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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Beach is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North Beach was a Buyer's Market.

Key Takeaway

North Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Beach, CA

How much do homes in North Beach, CA cost?

Median Sold Price

$1,200,000

$930/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$125,000(+11.6%)

Key Takeaway

Homes in North Beach have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in North Beach was $1,200,000 in October 2024, up 11.6% from last year, and the median price per square foot was $930.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $795K$667.5K
-16.0%
2 $1.1M$1.2M
+9.1%
3 $1.5M$2.3M
+48.4%
4 $3.6M$1.9M
-45.8%
5+ $1.8M$2.8M
+54.9%

Summary: North Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 48.4%, 4 bedroom homes decreased by 45.8%, and 5+ bedroom homes increased by 54.9%.

Median Sold Price Compared To Nearby Neighborhoods

Telegraph Hill
+16.8%
North Beach
+11.6%
Northeast
+8.2%

Housing Supply in North Beach, CA

How many homes are available in North Beach, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3332-3.0%

Summary: The North Beach real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 109
-10.0%
3 34
+33.3%
4 44
0.0%
5+ 76
-14.3%

Summary: The North Beach 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 decreased by 10%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Beach, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in North Beach in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for North Beach, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days64 Days-17.2%

Summary: Homes in North Beach had an average of 64 days on market in Oct 2024, down by 17.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 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 Beach are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in North Beach; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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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