92116 30-day Market Update (11/12/22)

Here is your 30-Day Market Snapshot for 92116 as of November 11, 2022.

🏡⭐ NEW LISTINGS: There have been 19 detached homes listed and 8 attached homes listed for sale.

📃👏 IN ESCROW: 11 detached homes and 11 attached homes went into pending status.

🔑 RECENTLY CLOSED: 8 detached homes and 10 attached homes have closed escrow.

📅 AVERAGE DAYS ON MARKET: Detached homes were on the market for an average of 27 days, whereas Attached homes averaged 28 days on the market.

💸 30-DAY RUNNING MEDIAN SOLD PRICE and YOY CHANGE: The median sold price for homes in 92116 for the past 30 days was $1,066,811 for detached homes, which is up 8.6% YOY and $522,500 for attached homes, equating to an decrease of 5.2% YOY.

📈 As of 11/11/2022, the median YTD sales price of detached and attached homes in 92116 was $865K. The median sales price of detached and attached homes in 92116 is up ⬆10.1% 📊

Curious as to why the median price of attached homes is down this year vs. last year? There were not only more sales this time last year, but the percentage of 1-bedroom units this year was also much higher than last year.

📞 Want to know more about the current market today? I’d love to answer your questions! 🙂 Feel free to DM!

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