Is Daly City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Daly City is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Daly City has remained a Seller's Market.

Key Takeaway

Daly City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Daly City, CA

How much do homes in Daly City, CA cost?

Median Sold Price

$1,105,400

$746/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$65,433(-5.6%)

Key Takeaway

Homes in Daly City have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Daly City was $1,105,400 in February 2024, down 5.6% from last year, and the median price per square foot was $746.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $544K$504K
-7.3%
2 $920K$915K
-0.5%
3 $1.2M$1.1M
-5.9%
4 $1.3M$1.2M
-7.4%
5+ $1.5M$1.4M
-4.3%

Summary: Daly City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

South San Francisco
-2.8%
San Francisco
-5.3%
Daly City
-5.6%
Brisbane
-8.1%

Housing Supply in Daly City, CA

How many homes are available in Daly City, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6875+10.3%

Summary: The Daly City real estate market had 75 homes for sale in February 2024, a 10.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 79
+28.6%
2 1915
-21.1%
3 2228
+27.3%
4 1517
+13.3%
5+ 56
+20.0%

Summary: The Daly City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1831+72.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Daly City, you could pay more than the asking price. 65.5% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Daly City in February 2024, up by 72.2% month-over-month. Of the 29 sold homes, 14% were sold under asking, 21% were sold at asking, and 66% were sold over asking.

Days on Market for Daly City, CA

How long does it take to sell a home in Daly City, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
48 Days22 Days-53.1%

Summary: Homes in Daly City had an average of 22 days on market in Feb 2024, down by 53.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Daly City are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 31 homes were sold in Daly City; 52% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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