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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Noleta is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Noleta, CA

How much do homes in Noleta, CA cost?

Median Sold Price

$1,467,500

$894/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$95,000(+6.9%)

Key Takeaway

Homes in Noleta have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Noleta was $1,467,500 in October 2024, up 6.9% from last year, and the median price per square foot was $894.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $705K-
N/A
2 $880K$987.5K
+12.2%
3 $1.3M$1.4M
+8.9%
4 $1.5M$1.5M
+2.5%
5+ $1.9M$2.6M
+36.5%

Summary: Noleta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 36.5%.

Housing Supply in Noleta, CA

How many homes are available in Noleta, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2930+3.4%

Summary: The Noleta real estate market had 30 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1210
-16.7%
4 811
+37.5%
5+ 64
-33.3%

Summary: The Noleta 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 increased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Noleta, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Noleta in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 0% were sold at asking, and 62% were sold over asking.

Days on Market for Noleta, CA

How long does it take to sell a home in Noleta, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days16 Days+182.1%

Summary: Homes in Noleta had an average of 16 days on market in Oct 2024, up by 182.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Noleta; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

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