92028 Housing Market
Median List Price
$1,050,000
Updated August 2026
Today, the 92028 ZIP code in Fallbrook, CA has 183 homes for sale at a median list price of $1,050,000, typically selling in about 55 days.
92028 Housing Market Overview
Buyers in the 92028 ZIP code are looking at a median list price of $1.1M. That sits close to the overall Fallbrook figure. Since February, the median price has moved up about 5.6% to $931,321 as of July. The 92028 ZIP code has 183 active listings on the market right now. Pricing spreads from a $389,000 median for one bedroom homes to $2M for five bedroom homes.
92028 Area Market Pulse
Topfind Market Read
The picture is mixed here. Sales volume is up 35% versus six months ago, yet 44% of sellers have trimmed their asking price, and the typical home takes about 55 days to sell, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.05M
↑ 0% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
4.2 months of supply
Balanced Supply183 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~55 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 22% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 44% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92028 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
60%
Homeowners
40%
Renters
Homeownership is 4.5 points higher than the California average (55.5%)
9,978 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $399K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$785K)
Price Reductions
80 listings have reduced their price
44% of active listings
Average reduction: 5.5% (~$58K)
Browse 92028 Listings
Frequently Asked Questions about the 92028 Housing Market
What is the median home price in the 92028 ZIP code?
The median list price in the 92028 ZIP code is $1,050,000 as of August 2026, based on 183 active listings.
Is the 92028 ZIP code a buyer's market or a seller's market?
The 92028 ZIP code currently reads as a balanced market. Active inventory works out to about 4.2 months of supply at the recent sales pace.
How fast do homes sell in the 92028 ZIP code?
The average home currently for sale in the 92028 ZIP code has been on the market for 55 days.
Are home prices in the 92028 ZIP code going up or down?
The median sale price in the 92028 ZIP code is roughly flat compared with a year ago.
How many homes are for sale in the 92028 ZIP code?
There are 183 homes for sale in the 92028 ZIP code right now, including 15 listed within the last week.