Is The Northeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, The Northeast has remained a Seller's Market.
Key Takeaway
The Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Northeast, CA
How much do homes in The Northeast, CA cost?
Median Sold Price
$367,500
$194/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in The Northeast have sold for 48.2% more than they did a month ago.
Summary: The median home sold price in The Northeast was $367,500 in May 2024, up 48.2% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $231.5K | $190K | -17.9% |
| 3 Bedrooms | $296K | $367.5K | +24.2% |
| 4 Bedrooms | $287.5K | $321.7K | +11.9% |
| 5+ Bedrooms | - | $385.9K | N/A |
Summary: The Northeast housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Hillcrest | $215K | $370K | +72.1% |
| The Northeast | $248K | $367.5K | +48.2% |
| La Cresta / Alta Vista | $261.2K | $325K | +24.4% |
| College Heights | $248K | $221K | -10.9% |
Housing Supply in The Northeast, CA
How many homes are available in The Northeast, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 39 | -13.3% |
Summary: The The Northeast real estate market had 39 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 25 | 20 | -20.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The The Northeast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Northeast, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in The Northeast in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for The Northeast, CA
How long does it take to sell a home in The Northeast, CA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 20 Days | -19.9% |
Summary: Homes in The Northeast had an average of 20 days on market in May 2024, down by 19.9% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Northeast are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in The Northeast; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.