$10,000 Closing Credit*
$875,000
1,102 SqFt
2 Beds
•2 Full Baths
Sandy Collins, Listing Office: Willis Allen Real Estate
Is University City, 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, University City has remained a Seller's Market.
Key Takeaway
University City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University City, CA
How much do homes in University City, CA cost?
Median Sold Price
$896,500
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,833(+10.5%)
Key Takeaway
Homes in University City have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in University City was $896,500 in October 2024, up 10.5% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $549.5K | +3.7% |
| 2 Bedrooms | $751.5K | $785K | +4.5% |
| 3 Bedrooms | $1.2M | $1.3M | +7.7% |
| 4 Bedrooms | $1.4M | $1.6M | +15.7% |
| 5+ Bedrooms | $1.5M | $1.6M | +3.4% |
Summary: University City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Neighborhoods
| University City | $811.6K | $896.5K | +10.5% |
| La Jolla Village | $845K | $853.5K | +1.0% |
Housing Supply in University City, CA
How many homes are available in University City, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 97 | +1.0% |
Summary: The University City real estate market had 97 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 17 | -15.0% |
| 2 Bedrooms | 28 | 34 | +21.4% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The University City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University City, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in University City in October 2024, up by 21.7% month-over-month. Of the 28 sold homes, 54% were sold under asking, 11% were sold at asking, and 36% were sold over asking.
Days on Market for University City, CA
How long does it take to sell a home in University City, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -18.6% |
Summary: Homes in University City had an average of 18 days on market in Oct 2024, down by 18.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in University City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in University City; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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.