$10,000 Closing Credit*
$1,250,000
2,106 SqFt
4 Beds
#424074485, Dylan Hunter, 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 September 2023
At the same time last year, Western Addition was a Seller's Market.
Key Takeaway
Western Addition is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Western Addition, CA
How much do homes in Western Addition, CA cost?
Median Sold Price
$1,170,000
$923/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$55,000(-4.5%)
Key Takeaway
Homes in Western Addition have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Western Addition was $1,170,000 in September 2024, down 4.5% from last year, and the median price per square foot was $923.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $702.5K | 0.4% |
| 2 Bedrooms | $1.1M | $1.1M | -4.3% |
| 3 Bedrooms | $1.4M | $1.3M | -6.7% |
| 4 Bedrooms | $1.7M | $2.2M | +32.2% |
| 5+ Bedrooms | $2.5M | $2.4M | -7.0% |
Summary: Western Addition housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hayes Valley / Lower Haight | $1.3M | $1.2M | -0.6% |
| Alamo Square | $1.6M | $1.5M | -3.1% |
| Western Addition | $1.2M | $1.1M | -4.5% |
| Central North | $1.2M | $1.1M | -4.6% |
Housing Supply in Western Addition, CA
How many homes are available in Western Addition, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 110 | 121 | +10.0% |
Summary: The Western Addition real estate market had 121 homes for sale in September 2024, a 10.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 31 | +10.7% |
| 2 Bedrooms | 49 | 53 | +8.2% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Western Addition housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western Addition, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Western Addition in September 2024, down by 36.8% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 60 Days | 60 Days | -1.2% |
Summary: Homes in Western Addition had an average of 60 days on market in Sep 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Western Addition are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 12 homes were sold in Western Addition; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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