Is Outer Mission, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Outer Mission is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Outer Mission has remained a Seller's Market.

Key Takeaway

Outer Mission is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Outer Mission, CA

How much do homes in Outer Mission, CA cost?

Median Sold Price

$1,289,000

$858/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$36,500(+2.9%)

Key Takeaway

Homes in Outer Mission have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Outer Mission was $1,289,000 in September 2024, up 2.9% from last year, and the median price per square foot was $858.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $664.5K$715.3K
+7.7%
2 $1.1M$1.2M
+6.4%
3 $1.3M$1.3M
+1.5%
4 $1.4M$1.6M
+10.4%
5+ $1.3M$1.3M
+0.7%

Summary: Outer Mission housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Neighborhoods

Sunnyside
+9.6%
Outer Mission
+2.9%

Housing Supply in Outer Mission, CA

How many homes are available in Outer Mission, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3937-5.1%

Summary: The Outer Mission real estate market had 37 homes for sale in September 2024, a 5.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 1110
-9.1%
3 1313
0.0%
4 76
-14.3%
5+ 78
+14.3%

Summary: The Outer Mission housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Outer Mission, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Outer Mission in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.

Days on Market for Outer Mission, CA

How long does it take to sell a home in Outer Mission, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days17 Days-41.3%

Summary: Homes in Outer Mission had an average of 17 days on market in Sep 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Outer Mission are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Outer Mission; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Outer Mission, CA

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