Is Serra Mesa, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Serra Mesa has remained a Seller's Market.
Housing Prices in Serra Mesa, CA
How much do homes in Serra Mesa, CA cost?
Median Sold Price
$973,880
$662/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Serra Mesa was $973,880 in April 2024, up 7% from last year, and the median price per square foot was $662.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382K | $390K | +2.1% |
2 Bedrooms | $540K | $549K | +1.7% |
3 Bedrooms | $915.5K | $1.0M | +10.3% |
4 Bedrooms | $950K | $1.0M | +8.9% |
5+ Bedrooms | $1.2M | $1.1M | -8.3% |
Summary: Serra Mesa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
StoneCrest Village | $960K | $1.0M | +9.6% |
Serra Mesa | $910K | $973.8K | +7.0% |
Housing Supply in Serra Mesa, CA
How many homes are available in Serra Mesa, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Summary: The Serra Mesa real estate market had 57 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Serra Mesa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Serra Mesa in April 2024, up by 75.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Serra Mesa, CA
How long does it take to sell a home in Serra Mesa, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 14 Days | +159.4% |
Summary: Homes in Serra Mesa had an average of 14 days on market in Apr 2024, up by 159.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Serra Mesa; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.