Housing Prices in South Area, CA

How much do homes in South Area, CA cost?

Median List Price

$379,000

$298/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$21,000(-5.3%)

Key Takeaway

The list price of homes in South Area has decreased by 5.2% since October.

Summary: The median home list price in South Area was $379,000 in November 2024, down 5.3% from the previous month, and the median price per square foot was $298.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $327K$327K
0.0%
3 $378.5K$369K
-2.5%
4 $439K$475K
+8.2%
5+ $629K$678.6K
+7.9%

Summary: South Area housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.9%.

Median List Price Compared To Nearby Neighborhoods

Parkway
+22.6%
Detroit Neighborhood Association
+16.8%
South Area
-5.3%

Housing Supply in South Area, CA

How many homes are available in South Area, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2629+11.5%

Summary: The South Area real estate market had 29 homes for sale in November 2024, a 11.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1416
+14.3%
4 55
0.0%
5+ 32
-33.3%

Summary: The South Area 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 increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Days on Market for South Area, CA

How long does it take to sell a home in South Area, CA?

Average Listing Age

Oct 2024Nov 2024CHANGE
109 Days98 Days-10.1%

Summary: Homes in South Area had an average listing age of 98 days in Nov 2024, down by 10.1% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in South Area, CA

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