Is San Leandro, 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, San Leandro has remained a Seller's Market.
Key Takeaway
San Leandro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Leandro, CA
How much do homes in San Leandro, CA cost?
Median Sold Price
$830,666
$609/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Leandro have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in San Leandro was $830,666 in May 2024, up 0.7% from last year, and the median price per square foot was $609.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | $358K | -1.1% |
| 2 Bedrooms | $630K | $700K | +11.1% |
| 3 Bedrooms | $828K | $850K | +2.7% |
| 4 Bedrooms | $960K | $1.0M | +4.2% |
| 5+ Bedrooms | $1.1M | $1.1M | +2.3% |
Summary: San Leandro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in San Leandro, CA
How many homes are available in San Leandro, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 144 | 169 | +17.4% |
Summary: The San Leandro real estate market had 169 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 44 | 53 | +20.5% |
| 3 Bedrooms | 67 | 79 | +17.9% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The San Leandro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 57 | +29.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Leandro, you could pay more than the asking price. 66% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in San Leandro in May 2024, up by 29.5% month-over-month. Of the 50 sold homes, 26% were sold under asking, 8% were sold at asking, and 66% were sold over asking.
Days on Market for San Leandro, CA
How long does it take to sell a home in San Leandro, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -12.7% |
Summary: Homes in San Leandro had an average of 20 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in San Leandro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 57 homes were sold in San Leandro; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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