$10,000 Closing Credit*
$1,450,888
Jim Majeski, Listing Office: Premier Realty Associates
Is North Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, North Park has remained a Seller's Market.
Key Takeaway
North Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Park, CA
How much do homes in North Park, CA cost?
Median Sold Price
$878,000
$849/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,389(+15.0%)
Key Takeaway
Homes in North Park have sold for 15% more than they did a year ago.
Summary: The median home sold price in North Park was $878,000 in November 2024, up 15% from last year, and the median price per square foot was $849.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $449.5K | $467.5K | +4.0% |
| 2 Bedrooms | $716K | $720K | +0.6% |
| 3 Bedrooms | $1.2M | $1.3M | +6.1% |
| 4 Bedrooms | $1.4M | $1.4M | +3.6% |
| 5+ Bedrooms | $1.8M | $2.2M | +23.6% |
Summary: North Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 23.6%.
Housing Supply in North Park, CA
How many homes are available in North Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 80 | -14.9% |
Summary: The North Park real estate market had 80 homes for sale in November 2024, a 14.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 47 | 32 | -31.9% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 31.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Park, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in North Park in November 2024, down by 30.8% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for North Park, CA
How long does it take to sell a home in North Park, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +20.9% |
Summary: Homes in North Park had an average of 22 days on market in Nov 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in North Park; 72% of homes were sold within 30 days, 28% 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.