Is Mid-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, Mid-City has remained a Seller's Market.
Housing Prices in Mid-City, CA
How much do homes in Mid-City, CA cost?
Median Sold Price
$734,100
$644/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mid-City was $734,100 in March 2024, up 6.7% from last year, and the median price per square foot was $644.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $384K | +9.7% |
2 Bedrooms | $566K | $600.8K | +6.1% |
3 Bedrooms | $820K | $855.6K | +4.3% |
4 Bedrooms | $930K | $999.4K | +7.5% |
5+ Bedrooms | $1.4M | $1.3M | -7.6% |
Summary: Mid-City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
Mid-City | $688.1K | $734.1K | +6.7% |
El Cerrito | $560K | $570.7K | +1.9% |
Housing Supply in Mid-City, CA
How many homes are available in Mid-City, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
215 | 249 | +15.8% |
Summary: The Mid-City real estate market had 249 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 28 | +12.0% |
2 Bedrooms | 60 | 80 | +33.3% |
3 Bedrooms | 92 | 103 | +12.0% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Mid-City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 83 | +33.9% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Mid-City in March 2024, up by 33.9% month-over-month. Of the 83 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% were sold over asking.
Days on Market for Mid-City, CA
How long does it take to sell a home in Mid-City, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 18 Days | -1.0% |
Summary: Homes in Mid-City had an average of 18 days on market in Mar 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 83 homes were sold in Mid-City; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.