Is 94116, 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, 94116 has remained a Seller's Market.
Housing Prices in 94116, CA
How much do homes in 94116, CA cost?
Median Sold Price
$1,503,000
$950/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94116 was $1,503,000 in April 2024, down 3.7% from last year, and the median price per square foot was $950.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $912.5K | N/A |
2 Bedrooms | $1.4M | $1.3M | -7.1% |
3 Bedrooms | $1.5M | $1.5M | -0.2% |
4 Bedrooms | $1.8M | $1.7M | -7.9% |
5+ Bedrooms | $2.2M | $1.7M | -21.5% |
Summary: 94116 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Zip Codes
94132 | $1.3M | $1.3M | +2.5% |
94127 | $1.9M | $1.8M | -3.4% |
94116 | $1.5M | $1.5M | -3.7% |
94131 | $1.6M | $1.5M | -5.0% |
94122 | $1.6M | $1.5M | -5.8% |
Housing Supply in 94116, CA
How many homes are available in 94116, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 60 | +15.4% |
Summary: The 94116 real estate market had 60 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 24 | 30 | +25.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 94116 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 94116 in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for 94116, CA
How long does it take to sell a home in 94116, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +8.3% |
Summary: Homes in 94116 had an average of 32 days on market in Apr 2024, up by 8.3% compared to last year.
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
Summary: During April 2024, 17 homes were sold in 94116; 6% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.