Is 94114, 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, 94114 has remained a Seller's Market.
Key Takeaway
94114 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94114, CA
How much do homes in 94114, CA cost?
Median Sold Price
$1,670,000
$1,100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 94114 have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in 94114 was $1,670,000 in March 2024, down 9.7% from last year, and the median price per square foot was $1,100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $880K | $775K | -11.9% |
| 2 Bedrooms | $1.5M | $1.3M | -12.8% |
| 3 Bedrooms | $2.1M | $2.0M | -2.8% |
| 4 Bedrooms | $2.8M | $2.5M | -7.6% |
| 5+ Bedrooms | $2.5M | $2.3M | -7.5% |
Summary: 94114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Zip Codes
| 94117 | $1.6M | $1.6M | +0.8% |
| 94131 | $1.6M | $1.5M | -3.9% |
| 94110 | $1.4M | $1.3M | -4.0% |
| 94103 | $860K | $799K | -7.1% |
| 94114 | $1.8M | $1.6M | -9.7% |
Housing Supply in 94114, CA
How many homes are available in 94114, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 103 | 95 | -7.8% |
Summary: The 94114 real estate market had 95 homes for sale in March 2024, a 7.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 33 | 28 | -15.2% |
| 3 Bedrooms | 27 | 26 | -3.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 94114 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94114, you could pay more than the asking price. 59.4% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 94114 in March 2024, up by 6.7% month-over-month. Of the 32 sold homes, 31% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for 94114, CA
How long does it take to sell a home in 94114, CA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94114 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 94114; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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