Is 94005, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94005 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 94005 was a Seller's Market.

Key Takeaway

94005 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 94005, CA

How much do homes in 94005, CA cost?

Median Sold Price

$1,037,500

$718/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$37,500(+3.8%)

Key Takeaway

Homes in 94005 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 94005 was $1,037,500 in November 2024, up 3.8% from last year, and the median price per square foot was $718.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $410K$950K
+131.7%
2 $830K$945K
+13.9%
3 $1.1M$960K
-18.1%
4 $2.3M$2.0M
-13.0%
5+ $1.7M$2.4M
+40.7%

Summary: 94005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.7%, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Zip Codes

94080
+7.2%
94005
+3.8%
94014
-1.0%
94134
-3.7%
94124
-4.6%

Housing Supply in 94005, CA

How many homes are available in 94005, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1819+5.6%

Summary: The 94005 real estate market had 19 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 77
0.0%
3 65
-16.7%
4 34
+33.3%
5+ 23
+50.0%

Summary: The 94005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94005, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 94005 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 94005, CA

How long does it take to sell a home in 94005, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days105 Days+322.7%

Summary: Homes in 94005 had an average of 105 days on market in Nov 2024, up by 322.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 94005 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 94005; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 94005, CA

Nearby Markets to 94005, CA