$10,000 Closing Credit*
$988,000
1,478 SqFt
2 Beds
•1 Full Bath
#424103794, Tanya Bolshakoff, 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 November 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
$1,531,333
$989/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,333(+2.1%)
Key Takeaway
Homes in Sunset District have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Sunset District was $1,531,333 in November 2024, up 2.1% from last year, and the median price per square foot was $989.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $810K | $737K | -9.0% |
| 2 Bedrooms | $1.3M | $1.3M | +2.6% |
| 3 Bedrooms | $1.5M | $1.5M | +5.3% |
| 4 Bedrooms | $1.7M | $1.8M | +4.5% |
| 5+ Bedrooms | $1.9M | $1.8M | -2.4% |
Summary: Sunset District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Sunset | $1.5M | $1.5M | +4.9% |
| Sunset District | $1.5M | $1.5M | +2.1% |
| Central West | $1.5M | $1.5M | +2.0% |
| Inner Parkside | $1.7M | $1.7M | 0.5% |
Housing Supply in Sunset District, CA
How many homes are available in Sunset District, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 113 | -30.2% |
Summary: The Sunset District real estate market had 113 homes for sale in November 2024, a 30.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 48 | 32 | -33.3% |
| 3 Bedrooms | 60 | 43 | -28.3% |
| 4 Bedrooms | 30 | 20 | -33.3% |
| 5+ Bedrooms | 21 | 16 | -23.8% |
Summary: The Sunset District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 28.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 23.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 55 | -1.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset District, you could pay more than the asking price. 70.9% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Sunset District in November 2024, down by 1.8% month-over-month. Of the 55 sold homes, 24% were sold under asking, 5% were sold at asking, and 71% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +43.4% |
Summary: Homes in Sunset District had an average of 30 days on market in Nov 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sunset District are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 55 homes were sold in Sunset District; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 2% 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.