Is 94085, 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, 94085 has remained a Seller's Market.
Housing Prices in 94085, CA
How much do homes in 94085, CA cost?
Median Sold Price
$1,520,000
$970/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94085 was $1,520,000 in March 2024, up 4.1% from last year, and the median price per square foot was $970.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $641K | $680K | +6.1% |
2 Bedrooms | $893K | $885K | -0.9% |
3 Bedrooms | $1.5M | $1.5M | +1.8% |
4 Bedrooms | $1.7M | $1.7M | 0.2% |
5+ Bedrooms | $2.4M | $1.7M | -28.9% |
Summary: 94085 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 28.9%.
Housing Supply in 94085, CA
How many homes are available in 94085, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Summary: The 94085 real estate market had 26 homes for sale in March 2024, a 62.5% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 94085 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 25%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 94085 in March 2024, up by 140.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for 94085, CA
How long does it take to sell a home in 94085, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 12 Days | -47.4% |
Summary: Homes in 94085 had an average of 12 days on market in Mar 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 94085; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.