Is National 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, National City has remained a Seller's Market.
Key Takeaway
National City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in National City, CA
How much do homes in National City, CA cost?
Median Sold Price
$637,500
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in National City has remained the same since last year.
Summary: The median home sold price in National City was $637,500 in March 2024, down 0.1% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315.5K | $315K | -0.2% |
| 2 Bedrooms | $525K | $544K | +3.6% |
| 3 Bedrooms | $640K | $673.7K | +5.3% |
| 4 Bedrooms | $695K | $740K | +6.5% |
| 5+ Bedrooms | $787.5K | $815K | +3.5% |
Summary: National City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| San Diego | $853.5K | $905.2K | +6.1% |
| Chula Vista | $737.3K | $779.6K | +5.7% |
| National City | $638K | $637.5K | -0.1% |
Housing Supply in National City, CA
How many homes are available in National City, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The National City real estate market had 41 homes for sale in March 2024, a 20.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The National City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in National City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in National City in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for National City, CA
How long does it take to sell a home in National City, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 21 Days | -63.8% |
Summary: Homes in National City had an average of 21 days on market in Mar 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
5 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 National City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in National City; 71% of homes were sold within 30 days, 29% 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.