$833,000
0.06 Acres
Land
#424080648, Tal Klein, Listing Office: Rivet Real Estate
Is Mission, 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, Mission was a Seller's Market.
Key Takeaway
Mission is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mission, CA
How much do homes in Mission, CA cost?
Median Sold Price
$1,225,000
$887/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-2.0%)
Key Takeaway
Homes in Mission have sold for 2% less than they did a year ago.
Summary: The median home sold price in Mission was $1,225,000 in October 2024, down 2% from last year, and the median price per square foot was $887.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $624K | $674K | +8.0% |
| 2 Bedrooms | $1.0M | $1.0M | -0.5% |
| 3 Bedrooms | $1.4M | $1.5M | +10.2% |
| 4 Bedrooms | $2.0M | $1.7M | -15.1% |
| 5+ Bedrooms | $1.6M | $1.8M | +13.0% |
Summary: Mission housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Central East | $1.1M | $1.1M | +4.1% |
| Hayes Valley / Lower Haight | $1.2M | $1.2M | -0.2% |
| Mission | $1.2M | $1.2M | -2.0% |
| Mission Dolores | $1.3M | $1.2M | -7.5% |
Housing Supply in Mission, CA
How many homes are available in Mission, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 136 | +8.8% |
Summary: The Mission real estate market had 136 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 28 | +16.7% |
| 2 Bedrooms | 43 | 44 | +2.3% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Mission housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mission, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Mission in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Mission, CA
How long does it take to sell a home in Mission, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -47.7% |
Summary: Homes in Mission had an average of 22 days on market in Oct 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mission are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Mission; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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