

Homes in 92832 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 92832 was $839,500 in November 2024, up 7.6% from last year, and the median price per square foot was $611.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $341K$343K
+0.6%
2 $775K$767.4K
-1.0%
3 $785K$903.8K
+15.1%
4 $828.5K$960.5K
+15.9%
5+ $1.0M$1.4M
+29.6%

Summary: 92832 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 29.6%.

Median Sold Price Compared To Nearby Zip Codes

92831
+18.2%
92835
+12.1%
92801
+11.6%
92833
+8.8%
92832
+7.6%

Housing Supply in 92832, CA

How many homes are available in 92832, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
32320.0%

Summary: The 92832 real estate market had 32 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 57
+40.0%
3 1414
0.0%
4 85
-37.5%
5+ 34
+33.3%

Summary: The 92832 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92832, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 92832 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for 92832, CA

How long does it take to sell a home in 92832, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days25 Days-27.7%

Summary: Homes in 92832 had an average of 25 days on market in Nov 2024, down by 27.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92832 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 92832; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 92832, CA

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