Is San Bruno, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Bruno is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, San Bruno has remained a Seller's Market.

Key Takeaway

San Bruno is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in San Bruno, CA

How much do homes in San Bruno, CA cost?

Median Sold Price

$1,225,000

$864/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$75,000(-5.8%)

Key Takeaway

Homes in San Bruno have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in San Bruno was $1,225,000 in August 2024, down 5.8% from last year, and the median price per square foot was $864.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $518K$490K
-5.4%
2 $900K$881.5K
-2.1%
3 $1.3M$1.4M
+3.7%
4 $1.5M$1.6M
+4.3%
5+ $1.5M$1.5M
-2.4%

Summary: San Bruno housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Millbrae
+8.1%
South San Francisco
+7.0%
Pacifica
-1.1%
San Bruno
-5.8%

Housing Supply in San Bruno, CA

How many homes are available in San Bruno, CA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
7384+15.1%

Summary: The San Bruno real estate market had 84 homes for sale in August 2024, a 15.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 2118
-14.3%
2 1218
+50.0%
3 2429
+20.8%
4 1215
+25.0%
5+ 44
0.0%

Summary: The San Bruno housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1637+131.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 37 homes were sold or pending in San Bruno in August 2024, up by 131.3% month-over-month. Of the 35 sold homes, 37% were sold under asking, 6% were sold at asking, and 57% were sold over asking.

Days on Market for San Bruno, CA

How long does it take to sell a home in San Bruno, CA?

Average Sale Time

Aug 2023Aug 2024CHANGE
14 Days24 Days+74.8%

Summary: Homes in San Bruno had an average of 24 days on market in Aug 2024, up by 74.8% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Bruno are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 37 homes were sold in San Bruno; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

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