Is Foster 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, 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
$1,700,000
$968/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Foster City was $1,700,000 in May 2024, up 9.5% from last year, and the median price per square foot was $968.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $1.1M | +84.4% |
2 Bedrooms | $1.0M | $1.1M | +6.0% |
3 Bedrooms | $1.5M | $1.5M | -0.4% |
4 Bedrooms | $2.2M | $2.3M | +4.1% |
5+ Bedrooms | $2.5M | $2.6M | +1.5% |
Summary: Foster City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.4%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Foster City | $1.5M | $1.7M | +9.5% |
Redwood City | $1.7M | $1.8M | +4.7% |
San Mateo | $1.4M | $1.5M | +4.5% |
Housing Supply in Foster City, CA
How many homes are available in Foster City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 68 | +15.3% |
Summary: The Foster City real estate market had 68 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Foster City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Foster City in May 2024, up by 58.8% month-over-month. Of the 27 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 11 Days | -58.6% |
Summary: Homes in Foster City had an average of 11 days on market in May 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Foster City; 85% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.