Is Daly City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Daly City is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Daly City has remained a Seller's Market.

Key Takeaway

Daly City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Daly City, CA

How much do homes in Daly City, CA cost?

Median Sold Price

$1,146,666

$770/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,666(+2.4%)

Key Takeaway

Homes in Daly City have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Daly City was $1,146,666 in October 2024, up 2.4% from last year, and the median price per square foot was $770.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $505K$500K
-1.0%
2 $892.5K$820K
-8.1%
3 $1.1M$1.1M
+3.9%
4 $1.2M$1.2M
+3.2%
5+ $1.4M$1.5M
+7.7%

Summary: Daly City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

South San Francisco
+7.5%
Brisbane
+5.1%
Daly City
+2.4%
San Francisco
+1.5%

Housing Supply in Daly City, CA

How many homes are available in Daly City, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11698-15.5%

Summary: The Daly City real estate market had 98 homes for sale in October 2024, a 15.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 119
-18.2%
2 2926
-10.3%
3 4340
-7.0%
4 1812
-33.3%
5+ 1511
-26.7%

Summary: The Daly City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 26.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3934-12.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Daly City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Daly City in October 2024, down by 12.8% month-over-month. Of the 30 sold homes, 30% were sold under asking, 3% were sold at asking, and 67% were sold over asking.

Days on Market for Daly City, CA

How long does it take to sell a home in Daly City, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days33 Days+92.5%

Summary: Homes in Daly City had an average of 33 days on market in Oct 2024, up by 92.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Daly City are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in Daly City; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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