Is Central West, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central West has remained a Seller's Market.
Key Takeaway
Central West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central West, CA
How much do homes in Central West, CA cost?
Median Sold Price
$1,501,250
$944/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central West have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Central West was $1,501,250 in April 2024, down 5.2% from last year, and the median price per square foot was $944.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $805K | $749K | -7.0% |
| 2 Bedrooms | $1.4M | $1.3M | -5.7% |
| 3 Bedrooms | $1.6M | $1.5M | -4.2% |
| 4 Bedrooms | $1.8M | $1.6M | -7.3% |
| 5+ Bedrooms | $2.2M | $1.8M | -18.9% |
Summary: Central West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Inner Parkside | $1.7M | $1.8M | +5.2% |
| Central Sunset | $1.6M | $1.5M | -3.1% |
| Central West | $1.5M | $1.5M | -5.2% |
| Sunset District | $1.5M | $1.5M | -5.3% |
| Golden Gates Heights | $1.9M | $1.7M | -8.7% |
Housing Supply in Central West, CA
How many homes are available in Central West, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 130 | +5.7% |
Summary: The Central West real estate market had 130 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 28 | 34 | +21.4% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Central West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central West, you could pay more than the asking price. 76.2% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Central West in April 2024, up by 13.5% month-over-month. Of the 42 sold homes, 17% were sold under asking, 7% were sold at asking, and 76% were sold over asking.
Days on Market for Central West, CA
How long does it take to sell a home in Central West, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 Days | -26.0% |
Summary: Homes in Central West had an average of 19 days on market in Apr 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central West are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Central West; 14% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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