Is 92844, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92844 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 92844 was a Neutral Market.

Key Takeaway

92844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92844, CA

How much do homes in 92844, CA cost?

Median Sold Price

$695,500

$543/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$437,000(-38.6%)

Key Takeaway

Homes in 92844 have sold for 38.6% less than they did a month ago.

Summary: The median home sold price in 92844 was $695,500 in December 2024, down 38.6% from last month, and the median price per square foot was $543.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$635K
N/A
3 $1.1M$770K
-31.6%
4 -$970K
N/A
5+ $1.1M-
N/A

Summary: 92844 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

92841
+10.3%
92844
-38.6%

Housing Supply in 92844, CA

How many homes are available in 92844, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2524-4.0%

Summary: The 92844 real estate market had 24 homes for sale in December 2024, a 4.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1311
-15.4%
4 34
+33.3%
5+ 33
0.0%

Summary: The 92844 housing inventory by bedroom type for December 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 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92844, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 92844 in December 2024, up by 200.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 8% were sold at asking, and 67% were sold over asking.

Days on Market for 92844, CA

How long does it take to sell a home in 92844, CA?

Average Sale Time

Nov 2024Dec 2024CHANGE
15 Days32 Days+109.0%

Summary: Homes in 92844 had an average of 32 days on market in Dec 2024, up by 109% compared to last month.

Breakdown of Home Sale Times

8 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 92844 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 12 homes were sold in 92844; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 5 Days Ago

Newest Listings in 92844, CA

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