Is Mission, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Mission, CA

How much do homes in Mission, CA cost?

Median Sold Price

$1,250,000

$887/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Mission has remained the same since last year.

Summary: The median home sold price in Mission was $1,250,000 in November 2024, the same as last year, and the median price per square foot was $887.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $650K$700K
+7.7%
2 $1.0M$1.0M
+6.4%
3 $1.4M$1.5M
+10.4%
4 $2.0M$1.6M
-16.4%
5+ $1.6M$1.8M
+13.6%

Summary: Mission housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Neighborhoods

Central East
+3.5%
Hayes Valley / Lower Haight
+1.0%
Mission
0.0%
Mission Dolores
-1.3%

Housing Supply in Mission, CA

How many homes are available in Mission, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117110-6.0%

Summary: The Mission real estate market had 110 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2525
0.0%
2 4342
-2.3%
3 2420
-16.7%
4 109
-10.0%
5+ 1514
-6.7%

Summary: The Mission housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1424+71.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer54%46%

Key Takeaway

If you're buying a home in Mission, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Mission in November 2024, up by 71.4% month-over-month. Of the 24 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% 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

Nov 2023Nov 2024CHANGE
57 Days35 Days-38.5%

Summary: Homes in Mission had an average of 35 days on market in Nov 2024, down by 38.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times57%39%

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in Mission; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% 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 18 Days Ago

Newest Listings in Mission, CA

Nearby Markets to Mission, CA