92116 7-day Market Update (2/10/21)

7-Day Market Snapshot as of Feb. 8, 2021

⭐🏡 There have been 0 detached homes listed and 2 attached homes listed for sale.

📃👏 3 detached homes and 2 attached homes went into pending status (got an accepted offer).

🔑 7 detached homes and 3 attached homes have closed escrow.

📅 Detached homes were on the market for an average of 24 days, whereas Attached homes averaged 38 days on the market.

💸 The median sold price for homes in 92116 which includes Normal Heights, Kensington, and University Heights for the past 30 days was $900,000 for detached homes, which is up 36.4% YOY and $500,000 for attached homes, equating to an increase of 13.6%.

Well-priced homes in 92116 can sell about 3% above list price and go pending in around 5 days. Feel free to ask me your questions 🙂 #heretohelp