Is 94112, 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, 94112 has remained a Seller's Market.
Key Takeaway
94112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94112, CA
How much do homes in 94112, CA cost?
Median Sold Price
$1,178,400
$820/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94112 have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in 94112 was $1,178,400 in April 2024, down 4.2% from last year, and the median price per square foot was $820.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $799K | $670K | -16.1% |
| 2 Bedrooms | $1.0M | $1.0M | -7.2% |
| 3 Bedrooms | $1.2M | $1.1M | -7.8% |
| 4 Bedrooms | $1.3M | $1.4M | +6.6% |
| 5+ Bedrooms | $1.6M | $1.4M | -10.2% |
Summary: 94112 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 10.2%.
Housing Supply in 94112, CA
How many homes are available in 94112, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 124 | +20.4% |
Summary: The 94112 real estate market had 124 homes for sale in April 2024, a 20.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 28 | 36 | +28.6% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The 94112 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 34 | +161.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94112, you could pay more than the asking price. 84.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 94112 in April 2024, up by 161.5% month-over-month. Of the 33 sold homes, 12% were sold under asking, 3% were sold at asking, and 85% were sold over asking.
Days on Market for 94112, CA
How long does it take to sell a home in 94112, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 31 Days | +112.2% |
Summary: Homes in 94112 had an average of 31 days on market in Apr 2024, up by 112.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94112 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in 94112; 12% 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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