$10,000 Closing Credit*
$915,000
1,033 SqFt
2 Beds
•2 Full Baths
#424077473, Gail Y Grendahl, Ren O Grendahl, Listing Office: Compass
Is Northeast, 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, Northeast was a Seller's Market.
Key Takeaway
Northeast is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeast, CA
How much do homes in Northeast, CA cost?
Median Sold Price
$1,260,000
$958/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+8.2%)
Key Takeaway
Homes in Northeast have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Northeast was $1,260,000 in October 2024, up 8.2% from last year, and the median price per square foot was $958.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $687.5K | -4.5% |
| 2 Bedrooms | $1.1M | $1.2M | +4.6% |
| 3 Bedrooms | $1.7M | $2.1M | +28.7% |
| 4 Bedrooms | $2.3M | $2.3M | 0.2% |
| 5+ Bedrooms | $2.4M | $2.2M | -9.5% |
Summary: Northeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Telegraph Hill | $1.1M | $1.2M | +16.8% |
| Nob Hill | $1.0M | $1.1M | +9.1% |
| Northeast | $1.1M | $1.2M | +8.2% |
| Chinatown | $995K | $675K | -32.2% |
Housing Supply in Northeast, CA
How many homes are available in Northeast, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 309 | 327 | +5.8% |
Summary: The Northeast real estate market had 327 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 91 | 99 | +8.8% |
| 2 Bedrooms | 123 | 130 | +5.7% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Northeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 39 | +77.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Northeast in October 2024, up by 77.3% month-over-month. Of the 39 sold homes, 49% were sold under asking, 18% were sold at asking, and 33% were sold over asking.
Days on Market for Northeast, CA
How long does it take to sell a home in Northeast, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 76 Days | +23.2% |
Summary: Homes in Northeast had an average of 76 days on market in Oct 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Northeast; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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