Is 92028, 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, 92028 has remained a Seller's Market.
Housing Prices in 92028, CA
How much do homes in 92028, CA cost?
Median Sold Price
$875,500
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 92028 was $875,500 in May 2024, up 6.8% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $408K | +7.4% |
2 Bedrooms | $580K | $687.5K | +18.5% |
3 Bedrooms | $765K | $800K | +4.6% |
4 Bedrooms | $899K | $980K | +9.0% |
5+ Bedrooms | $1.1M | $1.3M | +12.6% |
Summary: 92028 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 92028, CA
How many homes are available in 92028, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
209 | 214 | +2.4% |
Summary: The 92028 real estate market had 214 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 103 | 105 | +1.9% |
4 Bedrooms | 65 | 63 | -3.1% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The 92028 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 48 | -11.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 92028 in May 2024, down by 11.1% month-over-month. Of the 48 sold homes, 40% were sold under asking, 17% were sold at asking, and 44% were sold over asking.
Days on Market for 92028, CA
How long does it take to sell a home in 92028, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 38 Days | +5.3% |
Summary: Homes in 92028 had an average of 38 days on market in May 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in 92028; 65% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.