$118,000
0.21 Acres
Land
Jeffrey Yao, Listing Office: Ameriway Realty
Is Northeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,267,500
$961/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,750(+6.8%)
Key Takeaway
Homes in Northeast have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Northeast was $1,267,500 in November 2024, up 6.8% from last year, and the median price per square foot was $961.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $712.5K | $697K | -2.2% |
| 2 Bedrooms | $1.1M | $1.2M | +5.2% |
| 3 Bedrooms | $1.8M | $2.2M | +21.7% |
| 4 Bedrooms | $2.2M | $2.2M | +2.9% |
| 5+ Bedrooms | $2.4M | $2.2M | -9.0% |
Summary: Northeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Neighborhoods
| Telegraph Hill | $1.0M | $1.4M | +32.6% |
| Nob Hill | $1.0M | $1.1M | +11.2% |
| Northeast | $1.1M | $1.2M | +6.8% |
Housing Supply in Northeast, CA
How many homes are available in Northeast, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 305 | 284 | -6.9% |
Summary: The Northeast real estate market had 284 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 88 | 84 | -4.5% |
| 2 Bedrooms | 127 | 122 | -3.9% |
| 3 Bedrooms | 45 | 41 | -8.9% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 33 | 27 | -18.2% |
Summary: The Northeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 31 | -31.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Northeast in November 2024, down by 31.1% month-over-month. Of the 31 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 74 Days | 82 Days | +10.5% |
Summary: Homes in Northeast had an average of 82 days on market in Nov 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northeast has remained consistent over time.
Summary: During November 2024, 31 homes were sold in Northeast; 19% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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