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 October 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 October 2023

+$65,000(+3.2%)

Key Takeaway

Homes in San Carlos have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in San Carlos was $2,100,000 in October 2024, up 3.2% from last year, and the median price per square foot was $1,224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $785K$905K
+15.3%
2 $1.3M$1.4M
+12.2%
3 $2.0M$2.0M
+3.1%
4 $2.6M$2.7M
+2.1%
5+ $3.1M$3.5M
+11.5%

Summary: San Carlos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.5%.

Median Sold Price Compared To Nearby Cities

Belmont
+12.1%
San Carlos
+3.2%
Redwood City
-2.0%

Housing Supply in San Carlos, CA

How many homes are available in San Carlos, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7685+11.8%

Summary: The San Carlos real estate market had 85 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2223
+4.5%
3 2932
+10.3%
4 1923
+21.1%
5+ 34
+33.3%

Summary: The San Carlos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2036+80.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

18 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. 51.4% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in San Carlos in October 2024, up by 80.0% month-over-month. Of the 35 sold homes, 34% were sold under asking, 14% were sold at asking, and 51% 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

Oct 2023Oct 2024CHANGE
16 Days17 Days+3.4%

Summary: Homes in San Carlos had an average of 17 days on market in Oct 2024, up by 3.4% compared to last year.

Breakdown of Home Sale Times

30 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 October 2024, 36 homes were sold in San Carlos; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in San Carlos, CA

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