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That's really the question you should be asking yourself
Our market is incredibly diverse, and rapidly changing Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors’ home is At the end of the day, it’s the current market that sets the value of your home
So, do you know what your home is worth in today's market?
Icanhelp...
Contact me for a confidential, no obligation assessment of your home's value.
Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides
Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live
Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.
Owning a home is associated with better mental health and well-being
Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:
"Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . . ”
Similarly, Habitat for Humanity says:
“Residential stability among homeowners is related to improved life satisfaction, along with better physical and mental health ”
So, according to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.
Your home connects you to your community Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:
“Homeowners also tend to be more active in their local communities . . . ”
After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.
Your home is a place that’s all yours When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be As your tastes and lifestyle change, so can your home As Investopedia tells us:
“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”
Renting can limit your ability to personalize your living space, and even if you do make changes, you may have to undo them before your lease ends. The ability homeownership gives you to customize and improve where you live creates a greater sense of ownership, pride, and connection with your home
Owning your home can change your life in a way that gives you greater satisfaction and happiness Connect with a local real estate professional today if you’re ready to explore homeownership and all it has to offer
Source: Keeping Current Matters
There were 1,482 single-family homes for sale, providing 0.9 months of inventory. There were 1,482 new listings, and 718 homes sold for a median price of $1.2m. The median overbid was 107.5%, with an average of 18 days on the market.
There were 647 condo and townhome units for sale, providing 1.3 months of inventory. There were 647 new listings, and 245 units sold at a median sale price of $710k. The median overbid percentage was 102.2%, with an average of 20 days on the market.
1,482 New Listings
718 Sold Listings
0.9 Months of Inventory
$1.2M Median Sale Price
107.5% Median Sale vs List
18 Avg Days on Market
The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
Condo & Townhomes
647 New Listings
245 Sold Listings
1.3 Months of Inventory
$710K Median Sale Price
102.2% Median Sale vs List
20 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has increased from $1 1m last May 2022, to $1 2m as of May 2023
Condos & Townhomes
The median sales price has decreased from $822k last May 2022, to $710k as of May 2023.
Single-Family Homes
The overbid percentage has decreased from 117 1% last May 2022, to 107 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 108.8% last May 2022, to 102.2% a year later.
Single-Family Homes
The average time spent on the market went up from 13 days last May 2022, to 18 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 16 days in May 2022, to 20 days as of May 2023
There were 774 single-family homes for sale, providing 1.2 months of inventory. There were 931 new listings, and 769 homes sold for a median price of $895k. The median overbid was 101%, with an average of 23 days on the market
There were 238 condo and townhome units for sale, providing 1.3 months of inventory. There were 259 new listings, and 209 units sold at a median sale price of $625k. The median overbid percentage was 100.8%, with an average of 21 days on the market.
931 New Listings
769 Sold Listings
1.2 Months of Inventory
$895K Median Sale Price
101% Median Sale vs List
23 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
259 New Listings
1.3 Months of Inventory
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $992k last May 2022, to $895k as of May 2023
Condos & Townhomes
The median sales price has increased from $617k last May 2022, to $625k as of May 2023.
Single-Family Homes
The overbid percentage has decreased from 106 8% last May 2022, to 101% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.8% last May 2022, to 100.8% a year later.
Single-Family Homes
The average time spent on the market went up from 13 days last May 2022, to 23 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 16 days in May 2022, to 21 days as of May 2023
There were 238 single-family homes for sale, providing 3.2 months of inventory. There were 83 new listings, and 82 homes sold for a median price of $888k. The median overbid was 100%, with an average of 48 days on the market
There were 21 condo and townhome units for sale, providing 2.2 months of inventory. There were 15 new listings, and 11 units sold at a median sale price of $650k. The median overbid percentage was 98.6%, with an average of 45 days on the market.
83 New Listings
82 Sold Listings
3.2 Months of Inventory
$888K Median Sale Price
100% Median Sale vs List
48 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
15 New Listings
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $982k last May 2022, to $888k as of May 2023
Condos & Townhomes
The median sales price has increased from $600k last May 2022, to $650k as of May 2023.
The average time spent on the market went up from 38 days last May 2022, to 48 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 36 days in May 2022, to 45 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 100 4% last May 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has decreased from 107.6% last May 2022, to 98.6% a year later.
There were 321 single-family homes for sale, providing 1.9 months of inventory. There were 278 new listings, and 186 homes sold for a median price of $1.6m. The median overbid was 106.5%, with an average of 29 days on the market.
There were 619 condo and townhome units for sale, providing 3 5 months of inventory There were 266 new listings, and 191 units sold at a median sale price of $1.1m The median overbid percentage was 100%, with an average of 54 days on the market.
278 New Listings
186 Sold Listings
1.9 Months of Inventory
$1.6M Median Sale Price
106.5% Median Sale vs List
29 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
Condo & Townhomes
266 New Listings
191 Sold Listings
3.5 Months of Inventory
$1.1M Median Sale Price
100% Median Sale vs List
54 Avg Days on Market
Single
Last 12 months,
Condos
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $2m last May 2022, to $1 6m as of May 2023
Condos & Townhomes
The median sales price has decreased from $1.2m last May 2022, to $1.1m as of May 2023.
The average time spent on the market went up from 21 days last May 2022, to 29 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 36 days in May 2022, to 54 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 117% last May 2022, to 106 5% a year later
Condos & Townhomes
The overbid percentage has decreased from 101.3% last May 2022, to 100% a year later.
