Is 94087, 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, 94087 has remained a Seller's Market.
Housing Prices in 94087, CA
How much do homes in 94087, CA cost?
Median Sold Price
$2,400,000
$1,394/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94087 was $2,400,000 in March 2024, down 0.4% from last year, and the median price per square foot was $1,394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $552.5K | $619K | +12.0% |
2 Bedrooms | $1.1M | $1.0M | -0.2% |
3 Bedrooms | $2.3M | $2.2M | -4.0% |
4 Bedrooms | $2.6M | $2.6M | 0.4% |
5+ Bedrooms | $2.8M | $2.8M | 0.5% |
Summary: 94087 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 94087, CA
How many homes are available in 94087, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 55 | +48.6% |
Summary: The 94087 real estate market had 55 homes for sale in March 2024, a 48.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 13 | 20 | +53.8% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 94087 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 94087 in March 2024, up by 50.0% month-over-month. Of the 20 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for 94087, CA
How long does it take to sell a home in 94087, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 8 Days | -53.9% |
Summary: Homes in 94087 had an average of 8 days on market in Mar 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 94087; 95% 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.