Is North Broadway, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Broadway has remained a Seller's Market.
Key Takeaway
North Broadway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Broadway, CA
How much do homes in North Broadway, CA cost?
Median Sold Price
$749,900
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Broadway have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in North Broadway was $749,900 in April 2024, up 6.1% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | - | N/A |
| 2 Bedrooms | $605K | $636.3K | +5.2% |
| 3 Bedrooms | $675K | $726K | +7.6% |
| 4 Bedrooms | $887.5K | $950K | +7.0% |
| 5+ Bedrooms | $1.0M | $1.1M | +6.2% |
Summary: North Broadway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| North Broadway | $707K | $749.9K | +6.1% |
| Central Escondido | $640K | $635K | -0.8% |
| Jesmond Dene | $1.0M | $962.5K | -9.2% |
Housing Supply in North Broadway, CA
How many homes are available in North Broadway, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Summary: The North Broadway real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The North Broadway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Broadway, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in North Broadway in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for North Broadway, CA
How long does it take to sell a home in North Broadway, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 28 Days | +211.1% |
Summary: Homes in North Broadway had an average of 28 days on market in Apr 2024, up by 211.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Broadway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in North Broadway; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.