Is 94015, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94015 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 94015 has remained a Seller's Market.

Key Takeaway

94015 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94015, CA

How much do homes in 94015, CA cost?

Median Sold Price

$1,160,000

$813/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$55,000(-4.5%)

Key Takeaway

Homes in 94015 have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in 94015 was $1,160,000 in March 2024, down 4.5% from last year, and the median price per square foot was $813.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $518K$502.5K
-3.0%
2 $927.5K$930K
0.3%
3 $1.2M$1.1M
-2.5%
4 $1.3M$1.3M
-3.3%
5+ $1.4M$1.4M
-3.0%

Summary: 94015 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Zip Codes

94014
0.0%
94132
-0.7%
94080
-1.9%
94044
-3.1%
94015
-4.5%

Housing Supply in 94015, CA

How many homes are available in 94015, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4755+17.0%

Summary: The 94015 real estate market had 55 homes for sale in March 2024, a 17.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 76
-14.3%
2 75
-28.6%
3 1927
+42.1%
4 1112
+9.1%
5+ 35
+66.7%

Summary: The 94015 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1322+69.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94015, you could pay more than the asking price. 81% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in 94015 in March 2024, up by 69.2% month-over-month. Of the 21 sold homes, 14% were sold under asking, 5% were sold at asking, and 81% were sold over asking.

Days on Market for 94015, CA

How long does it take to sell a home in 94015, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days13 Days-57.6%

Summary: Homes in 94015 had an average of 13 days on market in Mar 2024, down by 57.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94015 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 22 homes were sold in 94015; 64% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

Newest Listings in 94015, CA

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