Is San Carlos, 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, San Carlos has remained a Seller's Market.
Housing Prices in San Carlos, CA
How much do homes in San Carlos, CA cost?
Median Sold Price
$2,106,250
$1,166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Carlos was $2,106,250 in May 2024, up 2.1% from last year, and the median price per square foot was $1,166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $790K | $905K | +14.6% |
2 Bedrooms | $1.3M | $1.4M | +4.9% |
3 Bedrooms | $2.0M | $2.0M | -0.2% |
4 Bedrooms | $2.7M | $2.6M | -3.6% |
5+ Bedrooms | $3.1M | $3.4M | +9.5% |
Summary: San Carlos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Belmont | $2.0M | $2.1M | +5.8% |
Redwood City | $1.7M | $1.8M | +4.7% |
San Carlos | $2.0M | $2.1M | +2.1% |
Housing Supply in San Carlos, CA
How many homes are available in San Carlos, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 86 | +28.4% |
Summary: The San Carlos real estate market had 86 homes for sale in May 2024, a 28.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The San Carlos housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in San Carlos in May 2024, up by 32.0% month-over-month. Of the 32 sold homes, 16% were sold under asking, 6% were sold at asking, and 78% were sold over asking.
Days on Market for San Carlos, CA
How long does it take to sell a home in San Carlos, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 13 Days | +7.2% |
Summary: Homes in San Carlos had an average of 13 days on market in May 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in San Carlos; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.