Is 94040, 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, 94040 has remained a Seller's Market.
Housing Prices in 94040, CA
How much do homes in 94040, CA cost?
Median Sold Price
$2,550,000
$1,396/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94040 was $2,550,000 in April 2024, up 8.5% from last year, and the median price per square foot was $1,396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $652.5K | $590K | -9.6% |
2 Bedrooms | $950K | $965K | +1.6% |
3 Bedrooms | $2.4M | $2.5M | +3.1% |
4 Bedrooms | $2.9M | $3.4M | +16.6% |
5+ Bedrooms | $3.5M | $4.4M | +25.6% |
Summary: 94040 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 25.6%.
Housing Supply in 94040, CA
How many homes are available in 94040, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 60 | +36.4% |
Summary: The 94040 real estate market had 60 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 94040 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 19 | +111.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 94040 in April 2024, up by 111.1% month-over-month. Of the 19 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 94040, CA
How long does it take to sell a home in 94040, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 20 Days | +164.1% |
Summary: Homes in 94040 had an average of 20 days on market in Apr 2024, up by 164.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 94040; 84% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.