$10,000 Closing Credit*
$1,990,000
1,280 SqFt
3 Beds
•1 Full Bath
#424051637, MaryAnne Villamil, Listing Office: Kinetic Real Estate
Is Central, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Central has remained a Seller's Market.
Key Takeaway
Central is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central, CA
How much do homes in Central, CA cost?
Median Sold Price
$1,808,333
$1,100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$149,166(+9.0%)
Key Takeaway
Homes in Central have sold for 9% more than they did a year ago.
Summary: The median home sold price in Central was $1,808,333 in November 2024, up 9% from last year, and the median price per square foot was $1,100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $770K | $760K | -1.3% |
| 2 Bedrooms | $1.3M | $1.3M | +2.1% |
| 3 Bedrooms | $1.8M | $1.9M | +3.0% |
| 4 Bedrooms | $2.5M | $2.7M | +10.8% |
| 5+ Bedrooms | $2.3M | $2.7M | +19.6% |
Summary: Central housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Noe Valley | $1.8M | $2.1M | +16.8% |
| Central | $1.6M | $1.8M | +9.0% |
Housing Supply in Central, CA
How many homes are available in Central, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 230 | 159 | -30.9% |
Summary: The Central real estate market had 159 homes for sale in November 2024, a 30.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 17 | -15.0% |
| 2 Bedrooms | 47 | 27 | -42.6% |
| 3 Bedrooms | 69 | 44 | -36.2% |
| 4 Bedrooms | 53 | 39 | -26.4% |
| 5+ Bedrooms | 41 | 32 | -22.0% |
Summary: The Central housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes decreased by 42.6%, 3 bedroom homes decreased by 36.2%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes decreased by 22%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 47 | -42.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Central in November 2024, down by 42.0% month-over-month. Of the 47 sold homes, 43% were sold under asking, 4% were sold at asking, and 53% were sold over asking.
Days on Market for Central, CA
How long does it take to sell a home in Central, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -1.9% |
Summary: Homes in Central had an average of 33 days on market in Nov 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 47 homes were sold in Central; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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