Is Mid-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, 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
$737,500
$642/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mid-City was $737,500 in April 2024, up 8.4% from last year, and the median price per square foot was $642.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $357.5K | $384K | +7.4% |
2 Bedrooms | $556K | $620K | +11.5% |
3 Bedrooms | $809K | $850K | +5.1% |
4 Bedrooms | $922K | $995K | +7.9% |
5+ Bedrooms | $1.5M | $1.4M | -5.2% |
Summary: Mid-City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
El Cerrito | $550K | $627.5K | +14.1% |
Mid-City | $680.6K | $737.5K | +8.4% |
Housing Supply in Mid-City, CA
How many homes are available in Mid-City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
244 | 235 | -3.7% |
Summary: The Mid-City real estate market had 235 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 29 | +7.4% |
2 Bedrooms | 80 | 77 | -3.8% |
3 Bedrooms | 97 | 94 | -3.1% |
4 Bedrooms | 27 | 21 | -22.2% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Mid-City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 74 | -14.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Mid-City in April 2024, down by 14.0% month-over-month. Of the 74 sold homes, 31% were sold under asking, 20% were sold at asking, and 49% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 18 Days | +3.5% |
Summary: Homes in Mid-City had an average of 18 days on market in Apr 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Mid-City; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.