Is Foster City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Foster City has remained a Seller's Market.
Key Takeaway
Foster City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foster City, CA
How much do homes in Foster City, CA cost?
Median Sold Price
$1,590,000
$954/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Foster City have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Foster City was $1,590,000 in March 2024, up 2.6% from last year, and the median price per square foot was $954.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $672K | $1.1M | +75.4% |
| 2 Bedrooms | $1.1M | $1.1M | 0.0% |
| 3 Bedrooms | $1.6M | $1.5M | -1.9% |
| 4 Bedrooms | $2.2M | $2.2M | 0.3% |
| 5+ Bedrooms | $2.6M | $2.6M | +0.8% |
Summary: Foster City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Foster City | $1.5M | $1.5M | +2.6% |
| Redwood City | $1.8M | $1.8M | +1.2% |
| San Mateo | $1.4M | $1.5M | 0.2% |
Housing Supply in Foster City, CA
How many homes are available in Foster City, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Foster City real estate market had 38 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Foster City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foster City, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Foster City in March 2024, the same as the previous month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Foster City, CA
How long does it take to sell a home in Foster City, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 15 Days | -48.3% |
Summary: Homes in Foster City had an average of 15 days on market in Mar 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foster City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Foster City; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.