$8,776 Closing Credit*
$739,000
780 SqFt
2 Beds
•1 Full Bath
Travis Kelly, Listing Office: Pinnacle Realty Advisors
Is Southeast, 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, 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.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Southeast has remained the same since last year.
Summary: The median home sold price in Southeast was $1,100,000 in November 2024, the same as last year, and the median price per square foot was $757.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $534.5K | $570K | +6.6% |
| 2 Bedrooms | $921.9K | $953.8K | +3.5% |
| 3 Bedrooms | $1.1M | $1.1M | -1.1% |
| 4 Bedrooms | $1.2M | $1.2M | -0.6% |
| 5+ Bedrooms | $1.3M | $1.4M | 0.1% |
Summary: Southeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Excelsior | $1.1M | $1.1M | +3.0% |
| University Mound | $1.2M | $1.3M | +1.4% |
| Southeast | $1.1M | $1.1M | 0.0% |
| Visitacion Valley | $1.0M | $985K | -4.4% |
Housing Supply in Southeast, CA
How many homes are available in Southeast, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 230 | 199 | -13.5% |
Summary: The Southeast real estate market had 199 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 13 | -23.5% |
| 2 Bedrooms | 76 | 68 | -10.5% |
| 3 Bedrooms | 88 | 72 | -18.2% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Southeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Southeast in November 2024, down by 3.6% month-over-month. Of the 52 sold homes, 33% were sold under asking, 12% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 42 Days | +11.6% |
Summary: Homes in Southeast had an average of 42 days on market in Nov 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 53 homes were sold in Southeast; 51% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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