Is Sunset District, 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, Sunset District has remained a Seller's Market.
Key Takeaway
Sunset District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunset District, CA
How much do homes in Sunset District, CA cost?
Median Sold Price
$1,501,000
$944/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunset District have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Sunset District was $1,501,000 in April 2024, down 5.3% from last year, and the median price per square foot was $944.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $805K | $749K | -7.0% |
| 2 Bedrooms | $1.4M | $1.3M | -5.7% |
| 3 Bedrooms | $1.6M | $1.5M | -4.2% |
| 4 Bedrooms | $1.8M | $1.6M | -7.3% |
| 5+ Bedrooms | $2.2M | $1.8M | -18.9% |
Summary: Sunset District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Inner Parkside | $1.7M | $1.8M | +5.2% |
| Central Sunset | $1.6M | $1.5M | -3.1% |
| Central West | $1.5M | $1.5M | -5.2% |
| Sunset District | $1.5M | $1.5M | -5.3% |
| Golden Gates Heights | $1.9M | $1.7M | -8.7% |
Housing Supply in Sunset District, CA
How many homes are available in Sunset District, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 130 | +5.7% |
Summary: The Sunset District real estate market had 130 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 28 | 34 | +21.4% |
| 3 Bedrooms | 41 | 47 | +14.6% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Sunset District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset District, you could pay more than the asking price. 76.2% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Sunset District in April 2024, up by 13.5% month-over-month. Of the 42 sold homes, 17% were sold under asking, 7% were sold at asking, and 76% were sold over asking.
Days on Market for Sunset District, CA
How long does it take to sell a home in Sunset District, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 19 Days | -26.0% |
Summary: Homes in Sunset District had an average of 19 days on market in Apr 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Sunset District; 14% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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