Is San Francisco by the Bay, MD 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, San Francisco by the Bay has remained a Seller's Market.
Key Takeaway
San Francisco by the Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Francisco by the Bay, MD
How much do homes in San Francisco by the Bay, MD cost?
Median Sold Price
$450,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in San Francisco by the Bay have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in San Francisco by the Bay was $450,000 in April 2024, up 5.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $425K | $450K | +5.9% |
| 4 Bedrooms | - | $459K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: San Francisco by the Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Chesapeake Beach | $362.4K | $390K | +7.6% |
| San Francisco by the Bay | $425K | $450K | +5.9% |
Housing Supply in San Francisco by the Bay, MD
How many homes are available in San Francisco by the Bay, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The San Francisco by the Bay real estate market had 5 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The San Francisco by the Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in San Francisco by the Bay, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in San Francisco by the Bay in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for San Francisco by the Bay, MD
How long does it take to sell a home in San Francisco by the Bay, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 14 Days | +262.5% |
Summary: Homes in San Francisco by the Bay had an average of 14 days on market in Apr 2024, up by 262.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Francisco by the Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in San Francisco by the Bay; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
