Is Northeast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Northeast was a Seller's Market.
Key Takeaway
Northeast is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Northeast, CA
How much do homes in Northeast, CA cost?
Median Sold Price
$1,212,047
$973/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northeast have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Northeast was $1,212,047 in April 2024, down 0.7% from last year, and the median price per square foot was $973.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $738.5K | $704K | -4.7% |
| 2 Bedrooms | $1.2M | $1.2M | -2.0% |
| 3 Bedrooms | $2.1M | $1.9M | -11.5% |
| 4 Bedrooms | $3.3M | $2.2M | -33.3% |
| 5+ Bedrooms | $2.8M | $2.3M | -17.0% |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
| Chinatown | $1.0M | $1.1M | +11.9% |
| Northeast | $1.2M | $1.2M | -0.7% |
| Nob Hill | $1.0M | $1.0M | -2.3% |
| Telegraph Hill | $1.5M | $1.2M | -19.7% |
Housing Supply in Northeast, CA
How many homes are available in Northeast, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 315 | 338 | +7.3% |
Summary: The Northeast real estate market had 338 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 92 | 99 | +7.6% |
| 2 Bedrooms | 128 | 134 | +4.7% |
| 3 Bedrooms | 53 | 58 | +9.4% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 51 | +27.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Northeast in April 2024, up by 27.5% month-over-month. Of the 51 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.
Days on Market for Northeast, CA
How long does it take to sell a home in Northeast, CA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in Northeast; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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