Is Mid-City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mid-City has remained a Seller's Market.
Housing Prices in Mid-City, CA
How much do homes in Mid-City, CA cost?
Median Sold Price
$735,000
$643/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mid-City was $735,000 in May 2024, up 9.8% from last year, and the median price per square foot was $643.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $390K | +8.3% |
2 Bedrooms | $550K | $620K | +12.7% |
3 Bedrooms | $809.5K | $847.5K | +4.7% |
4 Bedrooms | $897.5K | $999.4K | +11.4% |
5+ Bedrooms | $1.3M | $1.4M | +8.1% |
Summary: Mid-City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
El Cerrito | $540K | $655K | +21.3% |
Mid-City | $669.1K | $735K | +9.8% |
Housing Supply in Mid-City, CA
How many homes are available in Mid-City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
237 | 253 | +6.8% |
Summary: The Mid-City real estate market had 253 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 26 | -10.3% |
2 Bedrooms | 89 | 92 | +3.4% |
3 Bedrooms | 88 | 101 | +14.8% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Mid-City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 81 | +2.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Mid-City in May 2024, up by 2.5% month-over-month. Of the 81 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Mid-City, CA
How long does it take to sell a home in Mid-City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 18 Days | +18.6% |
Summary: Homes in Mid-City had an average of 18 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 81 homes were sold in Mid-City; 83% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.