Is 94070, 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, 94070 has remained a Seller's Market.
Housing Prices in 94070, CA
How much do homes in 94070, CA cost?
Median Sold Price
$2,100,000
$1,147/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 94070 was $2,100,000 in March 2024, the same as last year, and the median price per square foot was $1,147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $878.8K | $820K | -6.7% |
2 Bedrooms | $1.3M | $1.4M | +7.4% |
3 Bedrooms | $2.1M | $2.1M | 0.0% |
4 Bedrooms | $3.0M | $2.7M | -10.0% |
5+ Bedrooms | $4.3M | $3.5M | -19.5% |
Summary: 94070 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 19.5%.
Housing Supply in 94070, CA
How many homes are available in 94070, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 68 | +30.8% |
Summary: The 94070 real estate market had 68 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 15 | 24 | +60.0% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 94070 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 27 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 94070 in March 2024, up by 80.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for 94070, CA
How long does it take to sell a home in 94070, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 18 Days | -14.5% |
Summary: Homes in 94070 had an average of 18 days on market in Mar 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 94070; 81% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.