$9,358 Closing Credit*
$788,000
928 SqFt
2 Beds
•2 Full Baths
Cathy Robles, Listing Office: American Lighthouse Estates Inc
Is South of Market, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South of Market was a Neutral Market.
Key Takeaway
South of Market is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South of Market, CA
How much do homes in South of Market, CA cost?
Median Sold Price
$922,333
$925/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,333(+0.3%)
Key Takeaway
The sold price of homes in South of Market has remained the same since last year.
Summary: The median home sold price in South of Market was $922,333 in October 2024, up 0.3% from last year, and the median price per square foot was $925.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $685K | -2.1% |
| 2 Bedrooms | $1.2M | $1.2M | -0.1% |
| 3 Bedrooms | $1.8M | $2.2M | +23.8% |
| 4 Bedrooms | $1.4M | $2.2M | +52.8% |
| 5+ Bedrooms | $1.1M | $2.2M | +102.3% |
Summary: South of Market housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 52.8%, and 5+ bedroom homes increased by 102.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South End Historic District | $1.2M | $1.2M | +3.6% |
| South of Market | $920K | $922.3K | 0.3% |
Housing Supply in South of Market, CA
How many homes are available in South of Market, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 236 | 238 | +0.8% |
Summary: The South of Market real estate market had 238 homes for sale in October 2024, a 0.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 106 | 105 | -0.9% |
| 2 Bedrooms | 109 | 112 | +2.8% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The South of Market housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South of Market, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in South of Market in October 2024, the same as the previous month. Of the 27 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for South of Market, CA
How long does it take to sell a home in South of Market, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 60 Days | +32.6% |
Summary: Homes in South of Market had an average of 60 days on market in Oct 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South of Market has remained consistent over time.
Summary: During October 2024, 27 homes were sold in South of Market; 30% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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