Is 94061, 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, 94061 has remained a Seller's Market.
Housing Prices in 94061, CA
How much do homes in 94061, CA cost?
Median Sold Price
$1,867,500
$1,162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94061 was $1,867,500 in March 2024, down 2.1% from last year, and the median price per square foot was $1,162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $582.5K | $755K | +29.6% |
2 Bedrooms | $1.3M | $1.1M | -8.5% |
3 Bedrooms | $1.8M | $1.8M | +2.5% |
4 Bedrooms | $2.5M | $2.3M | -9.0% |
5+ Bedrooms | $2.4M | $2.6M | +6.6% |
Summary: 94061 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 94061, CA
How many homes are available in 94061, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 58 | +23.4% |
Summary: The 94061 real estate market had 58 homes for sale in March 2024, a 23.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 94061 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 53.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 94061 in March 2024, up by 28.6% month-over-month. Of the 18 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for 94061, CA
How long does it take to sell a home in 94061, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -41.3% |
Summary: Homes in 94061 had an average of 17 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 94061; 72% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.