Is San Carlos, 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, San Carlos has remained a Seller's Market.
Key Takeaway
San Carlos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Carlos, CA
How much do homes in San Carlos, CA cost?
Median Sold Price
$2,100,000
$1,147/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in San Carlos has remained the same since last year.
Summary: The median home sold price in San Carlos was $2,100,000 in March 2024, the same as last year, and the median price per square foot was $1,147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $839.4K | $820K | -2.3% |
| 2 Bedrooms | $1.3M | $1.4M | +7.4% |
| 3 Bedrooms | $2.1M | $2.1M | 0.0% |
| 4 Bedrooms | $2.9M | $2.7M | -10.0% |
| 5+ Bedrooms | $4.4M | $3.5M | -20.9% |
Summary: San Carlos housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Cities
| Redwood City | $1.8M | $1.8M | +1.2% |
| San Carlos | $2.1M | $2.1M | 0.0% |
| Belmont | $2.1M | $2.1M | -1.3% |
Housing Supply in San Carlos, CA
How many homes are available in San Carlos, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 68 | +30.8% |
Summary: The San Carlos real estate market had 68 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 15 | 24 | +60.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The San Carlos housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 27 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Carlos, you could pay more than the asking price. 63% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in San Carlos in March 2024, up by 80.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for San Carlos, CA
How long does it take to sell a home in San Carlos, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -12.0% |
Summary: Homes in San Carlos had an average of 18 days on market in Mar 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in San Carlos are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in San Carlos; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% 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.