$10,000 Closing Credit*
$1,650,000
3 Beds
•2 Full Baths
#424080758, Ron Wong, Jennifer Gottlieb, Listing Office: Compass
Is Sunset District, 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, Sunset District has remained a Seller's Market.
Key Takeaway
Sunset District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunset District, CA
How much do homes in Sunset District, CA cost?
Median Sold Price
$1,530,150
$994/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,150(+2.0%)
Key Takeaway
Homes in Sunset District have sold for 2% more than they did a year ago.
Summary: The median home sold price in Sunset District was $1,530,150 in October 2024, up 2% from last year, and the median price per square foot was $994.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $785K | $737K | -6.1% |
| 2 Bedrooms | $1.3M | $1.3M | 0.0% |
| 3 Bedrooms | $1.5M | $1.5M | +5.3% |
| 4 Bedrooms | $1.7M | $1.8M | +2.6% |
| 5+ Bedrooms | $1.9M | $1.9M | -1.3% |
Summary: Sunset District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Sunset | $1.5M | $1.6M | +6.0% |
| Sunset District | $1.5M | $1.5M | +2.0% |
| Central West | $1.5M | $1.5M | +2.0% |
Housing Supply in Sunset District, CA
How many homes are available in Sunset District, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 167 | 160 | -4.2% |
Summary: The Sunset District real estate market had 160 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 50 | 48 | -4.0% |
| 3 Bedrooms | 55 | 54 | -1.8% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 29 | 27 | -6.9% |
Summary: The Sunset District 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 4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 6.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 52 | +40.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset District, you could pay more than the asking price. 86.5% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in Sunset District in October 2024, up by 40.5% month-over-month. Of the 52 sold homes, 10% were sold under asking, 4% were sold at asking, and 87% were sold over asking.
Days on Market for Sunset District, CA
How long does it take to sell a home in Sunset District, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -26.3% |
Summary: Homes in Sunset District had an average of 18 days on market in Oct 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset District are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in Sunset District; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.