Is San Leandro, 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 Leandro has remained a Seller's Market.
Key Takeaway
San Leandro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Leandro, CA
How much do homes in San Leandro, CA cost?
Median Sold Price
$828,000
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in San Leandro have sold for 2% less than they did a year ago.
Summary: The median home sold price in San Leandro was $828,000 in March 2024, down 2% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $393K | $360K | -8.4% |
| 2 Bedrooms | $655K | $680K | +3.8% |
| 3 Bedrooms | $847K | $840K | -0.8% |
| 4 Bedrooms | $1.0M | $990K | -5.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -3.3% |
Summary: San Leandro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in San Leandro, CA
How many homes are available in San Leandro, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 121 | +19.8% |
Summary: The San Leandro real estate market had 121 homes for sale in March 2024, a 19.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 36 | 41 | +13.9% |
| 3 Bedrooms | 45 | 57 | +26.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The San Leandro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 42 | +23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Leandro, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in San Leandro in March 2024, up by 23.5% month-over-month. Of the 39 sold homes, 18% were sold under asking, 15% were sold at asking, and 67% were sold over asking.
Days on Market for San Leandro, CA
How long does it take to sell a home in San Leandro, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 18 Days | +1.0% |
Summary: Homes in San Leandro had an average of 18 days on market in Mar 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Leandro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 42 homes were sold in San Leandro; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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