92371 Housing Market
Median List Price
$479,000
Updated August 2026
Today, the 92371 ZIP code in Phelan, CA has 75 homes for sale at a median list price of $479,000, typically selling in about 33 days.
92371 Housing Market Overview
The median list price in the 92371 ZIP code is $479,000. That tracks closely with Phelan as a whole. Current inventory stands at 75 active listings. February to July saw the median price go from $514,000 to $433,000, down about 15.8%.
92371 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 5% over the last six months, though still 9% below a year ago, and the typical home sells in about 33 days. At the same time, 33% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$479K
↓ 9% 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
4.7 months of supply
Balanced Supply75 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 ~33 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 7% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in 92371 Area
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
81%
Homeowners
19%
Renters
Homeownership is 25.5 points higher than the California average (55.5%)
5,194 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $96K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$128K)
Price Reductions
25 listings have reduced their price
33% of active listings
Average reduction: 4.0% (~$19K)
Browse 92371 Listings
Frequently Asked Questions about the 92371 Housing Market
What is the median home price in the 92371 ZIP code?
The median list price in the 92371 ZIP code is $479,000 as of August 2026, based on 75 active listings.
Is the 92371 ZIP code a buyer's market or a seller's market?
The 92371 ZIP code currently reads as a balanced market. Active inventory works out to about 4.7 months of supply at the recent sales pace.
How fast do homes sell in the 92371 ZIP code?
The average home currently for sale in the 92371 ZIP code has been on the market for 33 days.
Are home prices in the 92371 ZIP code going up or down?
The median sale price in the 92371 ZIP code is down about 9.3% compared with a year ago.
How many homes are for sale in the 92371 ZIP code?
There are 75 homes for sale in the 92371 ZIP code right now, including 7 listed within the last week.