New - 22 minutes on Rocket
$4,809 Closing Credit¹
Joanna Villicana, Listing Office: C 21 Coachella Valley RE
92240 Housing Market Report December 2024•Riverside County, California
Housing Prices in 92240, CA
How much do homes in 92240, CA cost?
Housing Market Conditions
Is 92240, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
92240 is a Neutral Market
Difference Since December 2023
At the same time last year, 92240 was a Seller's Market.
Insight
92240 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$390,000$251/SqFt
+$9,722
+2.6%
Based on all homes sold in the last 12 months
Insight
Homes in 92240 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 92240 was $390,000 in December 2024, up 2.6% from last year, and the median price per square foot was $251.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $115K | $106K | -7.8% |
| 22 Bedrooms | $308K | $315K | +2.3% |
| 33 Bedrooms | $382.5K | $399K | +4.3% |
| 44 Bedrooms | $440K | $438.3K | -0.4% |
| 55+ Bedrooms | $480K | $522.5K | +8.9% |
Summary: 92240 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -7.8%. The home price for 2 bedroom homes increased by +2.3%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes decreased by -0.4%. The home price for 5 bedroom homes increased by +8.9%.
Housing supply in 92240, CA
How many homes are available in 92240, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 252Last MonthDec 2024 | ||
| 2482 months agoNov 2024 | +1.6 % Change MoMNov – Dec |
Summary: The 92240 real estate market had 252 homes for sale in Dec 2024, a 1.6 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthDec 2024 | ||
| 272 months agoNov 2024 | +33.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 7 | 7 | 0.0% |
| 22 Bedrooms | 27 | 32 | +18.5% |
| 33 Bedrooms | 147 | 152 | +3.4% |
| 44 Bedrooms | 50 | 44 | -12.0% |
| 55+ Bedrooms | 17 | 17 | 0.0% |
Summary: 92240 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +18.5%. The inventory for 3 bedroom homes increased by +3.4%. The inventory for 4 bedroom homes decreased by -12.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 92240, CA cost?
Over Asking Price7 Homes
At Asking Price5 Homes
Under Asking Price24 Homes
Insight
If you're buying a home in 92240, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 92240 in December 2024, up by 33.3% month-over-month. Of the 36 sold homes, 67% were sold under asking, 14% were sold at asking, and and 19% were sold over asking.
Days on Market for 92240, CA
How long does it take to sell a home in 92240, CA?
Breakdown of Home Sale Times
Under 30 Days11 Homes
30 – 90 Days21 Homes
Over 90 Days4 Homes
Insight
Avg time on Rocket Homes in 92240 has remained consistent over time.
Summary: During December 2024, 36 homes were sold in 92240; 31% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 55 DaysThis YearDec 2024 | ||
| 31 Days1 year agoDec 2023 | +78.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 92240 had an average listing age of 55 days in Dec 2024, up by 78.0% compared to the previous year.
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Newest Listings in 92240, CA
What homes are available in 92240, CA?
New - 9 hours on Rocket
MILES TURNER, Listing Office: Tower Agency
New - 9 hours on Rocket
$5,688 Closing Credit¹
Larry Hernandez, Listing Office: Sunset Realty
New - 2 days on Rocket
Duane Kipp O'Connor, Listing Office: Duane-Kipp O'connor, Broker
New - 2 days on Rocket
$4,964 Closing Credit¹
Christine Castillo, Listing Office: PRICE REAL ESTATE GROUP INC
New - 3 days on Rocket
Jessica Jimenez, Listing Office: OZA Realty
New - 3 days on Rocket
Maribel Vargas, Listing Office: Century 21 Masters
New - 5 days on Rocket
Dominic Labriola, Listing Office: Real Brokerage Technologies,
New - 6 days on Rocket
$4,144 Closing Credit¹
Hector Mayner, Listing Office: Bennion Deville Homes
New - 6 days on Rocket3D tour
$5,094 Closing Credit¹
Jonathan Ader, Listing Office: Redfin Corporation
New - 7 days on Rocket
$4,156 Closing Credit¹
Emmanuel Jr Reyes, Listing Office: eXp Realty Of Southern California Inc
$1,317 Closing Credit¹
Lynette Rios, Listing Office: CHAMPIONS REAL ESTATE
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Greater Antelope Valley MLS for the period 01/01/2023 - 01/01/2025
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Greater Antelope Valley MLS. Information deemed reliable but not guaranteed.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 8:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.