$10,000 Closing Credit*
$1,200,000
940 SqFt
2 Beds
•3 Full Baths
#424074573, Cheryl A Bower, Listing Office: Compass
Is Portrero Hill, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Portrero Hill was a Seller's Market.
Key Takeaway
Portrero Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Portrero Hill, CA
How much do homes in Portrero Hill, CA cost?
Median Sold Price
$1,225,250
$1,053/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$27,250(-2.2%)
Key Takeaway
Homes in Portrero Hill have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Portrero Hill was $1,225,250 in September 2024, down 2.2% from last year, and the median price per square foot was $1,053.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $847K | $865K | +2.1% |
| 2 Bedrooms | $1.1M | $1.1M | -4.4% |
| 3 Bedrooms | $1.6M | $1.4M | -13.0% |
| 4 Bedrooms | $2.2M | $1.9M | -16.3% |
| 5+ Bedrooms | $2.0M | $2.9M | +45.1% |
Summary: Portrero Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Dogpatch | $1.0M | $1.1M | +12.0% |
| Central East | $1.1M | $1.1M | +4.2% |
| Portrero Hill | $1.2M | $1.2M | -2.2% |
Housing Supply in Portrero Hill, CA
How many homes are available in Portrero Hill, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Summary: The Portrero Hill real estate market had 82 homes for sale in September 2024, a 13.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 28 | +12.0% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Portrero Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portrero Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Portrero Hill in September 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Portrero Hill, CA
How long does it take to sell a home in Portrero Hill, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 26 Days | -39.9% |
Summary: Homes in Portrero Hill had an average of 26 days on market in Sep 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portrero Hill are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Portrero Hill; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.