$10,000 Closing Credit*
$1,149,990
1,150 SqFt
3 Beds
•2 Full Baths
Angelo Puente, Listing Office: Bridgeview Realty
Is Serra Mesa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Serra Mesa has remained a Seller's Market.
Key Takeaway
Serra Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Serra Mesa, CA
How much do homes in Serra Mesa, CA cost?
Median Sold Price
$999,000
$706/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+5.2%)
Key Takeaway
Homes in Serra Mesa have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Serra Mesa was $999,000 in November 2024, up 5.2% from last year, and the median price per square foot was $706.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | $455K | +16.4% |
| 2 Bedrooms | $538K | $590K | +9.7% |
| 3 Bedrooms | $970K | $1.0M | +5.9% |
| 4 Bedrooms | $999.9K | $1.0M | +8.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +5.1% |
Summary: Serra Mesa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
| StoneCrest Village | $979.5K | $1.4M | +42.9% |
| Serra Mesa | $950K | $999K | +5.2% |
Housing Supply in Serra Mesa, CA
How many homes are available in Serra Mesa, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 50 | -10.7% |
Summary: The Serra Mesa real estate market had 50 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 32 | 26 | -18.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Serra Mesa 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 remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Serra Mesa, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Serra Mesa in November 2024, the same as the previous month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Serra Mesa, CA
How long does it take to sell a home in Serra Mesa, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +12.0% |
Summary: Homes in Serra Mesa had an average of 24 days on market in Nov 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Serra Mesa are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Serra Mesa; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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.