Is San Carlos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Carlos is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, San Carlos has remained a Seller's Market.

Key Takeaway

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

Housing Prices in San Carlos, CA

How much do homes in San Carlos, CA cost?

Median Sold Price

$2,100,000

$1,224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,000(+3.5%)

Key Takeaway

Homes in San Carlos have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in San Carlos was $2,100,000 in November 2024, up 3.5% from last year, and the median price per square foot was $1,224.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $790K$885K
+12.0%
2 $1.3M$1.4M
+12.2%
3 $2.0M$2.1M
+3.8%
4 $2.6M$2.7M
+2.6%
5+ $3.1M$3.5M
+12.8%

Summary: San Carlos housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Belmont
+10.9%
San Carlos
+3.5%
Redwood City
-5.1%

Housing Supply in San Carlos, CA

How many homes are available in San Carlos, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8060-25.0%

Summary: The San Carlos real estate market had 60 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2017
-15.0%
3 3121
-32.3%
4 2318
-21.7%
5+ 43
-25.0%

Summary: The San Carlos housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 32.3%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3627-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Carlos, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in San Carlos in November 2024, down by 25.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for San Carlos, CA

How long does it take to sell a home in San Carlos, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days23 Days-1.7%

Summary: Homes in San Carlos had an average of 23 days on market in Nov 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 27 homes were sold in San Carlos; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% 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 22 Days Ago

Newest Listings in San Carlos, CA

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