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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Leandro is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in San Leandro, CA

How much do homes in San Leandro, CA cost?

Median Sold Price

$837,000

$617/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+1.5%)

Key Takeaway

Homes in San Leandro have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in San Leandro was $837,000 in October 2024, up 1.5% from last year, and the median price per square foot was $617.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$358K
-0.6%
2 $680K$680K
0.0%
3 $838K$860K
+2.6%
4 $960K$1.0M
+4.7%
5+ $1.1M$1.0M
-0.9%

Summary: San Leandro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Hayward
+4.8%
San Leandro
+1.5%
Oakland
+0.9%

Housing Supply in San Leandro, CA

How many homes are available in San Leandro, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
153150-2.0%

Summary: The San Leandro real estate market had 150 homes for sale in October 2024, a 2.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 4641
-10.9%
3 7672
-5.3%
4 2123
+9.5%
5+ 812
+50.0%

Summary: The San Leandro 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 decreased by 10.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4843-10.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Leandro, you could pay more than the asking price. 65.9% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in San Leandro in October 2024, down by 10.4% month-over-month. Of the 41 sold homes, 24% were sold under asking, 10% were sold at asking, and 66% were sold over asking.

Days on Market for San Leandro, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days31 Days+65.7%

Summary: Homes in San Leandro had an average of 31 days on market in Oct 2024, up by 65.7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 43 homes were sold in San Leandro; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

Newest Listings in San Leandro, CA

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