Is 92882, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92882 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 92882 has remained a Seller's Market.

Key Takeaway

92882 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92882, CA

How much do homes in 92882, CA cost?

Median Sold Price

$758,292

$427/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,042(+5.9%)

Key Takeaway

Homes in 92882 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 92882 was $758,292 in October 2024, up 5.9% from last year, and the median price per square foot was $427.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$374K
+3.9%
2 $460K$471.2K
+2.4%
3 $650K$700K
+7.7%
4 $782.5K$872.5K
+11.5%
5+ $939K$1.0M
+8.1%

Summary: 92882 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

92879
+9.5%
92881
+7.1%
92880
+7.1%
92882
+5.9%

Housing Supply in 92882, CA

How many homes are available in 92882, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147157+6.8%

Summary: The 92882 real estate market had 157 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 108
-20.0%
2 1416
+14.3%
3 4247
+11.9%
4 5453
-1.9%
5+ 2733
+22.2%

Summary: The 92882 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2944+51.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92882, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.

Summary: A total of 44 homes were sold or pending in 92882 in October 2024, up by 51.7% month-over-month. Of the 44 sold homes, 20% were sold under asking, 23% were sold at asking, and 57% were sold over asking.

Days on Market for 92882, CA

How long does it take to sell a home in 92882, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days31 Days+138.7%

Summary: Homes in 92882 had an average of 31 days on market in Oct 2024, up by 138.7% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92882 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 44 homes were sold in 92882; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% 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 24 Days Ago

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