Is South San Francisco, 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, South San Francisco has remained a Seller's Market.
Housing Prices in South San Francisco, CA
How much do homes in South San Francisco, CA cost?
Median Sold Price
$1,200,000
$817/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South San Francisco was $1,200,000 in April 2024, down 0.4% from last year, and the median price per square foot was $817.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $657.5K | $490K | -25.5% |
2 Bedrooms | $840K | $850K | +1.2% |
3 Bedrooms | $1.2M | $1.2M | -3.1% |
4 Bedrooms | $1.3M | $1.4M | +3.6% |
5+ Bedrooms | $1.7M | $1.4M | -16.2% |
Summary: South San Francisco housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in South San Francisco, CA
How many homes are available in South San Francisco, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 74 | +1.4% |
Summary: The South San Francisco real estate market had 74 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 38 | 26 | -31.6% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The South San Francisco housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in South San Francisco in April 2024, up by 8.7% month-over-month. Of the 23 sold homes, 4% were sold under asking, 0% were sold at asking, and 96% were sold over asking.
Days on Market for South San Francisco, CA
How long does it take to sell a home in South San Francisco, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 16 Days | +31.3% |
Summary: Homes in South San Francisco had an average of 16 days on market in Apr 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in South San Francisco; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.