Is National City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, National City has remained a Seller's Market.
Housing Prices in National City, CA
How much do homes in National City, CA cost?
Median Sold Price
$656,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in National City was $656,000 in May 2024, up 5% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315.5K | $315K | -0.2% |
2 Bedrooms | $530K | $550K | +3.8% |
3 Bedrooms | $634.5K | $687K | +8.3% |
4 Bedrooms | $705K | $740K | +5.0% |
5+ Bedrooms | $790K | $887.5K | +12.3% |
Summary: National City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
San Diego | $850.1K | $921.7K | +8.4% |
Chula Vista | $735.4K | $785K | +6.7% |
National City | $625K | $656K | +5.0% |
Housing Supply in National City, CA
How many homes are available in National City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Summary: The National City real estate market had 40 homes for sale in May 2024, a 4.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 17 | 13 | -23.5% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The National City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in National City in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for National City, CA
How long does it take to sell a home in National City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +13.1% |
Summary: Homes in National City had an average of 23 days on market in May 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in National City; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.