$10,000 Closing Credit*
$1,596,000
2,230 SqFt
7 Beds
•2 Full Baths
#424080908, Burton Louie, Ken Go, Listing Office: KW Advisors
Is Financial District, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Financial District has remained a Buyer's Market.
Key Takeaway
Financial District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Financial District, CA
How much do homes in Financial District, CA cost?
Median Sold Price
$1,774,500
$1,105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$349,500(+24.5%)
Key Takeaway
Homes in Financial District have sold for 24.5% more than they did a year ago.
Summary: The median home sold price in Financial District was $1,774,500 in October 2024, up 24.5% from last year, and the median price per square foot was $1,105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $741.5K | $615K | -17.1% |
| 2 Bedrooms | $1.6M | $1.6M | -1.4% |
| 3 Bedrooms | $2.2M | $3.5M | +63.4% |
| 4 Bedrooms | - | $2.6M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Financial District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 63.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Financial District, CA
How many homes are available in Financial District, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 92 | +12.2% |
Summary: The Financial District real estate market had 92 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 31 | +6.9% |
| 2 Bedrooms | 34 | 42 | +23.5% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Financial District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Financial District, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Financial District in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Financial District, CA
How long does it take to sell a home in Financial District, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 105 Days | 74 Days | -29.5% |
Summary: Homes in Financial District had an average of 74 days on market in Oct 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Financial District are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Financial District; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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