Is Foster City, 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, Foster City has remained a Seller's Market.
Housing Prices in Foster City, CA
How much do homes in Foster City, CA cost?
Median Sold Price
$1,650,000
$963/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Foster City was $1,650,000 in April 2024, up 8.2% from last year, and the median price per square foot was $963.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $622.2K | $1.1M | +89.6% |
2 Bedrooms | $1.1M | $1.1M | +5.0% |
3 Bedrooms | $1.5M | $1.5M | +1.2% |
4 Bedrooms | $2.2M | $2.2M | 0.2% |
5+ Bedrooms | $2.4M | $2.5M | +6.7% |
Summary: Foster City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Foster City | $1.5M | $1.6M | +8.2% |
San Mateo | $1.4M | $1.5M | +1.9% |
Redwood City | $1.8M | $1.8M | +1.3% |
Housing Supply in Foster City, CA
How many homes are available in Foster City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 58 | +75.8% |
Summary: The Foster City real estate market had 58 homes for sale in April 2024, a 75.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 16 | +100.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 8 | 22 | +175.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Foster City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Foster City in April 2024, up by 60.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Foster City, CA
How long does it take to sell a home in Foster City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 13 Days | +22.3% |
Summary: Homes in Foster City had an average of 13 days on market in Apr 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Foster City; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.