$8,609 Closing Credit*
$725,000
614 SqFt
1 Bed
•1 Full Bath
#424084372, Michael R Brizzolara, Listing Office: March Properties
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 November 2023
Since last year, South of Market has remained a Buyer's 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
$950,000
$925/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,875(+5.2%)
Key Takeaway
Homes in South of Market have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in South of Market was $950,000 in November 2024, up 5.2% from last year, and the median price per square foot was $925.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $690K | -1.4% |
| 2 Bedrooms | $1.2M | $1.2M | -2.1% |
| 3 Bedrooms | $1.8M | $2.2M | +20.2% |
| 4 Bedrooms | $1.2M | $3.7M | +208.4% |
| 5+ Bedrooms | $1.1M | $1.3M | +22.7% |
Summary: South of Market housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 208.4%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Neighborhoods
| South of Market | $903.1K | $950K | +5.2% |
| South End Historic District | $1.3M | $1.2M | -1.0% |
| China Basin | $862.5K | $825K | -4.3% |
Housing Supply in South of Market, CA
How many homes are available in South of Market, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 232 | 223 | -3.9% |
Summary: The South of Market real estate market had 223 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 92 | 89 | -3.3% |
| 2 Bedrooms | 117 | 112 | -4.3% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South of Market housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in South of Market in November 2024, up by 11.1% month-over-month. Of the 30 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 87 Days | +2.0% |
Summary: Homes in South of Market had an average of 87 days on market in Nov 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South of Market are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in South of Market; 37% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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