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 November 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

$840,708

$623/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,708(+1.9%)

Key Takeaway

Homes in San Leandro have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in San Leandro was $840,708 in November 2024, up 1.9% from last year, and the median price per square foot was $623.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $360K$339K
-5.8%
2 $681.5K$680K
-0.2%
3 $838K$866K
+3.3%
4 $955K$999K
+4.6%
5+ $1.1M$1.0M
-2.7%

Summary: San Leandro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Hayward
+4.8%
San Leandro
+1.9%
Oakland
0%

Housing Supply in San Leandro, CA

How many homes are available in San Leandro, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
147129-12.2%

Summary: The San Leandro real estate market had 129 homes for sale in November 2024, a 12.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 4441
-6.8%
3 6854
-20.6%
4 2321
-8.7%
5+ 1011
+10.0%

Summary: The San Leandro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4538-15.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

23 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. 65.7% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in San Leandro in November 2024, down by 15.6% month-over-month. Of the 35 sold homes, 31% were sold under asking, 3% 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

Nov 2023Nov 2024CHANGE
15 Days30 Days+95.8%

Summary: Homes in San Leandro had an average of 30 days on market in Nov 2024, up by 95.8% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 38 homes were sold in San Leandro; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in San Leandro, CA

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