Is 94041, 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, 94041 has remained a Seller's Market.
Housing Prices in 94041, CA
How much do homes in 94041, CA cost?
Median Sold Price
$2,100,000
$1,483/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94041 was $2,100,000 in April 2024, up 2.4% from last year, and the median price per square foot was $1,483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.7M | N/A |
2 Bedrooms | $1.4M | $1.8M | +21.2% |
3 Bedrooms | $2.1M | $2.2M | +5.6% |
4 Bedrooms | $2.5M | $3.2M | +30.0% |
5+ Bedrooms | $3.5M | $3.0M | -13.8% |
Summary: 94041 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 increased by 21.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 13.8%.
Housing Supply in 94041, CA
How many homes are available in 94041, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Summary: The 94041 real estate market had 26 homes for sale in April 2024, a 62.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 94041 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 94041 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for 94041, CA
How long does it take to sell a home in 94041, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 9 Days | -5.3% |
Summary: Homes in 94041 had an average of 9 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 94041; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.