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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Foster City is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Foster City was a Seller's Market.

Key Takeaway

Foster City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Foster City, CA cost?

Median Sold Price

$1,572,500

$979/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$197,500(+14.4%)

Key Takeaway

Homes in Foster City have sold for 14.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $699K$632.5K
-9.5%
2 $977K$1.1M
+12.6%
3 $1.5M$1.6M
+5.8%
4 $2.2M$2.4M
+9.5%
5+ $2.3M$2.6M
+12.8%

Median Sold Price Compared To Nearby Cities

Foster City
+14.4%
Redwood City
+7.2%
San Mateo
+2.3%

How many homes are available in Foster City, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4136-12.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 98
-11.1%
3 1716
-5.9%
4 118
-27.3%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
135-61.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Foster City, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
13 Days39 Days+181.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Foster City has remained consistent over time.

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

About Foster City, CA

There are 36 homes are for sale in Foster City, CA real estate market. The number of homes for sale in Foster City, CA decreased by 12.2% between October 2022 and November 2022. Listings spent 39 days on the market in November 2022, and had a median list price of $1,572,500 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 9.5%, prices of 2 bedrooms properties increased by 12.6%, 3 bedrooms properties became 5.8% more expensive, 4 bedrooms properties became 9.5% more expensive, 5 bedrooms properties prices increased by 12.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 11.1%, 3 bedrooms homes inventory decreased by 5.9%, number of 4 bedrooms homes decreased by 27.3%, volume of 5 bedrooms homes stayed the same. Foster City, CA housing market in November 2022 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 3 sold below.

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