Is North 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, North City has remained a Seller's Market.
Key Takeaway
North City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North City, CA
How much do homes in North City, CA cost?
Median Sold Price
$2,125,000
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North City have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in North City was $2,125,000 in March 2024, down 7.6% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $457.5K | N/A |
| 2 Bedrooms | $571K | $615K | +7.7% |
| 3 Bedrooms | $2.0M | $1.4M | -31.7% |
| 4 Bedrooms | $2.1M | $2.0M | -5.5% |
| 5+ Bedrooms | $2.6M | $3.0M | +18.3% |
Summary: North City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 31.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Neighborhoods
| North City | $2.3M | $2.1M | -7.6% |
| Pacific Highlands Ranch | $2.2M | $2.0M | -11.1% |
Housing Supply in North City, CA
How many homes are available in North City, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The North City real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The North City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North City, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in North City in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for North City, CA
How long does it take to sell a home in North City, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 39 Days | +98.7% |
Summary: Homes in North City had an average of 39 days on market in Mar 2024, up by 98.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in North City; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.