Is Hayes Valley / Lower Haight, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayes Valley / Lower Haight is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hayes Valley / Lower Haight was a Seller's Market.

Key Takeaway

Hayes Valley / Lower Haight is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hayes Valley / Lower Haight, CA

How much do homes in Hayes Valley / Lower Haight, CA cost?

Median Sold Price

$1,285,000

$990/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.2%)

Key Takeaway

The sold price of homes in Hayes Valley / Lower Haight has remained the same since last year.

Summary: The median home sold price in Hayes Valley / Lower Haight was $1,285,000 in October 2024, down 0.2% from last year, and the median price per square foot was $990.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $710K$720K
+1.4%
2 $1.2M$1.2M
+3.1%
3 $1.4M$1.3M
-8.6%
4 $1.5M$2.0M
+31.2%
5+ $2.3M$2.3M
0.0%

Summary: Hayes Valley / Lower Haight housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Hayes Valley / Lower Haight
-0.2%
Mission Dolores
-7.5%
Central North
-9.1%

Housing Supply in Hayes Valley / Lower Haight, CA

How many homes are available in Hayes Valley / Lower Haight, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4344+2.3%

Summary: The Hayes Valley / Lower Haight real estate market had 44 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 2321
-8.7%
3 54
-20.0%
4 13
+200.0%
5+ 57
+40.0%

Summary: The Hayes Valley / Lower Haight housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayes Valley / Lower Haight, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hayes Valley / Lower Haight in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Hayes Valley / Lower Haight, CA

How long does it take to sell a home in Hayes Valley / Lower Haight, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days15 Days-71.0%

Summary: Homes in Hayes Valley / Lower Haight had an average of 15 days on market in Oct 2024, down by 71% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hayes Valley / Lower Haight are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Hayes Valley / Lower Haight; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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