$10,000 Closing Credit*
$1,650,000
4,800 SqFt
12 Beds
•4 Full Baths
#424070541, Matthew J Healy, Willem Bos, Listing Office: Compass Commercial
Is Mission, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,240,000
$886/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$2,000(+0.2%)
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 $1,240,000 in September 2024, up 0.2% from last year, and the median price per square foot was $886.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $680K | $651K | -4.3% |
| 2 Bedrooms | $1.0M | $1.0M | 0.5% |
| 3 Bedrooms | $1.4M | $1.5M | +9.0% |
| 4 Bedrooms | $1.9M | $1.7M | -11.8% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.8% |
Summary: Mission housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Central East | $1.1M | $1.1M | +4.2% |
| Mission | $1.2M | $1.2M | 0.2% |
| Hayes Valley / Lower Haight | $1.3M | $1.2M | -0.6% |
Housing Supply in Mission, CA
How many homes are available in Mission, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 112 | 117 | +4.5% |
Summary: The Mission real estate market had 117 homes for sale in September 2024, a 4.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 22 | -8.3% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Mission housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 11 | -54.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mission, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mission in September 2024, down by 54.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 76 Days | 28 Days | -62.3% |
Summary: Homes in Mission had an average of 28 days on market in Sep 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
7 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 September 2024, 11 homes were sold in Mission; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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