Is 92592, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 92592 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 92592 has remained a Seller's Market.

Key Takeaway

92592 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 92592, CA

How much do homes in 92592, CA cost?

Median Sold Price

$730,531

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,258(+3.6%)

Key Takeaway

Homes in 92592 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 92592 was $730,531 in May 2024, up 3.6% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $365K$353.5K
-3.2%
2 $461.5K$518.5K
+12.4%
3 $625K$645K
+3.2%
4 $740K$769.6K
+4.0%
5+ $909.5K$922.5K
+1.4%

Summary: 92592 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Zip Codes

92536
+11.8%
92596
+7.6%
92591
+3.7%
92592
+3.6%

Housing Supply in 92592, CA

How many homes are available in 92592, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
285274-3.9%

Summary: The 92592 real estate market had 274 homes for sale in May 2024, a 3.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 9175
-17.6%
4 106104
-1.9%
5+ 7382
+12.3%

Summary: The 92592 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 decreased by 13.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 12.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7983+5.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 92592, you could pay more than the asking price. 55.4% of homes here sold above asking price last month.

Summary: A total of 83 homes were sold or pending in 92592 in May 2024, up by 5.1% month-over-month. Of the 83 sold homes, 25% were sold under asking, 19% were sold at asking, and 55% were sold over asking.

Days on Market for 92592, CA

How long does it take to sell a home in 92592, CA?

Average Sale Time

May 2023May 2024CHANGE
28 Days16 Days-43.7%

Summary: Homes in 92592 had an average of 16 days on market in May 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 92592 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 83 homes were sold in 92592; 83% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% 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 1 Day Ago

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