Is 94024, 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, 94024 has remained a Seller's Market.
Housing Prices in 94024, CA
How much do homes in 94024, CA cost?
Median Sold Price
$4,075,000
$1,723/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94024 was $4,075,000 in April 2024, up 6.5% from last year, and the median price per square foot was $1,723.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.3M | N/A |
2 Bedrooms | $3.2M | $2.5M | -19.5% |
3 Bedrooms | $3.4M | $3.6M | +7.6% |
4 Bedrooms | $3.8M | $4.1M | +7.4% |
5+ Bedrooms | $5.2M | $5.2M | +0.7% |
Summary: 94024 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 94024, CA
How many homes are available in 94024, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +20.8% |
Summary: The 94024 real estate market had 58 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 94024 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 94024 in April 2024, up by 46.7% month-over-month. Of the 22 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for 94024, CA
How long does it take to sell a home in 94024, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 10 Days | -6.6% |
Summary: Homes in 94024 had an average of 10 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 94024; 95% 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.