There were 411 single-family homes for sale, providing 1.5 months of inventory. There were 434 new listings, and 340 homes sold for a median price of $1.8m. The median overbid was 102.1%, with an average of 19 days on the market
There were 153 condo and townhome units for sale, providing 1.6 months of inventory. There were 131 new listings, and 107 units sold at a median sale price of $915k. The median overbid percentage was 100%, with an average of 26 days on the market.
434 New Listings
340 Sold Listings
1.5 Months of Inventory
$1.8M Median Sale Price
102.1% Median Sale vs List
19 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
131 New Listings
107 Sold Listings
1.6 Months of Inventory
$915K Median Sale Price
100.1% Median Sale vs List
26 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $2m last May 2022, to $1 8m as of May 2023
Condos & Townhomes
The median sales price has decreased from $1m last May 2022, to $915k as of May 2023.
The average time spent on the market went up from 15 days last May 2022, to 19 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 20 days in May 2022, to 26 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 111 2% last May 2022, to 102 1% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.3% last May 2022, to 100.1% a year later.
There were 644 single-family homes for sale, providing 1 month of inventory. There were 954 new listings, and 821 homes sold for a median price of $1.7m. The median overbid was 103.6%, with an average of 18 days on the market
There were 250 condo and townhome units for sale, providing 1 month of inventory. There were 368 new listings, and 313 units sold at a median sale price of $955k. The median overbid percentage was 101.5%, with an average of 20 days on the market.
Condo & Townhomes
368 New Listings
313 Sold Listings
1 Months of Inventory
$955K Median Sale Price
101.5% Median Sale vs List
20 Avg Days on Market
Single-Family Homes
The median sales price has decreased from $1 9m last May 2022, to $1 7m as of May 2023
Condos & Townhomes
The median sales price has decreased from $1m last May 2022, to $955k as of May 2023.
The average time spent on the market went up from 12 days last May 2022, to 18 days as of May 2023
The average time spent on the market went up from 12 days in May 2022, to 20 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 111 1% last May 2022, to 103 6% a year later
Condos & Townhomes
The overbid percentage has decreased from 108.7% last May 2022, to 101.5% a year later.
There were 357 single-family homes for sale, providing 1.1 months of inventory. There were 332 new listings, and 347 homes sold for a median price of $598k. The median overbid was 100.6%, with an average of 34 days on the market
There were 30 condo and townhome units for sale, providing 1.1 months of inventory. There were 34 new listings, and 28 units sold at a median sale price of $347k. The median overbid percentage was 100.3%, with an average of 31 days on the market.
34 New Listings
28 Sold Listings
1.1 Months of Inventory
$347K Median Sale Price
100.3% Median Sale vs List
31 Avg Days on Market
MAY 2022 - MAY 2023
Family Homes
2 months, year-over-year.
os & Townhomes
2 months, year-over-year
Single-Family Homes
The median sales price has decreased from $619k last May 2022, to $598k as of May 2023
Condos & Townhomes
The median sales price has decreased from $379k last May 2022, to $347k as of May 2023.
Single-Family Homes
The average time spent on the market went up from 23 days last May 2022, to 34 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 26 days in May 2022, to 31 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 102% last May 2022, to 100 6% a year later
Condos & Townhomes
The overbid percentage has decreased from 103.2% last May 2022, to 100.3% a year later.
There were 610 single-family homes for sale, providing 2 months of inventory. There were 350 new listings, and 336 homes sold for a median price of $852k. The median overbid was 100%, with an average of 40 days on the market.
There were 44 condo and townhome units for sale, providing 1.1 months of inventory. There were 45 new listings, and 33 units sold at a median sale price of $490k. The median overbid percentage was 101.6%, with an average of 29 days on the market
45 New Listings
33 Sold Listings
1.1 Months of Inventory
29 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $867k last May 2022, to $852k as of May 2023
Condos & Townhomes
The median sales price remained $490k last May 2022, and $490k as of May 2023.
Single-Family Homes
The average time spent on the market went up from 31 days last May 2022, to 40 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 24 days in May 2022, to 29 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 103 3% last May 2022, to 100% a year later
Condos & Townhomes
The overbid percentage has decreased from 105.1% last May 2022, to 101.6% a year later.
There were 248 single-family homes for sale, providing 1 4 months of inventory There were 144 new listings, and 190 homes sold for a median price of $1.8m. The median overbid was 102%, with an average of 21 days on the market.
There were 118 condo and townhome units for sale, providing 2.5 months of inventory. There were 51 new listings, and 57 units sold at a median sale price of $780k. The median overbid percentage was 100%, with an average of 51 days on the market.
144 New Listings
190 Sold Listings
1.4 Months of Inventory
$1.8M Median Sale Price
102% Median Sale vs List
21 Avg Days on Market
The data, sourced from Infosparks, includes all single-family homes, condos and townhomes in the California Area from May 2022 to May 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to KW Advisors. 415.483.9285. San Francisco | DRE# 01995149. Copyright KW Advisors 2023. Each office is independently owned and operated.
Condo & Townhomes
51 New Listings
57 Sold Listings
2.5 Months of Inventory
$780K Median Sale Price
100% Median Sale vs List
51 Avg Days on Market
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single-Family Homes
The median sales price has decreased from $2m last May 2022, to $1 8m as of May 2023
Condos & Townhomes
The median sales price has decreased from $869k last May 2022, to $780k as of May 2023.
The average time spent on the market went up from 16 days last May 2022, to 21 days as of May 2023
Condos & Townhomes
The average time spent on the market went up from 29 days in May 2022, to 51 days as of May 2023
Single-Family Homes
The overbid percentage has decreased from 109 8% last May 2022, to 102% a year later
Condos & Townhomes
The overbid percentage has decreased from 104.6% last May 2022, to 100% a year later.
