$2,550,000
2,992 SqFt
5 Beds
•5 Full Baths, 1 Partial
Jing Zhao, Listing Office: Sunrise Investment International
Is North City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, North City was a Seller's Market.
Key Takeaway
North City 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 City, CA
How much do homes in North City, CA cost?
Median Sold Price
$2,408,888
$830/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$341,388(+16.5%)
Key Takeaway
Homes in North City have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in North City was $2,408,888 in October 2024, up 16.5% from last year, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $467K | 0.4% |
| 2 Bedrooms | $615K | $622.5K | +1.2% |
| 3 Bedrooms | $1.8M | $1.5M | -12.3% |
| 4 Bedrooms | $2.0M | $2.4M | +21.3% |
| 5+ Bedrooms | $2.4M | $3.2M | +32.0% |
Summary: North City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 32%.
Median Sold Price Compared To Nearby Neighborhoods
| North City | $2.0M | $2.4M | +16.5% |
| Pacific Highlands Ranch | $1.9M | $2.1M | +10.8% |
Housing Supply in North City, CA
How many homes are available in North City, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Summary: The North City real estate market had 38 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The North City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North City in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for North City, CA
How long does it take to sell a home in North City, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +4.5% |
Summary: Homes in North City had an average of 25 days on market in Oct 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in North City; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.