$10,000 Closing Credit*
$988,000
1,370 SqFt
4 Beds
•2 Full Baths
#424079900, Alex Klonsky, Charlie Brown, Listing Office: Kinoko
Is Southeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Southeast has remained a Seller's Market.
Key Takeaway
Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast, CA
How much do homes in Southeast, CA cost?
Median Sold Price
$1,100,000
$757/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,375(+1.1%)
Key Takeaway
Homes in Southeast have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Southeast was $1,100,000 in October 2024, up 1.1% from last year, and the median price per square foot was $757.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $549K | $570K | +3.8% |
| 2 Bedrooms | $930K | $955K | +2.7% |
| 3 Bedrooms | $1.1M | $1.1M | +1.9% |
| 4 Bedrooms | $1.2M | $1.2M | 0.0% |
| 5+ Bedrooms | $1.4M | $1.4M | 0.0% |
Summary: Southeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University Mound | $1.2M | $1.3M | +8.9% |
| Visitacion Valley | $1.0M | $1.0M | +2.5% |
| Excelsior | $1.1M | $1.1M | +1.2% |
| Southeast | $1.0M | $1.1M | +1.1% |
Housing Supply in Southeast, CA
How many homes are available in Southeast, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 226 | -0.4% |
Summary: The Southeast real estate market had 226 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 75 | 70 | -6.7% |
| 3 Bedrooms | 77 | 90 | +16.9% |
| 4 Bedrooms | 35 | 30 | -14.3% |
| 5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The Southeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you could pay more than the asking price. 79.6% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Southeast in October 2024, up by 16.7% month-over-month. Of the 49 sold homes, 12% were sold under asking, 8% were sold at asking, and 80% were sold over asking.
Days on Market for Southeast, CA
How long does it take to sell a home in Southeast, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +14.7% |
Summary: Homes in Southeast had an average of 27 days on market in Oct 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 49 homes were sold in Southeast; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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