Is 92868, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92868 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 92868 has remained a Seller's Market.

Key Takeaway

92868 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92868, CA

How much do homes in 92868, CA cost?

Median Sold Price

$663,000

$659/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$312,000(-32.0%)

Key Takeaway

Homes in 92868 have sold for 32% less than they did a month ago.

Summary: The median home sold price in 92868 was $663,000 in November 2024, down 32% from last month, and the median price per square foot was $659.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $420K$435K
+3.6%
2 $645K$663K
+2.8%
3 $1.0M$846K
-17.6%
4 $1.0M$1.0M
+3.9%
5+ --
N/A

Summary: 92868 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

92866
+7.6%
92868
-32.0%

Housing Supply in 92868, CA

How many homes are available in 92868, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
22220.0%

Summary: The 92868 real estate market had 22 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 76
-14.3%
3 99
0.0%
4 34
+33.3%
5+ 12
+100.0%

Summary: The 92868 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92868, 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 92868 in November 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.

Days on Market for 92868, CA

How long does it take to sell a home in 92868, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
41 Days13 Days-68.3%

Summary: Homes in 92868 had an average of 13 days on market in Nov 2024, down by 68.3% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92868 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 92868; 86% of homes were sold within 30 days, 14% 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 92868, CA

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