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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, North was a Neutral Market.

Key Takeaway

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

Housing Prices in North, CA

How much do homes in North, CA cost?

Median Sold Price

$2,150,000

$1,200/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$100,000(+4.9%)

Key Takeaway

Homes in North have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in North was $2,150,000 in September 2024, up 4.9% from last year, and the median price per square foot was $1,200.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $893K$920K
+3.0%
2 $1.4M$1.5M
+6.6%
3 $2.4M$2.5M
+2.1%
4 $3.6M$4.0M
+11.1%
5+ $5.7M$4.9M
-15.2%

Summary: North housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 15.2%.

Median Sold Price Compared To Nearby Neighborhoods

Pacific Heights
+21.5%
Cow Hollow
+8.6%
North
+4.9%
The Marina
-4.4%

Housing Supply in North, CA

How many homes are available in North, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
138153+10.9%

Summary: The North real estate market had 153 homes for sale in September 2024, a 10.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2423
-4.2%
2 4750
+6.4%
3 2527
+8.0%
4 1319
+46.2%
5+ 2934
+17.2%

Summary: The North housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 17.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2128+33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in North in September 2024, up by 33.3% month-over-month. Of the 28 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for North, CA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days48 Days+111.6%

Summary: Homes in North had an average of 48 days on market in Sep 2024, up by 111.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 28 homes were sold in North; 61% of homes were sold within 30 days, 29% 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 17 Days Ago

Newest Listings in North, CA

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