$3,200,000
1,605 SqFt
2 Beds
•2 Full Baths, 1 Partial
#424080095, Nina Hatvany, Vanessa H Kitchen, Listing Office: Compass
Is Financial District South, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Financial District South was a Neutral Market.
Key Takeaway
Financial District South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Financial District South, CA
How much do homes in Financial District South, CA cost?
Median Sold Price
$1,600,000
$993/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$410,000(+34.5%)
Key Takeaway
Homes in Financial District South have sold for 34.5% more than they did a year ago.
Summary: The median home sold price in Financial District South was $1,600,000 in October 2024, up 34.5% from last year, and the median price per square foot was $993.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $734K | $654.5K | -10.8% |
| 2 Bedrooms | $1.6M | $1.6M | +1.9% |
| 3 Bedrooms | $2.2M | $3.4M | +55.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Financial District South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 55.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Financial District South | $1.1M | $1.6M | +34.5% |
| Rincon Hill | $1.1M | $1.3M | +13.0% |
Housing Supply in Financial District South, CA
How many homes are available in Financial District South, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 58 | +11.5% |
Summary: The Financial District South real estate market had 58 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Financial District South housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 14.3%, 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 |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 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 South, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Financial District South in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Financial District South, CA
How long does it take to sell a home in Financial District South, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 40 Days | -47.4% |
Summary: Homes in Financial District South had an average of 40 days on market in Oct 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Financial District South are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Financial District South; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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