Is 94109, 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, 94109 has remained a Seller's Market.
Key Takeaway
94109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94109, CA
How much do homes in 94109, CA cost?
Median Sold Price
$1,139,333
$922/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94109 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 94109 was $1,139,333 in April 2024, up 8.3% from last year, and the median price per square foot was $922.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $767.5K | $707.5K | -7.8% |
| 2 Bedrooms | $1.2M | $1.0M | -8.6% |
| 3 Bedrooms | $1.6M | $1.7M | +3.9% |
| 4 Bedrooms | $3.5M | $2.3M | -32.1% |
| 5+ Bedrooms | $2.8M | $2.9M | +3.9% |
Summary: 94109 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Zip Codes
| 94109 | $1.0M | $1.1M | +8.3% |
| 94115 | $1.5M | $1.5M | +1.4% |
| 94123 | $2.3M | $2.2M | -2.6% |
| 94133 | $1.6M | $1.4M | -12.5% |
| 94108 | $1.4M | $1.2M | -13.4% |
Housing Supply in 94109, CA
How many homes are available in 94109, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 173 | 193 | +11.6% |
Summary: The 94109 real estate market had 193 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 53 | 67 | +26.4% |
| 2 Bedrooms | 60 | 65 | +8.3% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The 94109 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94109, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 94109 in April 2024, up by 30.8% month-over-month. Of the 34 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for 94109, CA
How long does it take to sell a home in 94109, CA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 94109 has remained consistent over time.
Summary: During April 2024, 34 homes were sold in 94109; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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