Is San Leandro, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$824,400
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in San Leandro have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in San Leandro was $824,400 in November 2023, down 6.2% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.5K | $360K | -1.5% |
| 2 Bedrooms | $670K | $683K | +1.9% |
| 3 Bedrooms | $900K | $838K | -6.9% |
| 4 Bedrooms | $1.1M | $960K | -13.4% |
| 5+ Bedrooms | $1.1M | $1.1M | -3.1% |
Summary: San Leandro housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in San Leandro, CA
How many homes are available in San Leandro, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 109 | 103 | -5.5% |
Summary: The San Leandro real estate market had 103 homes for sale in November 2023, a 5.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 34 | 39 | +14.7% |
| 3 Bedrooms | 48 | 40 | -16.7% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The San Leandro housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Leandro, you could pay more than the asking price. 72.4% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in San Leandro in November 2023, down by 8.6% month-over-month. Of the 29 sold homes, 21% were sold under asking, 7% were sold at asking, and 72% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 15 Days | -41.7% |
Summary: Homes in San Leandro had an average of 15 days on market in Nov 2023, down by 41.7% compared to last year.
Breakdown of Home Sale Times
30 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 San Leandro are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 32 homes were sold in San Leandro; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% 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.