Is 92866, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92866 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 92866 has remained a Seller's Market.

Key Takeaway

92866 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92866, CA

How much do homes in 92866, CA cost?

Median Sold Price

$1,085,000

$626/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$115,000(+11.9%)

Key Takeaway

Homes in 92866 have sold for 11.9% more than they did a month ago.

Summary: The median home sold price in 92866 was $1,085,000 in October 2024, up 11.9% from last month, and the median price per square foot was $626.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$438K
N/A
2 $808.5K$862.5K
+6.7%
3 $1.1M$1.1M
-2.0%
4 $985K$1.2M
+24.1%
5+ -$1.2M
N/A

Summary: 92866 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes did not change.

Housing Supply in 92866, CA

How many homes are available in 92866, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3228-12.5%

Summary: The 92866 real estate market had 28 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 76
-14.3%
3 1110
-9.1%
4 108
-20.0%
5+ 22
0.0%

Summary: The 92866 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 decreased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
716+128.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92866, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 92866 in October 2024, up by 128.6% month-over-month. Of the 16 sold homes, 56% were sold under asking, 6% were sold at asking, and 38% were sold over asking.

Days on Market for 92866, CA

How long does it take to sell a home in 92866, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days38 Days+103.1%

Summary: Homes in 92866 had an average of 38 days on market in Oct 2024, up by 103.1% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92866 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 92866; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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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