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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing National City is a seller's market

Buyer's
Market

Difference Since January 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

$625,000

$492/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$16,000(-2.5%)

Key Takeaway

Homes in National City have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in National City was $625,000 in January 2024, down 2.5% from last year, and the median price per square foot was $492.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $307.5K$315K
+2.4%
2 $530K$544K
+2.6%
3 $655K$659K
+0.6%
4 $715K$735K
+2.8%
5+ $787.5K$825K
+4.8%

Summary: National City housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

San Diego
+4.7%
Chula Vista
+2.7%
National City
-2.5%

Housing Supply in National City, CA

How many homes are available in National City, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2531+24.0%

Summary: The National City real estate market had 31 homes for sale in January 2024, a 24.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 65
-16.7%
2 77
0.0%
3 810
+25.0%
4 48
+100.0%
5+ 01
+100.0%

Summary: The National City housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in National City, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in National City in January 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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

Jan 2023Jan 2024CHANGE
35 Days38 Days+9.6%

Summary: Homes in National City had an average of 38 days on market in Jan 2024, up by 9.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 7 homes were sold in National City; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 23 Days Ago

Newest Listings in National City, CA

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