Is 92835, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92835 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92835 has remained a Seller's Market.

Key Takeaway

92835 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92835, CA

How much do homes in 92835, CA cost?

Median Sold Price

$1,133,600

$579/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$83,600(+8.0%)

Key Takeaway

Homes in 92835 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 92835 was $1,133,600 in October 2024, up 8% from last year, and the median price per square foot was $579.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $421.5K$390K
-7.5%
2 $545K$597K
+9.5%
3 $935K$987K
+5.6%
4 $1.2M$1.3M
+8.8%
5+ $1.8M$1.6M
-10.4%

Summary: 92835 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

92831
+19.4%
92821
+12.3%
92833
+9.4%
92835
+8.0%
92832
+6.7%

Housing Supply in 92835, CA

How many homes are available in 92835, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
66660.0%

Summary: The 92835 real estate market had 66 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 88
0.0%
3 2316
-30.4%
4 2528
+12.0%
5+ 710
+42.9%

Summary: The 92835 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2114-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92835, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 92835 in October 2024, down by 33.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for 92835, CA

How long does it take to sell a home in 92835, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days19 Days-49.1%

Summary: Homes in 92835 had an average of 19 days on market in Oct 2024, down by 49.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92835 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 92835; 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 16 Days Ago

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