Is Southeast, 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, Southeast has remained a Seller's Market.
Housing Prices in Southeast, CA
How much do homes in Southeast, CA cost?
Median Sold Price
$1,100,000
$754/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast was $1,100,000 in April 2024, down 2.2% from last year, and the median price per square foot was $754.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585K | $515K | -12.0% |
2 Bedrooms | $975K | $945.2K | -3.1% |
3 Bedrooms | $1.2M | $1.1M | -6.4% |
4 Bedrooms | $1.3M | $1.2M | -2.7% |
5+ Bedrooms | $1.3M | $1.4M | +0.7% |
Summary: Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
Visitacion Valley | $1.0M | $1.0M | +1.0% |
Southeast | $1.1M | $1.1M | -2.2% |
Excelsior | $1.2M | $1.1M | -2.3% |
Housing Supply in Southeast, CA
How many homes are available in Southeast, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 198 | +13.8% |
Summary: The Southeast real estate market had 198 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 67 | 69 | +3.0% |
3 Bedrooms | 50 | 60 | +20.0% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 48 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Southeast in April 2024, up by 50.0% month-over-month. Of the 46 sold homes, 15% were sold under asking, 7% were sold at asking, and 78% were sold over asking.
Days on Market for Southeast, CA
How long does it take to sell a home in Southeast, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | -0.8% |
Summary: Homes in Southeast had an average of 29 days on market in Apr 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Southeast; 23% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.