$10,000 Closing Credit*
$1,950,000
1,825 SqFt
3 Beds
•3 Full Baths, 1 Partial
#424083848, Butch Haze, Listing Office: Compass
Is Western Addition, 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, Western Addition has remained a Seller's Market.
Key Takeaway
Western Addition is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Western Addition, CA
How much do homes in Western Addition, CA cost?
Median Sold Price
$1,151,666
$926/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$98,333(-7.9%)
Key Takeaway
Homes in Western Addition have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Western Addition was $1,151,666 in November 2024, down 7.9% from last year, and the median price per square foot was $926.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $695K | $690K | -0.7% |
| 2 Bedrooms | $1.1M | $1.1M | -2.2% |
| 3 Bedrooms | $1.4M | $1.3M | -12.0% |
| 4 Bedrooms | $1.7M | $2.5M | +48.6% |
| 5+ Bedrooms | $2.7M | $2.5M | -7.2% |
Summary: Western Addition housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hayes Valley / Lower Haight | $1.2M | $1.3M | +1.0% |
| Western Addition | $1.2M | $1.1M | -7.9% |
| Central North | $1.2M | $1.1M | -7.9% |
Housing Supply in Western Addition, CA
How many homes are available in Western Addition, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 94 | -19.0% |
Summary: The Western Addition real estate market had 94 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 23 | -23.3% |
| 2 Bedrooms | 51 | 41 | -19.6% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Western Addition housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.3%, 2 bedroom homes decreased by 19.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western Addition, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Western Addition in November 2024, up by 8.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for Western Addition, CA
How long does it take to sell a home in Western Addition, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 64 Days | -6.6% |
Summary: Homes in Western Addition had an average of 64 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Western Addition has remained consistent over time.
Summary: During November 2024, 27 homes were sold in Western Addition; 30% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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