Is 94022, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 94022 has remained a Seller's Market.
Housing Prices in 94022, CA
How much do homes in 94022, CA cost?
Median Sold Price
$4,060,000
$1,455/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94022 was $4,060,000 in March 2024, down 5.6% from last year, and the median price per square foot was $1,455.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $1.1M | +41.1% |
2 Bedrooms | $1.6M | $1.6M | -3.0% |
3 Bedrooms | $3.5M | $3.5M | 0.1% |
4 Bedrooms | $4.6M | $4.5M | -2.0% |
5+ Bedrooms | $6.4M | $5.8M | -10.0% |
Summary: 94022 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 94022, CA
How many homes are available in 94022, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 51 | +18.6% |
Summary: The 94022 real estate market had 51 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 94022 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 94022 in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 7% were sold at asking, and 40% were sold over asking.
Days on Market for 94022, CA
How long does it take to sell a home in 94022, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 13 Days | -67.4% |
Summary: Homes in 94022 had an average of 13 days on market in Mar 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 94022; 80% 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.