Is 92880, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 92880 has remained a Seller's Market.
Housing Prices in 92880, CA
How much do homes in 92880, CA cost?
Median Sold Price
$870,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 92880 was $870,000 in May 2024, up 4.3% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $560.4K | $530K | -5.4% |
3 Bedrooms | $695K | $700K | +0.7% |
4 Bedrooms | $780K | $850K | +9.0% |
5+ Bedrooms | $910K | $967.5K | +6.3% |
Summary: 92880 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 92880, CA
How many homes are available in 92880, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 125 | +16.8% |
Summary: The 92880 real estate market had 125 homes for sale in May 2024, a 16.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 44 | 56 | +27.3% |
5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The 92880 housing inventory by bedroom type for May 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 8.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 34 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 92880 in May 2024, the same as the previous month. Of the 34 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for 92880, CA
How long does it take to sell a home in 92880, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 15 Days | -59.2% |
Summary: Homes in 92880 had an average of 15 days on market in May 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in 92880; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.