Is Southeast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Southeast has remained a Seller's Market.

Key Takeaway

Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$25,000(-2.2%)

Key Takeaway

Homes in Southeast have sold for 2.2% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $585K$515K
-12.0%
2 $975K$945.2K
-3.1%
3 $1.2M$1.1M
-6.4%
4 $1.3M$1.2M
-2.7%
5+ $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
+1.0%
Southeast
-2.2%
Excelsior
-2.3%

Housing Supply in Southeast, CA

How many homes are available in Southeast, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
174198+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

# BEDSMar 2024Apr 2024CHANGE
1 1114
+27.3%
2 6769
+3.0%
3 5060
+20.0%
4 2935
+20.7%
5+ 1720
+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 2024Apr 2024CHANGE
3248+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast, you could pay more than the asking price. 78.3% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
29 Days29 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southeast are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Southeast, CA

Nearby Markets to Southeast, CA