Is 94118, 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, 94118 has remained a Seller's Market.
Key Takeaway
94118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94118, CA
How much do homes in 94118, CA cost?
Median Sold Price
$2,010,000
$1,023/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94118 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 94118 was $2,010,000 in April 2024, up 8.6% from last year, and the median price per square foot was $1,023.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $772K | $798K | +3.4% |
| 2 Bedrooms | $1.3M | $1.2M | -7.2% |
| 3 Bedrooms | $1.9M | $1.9M | -2.5% |
| 4 Bedrooms | $2.8M | $2.7M | -3.5% |
| 5+ Bedrooms | $2.3M | $3.7M | +62.5% |
Summary: 94118 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 62.5%.
Median Sold Price Compared To Nearby Zip Codes
| 94118 | $1.8M | $2.0M | +8.6% |
| 94117 | $1.6M | $1.6M | +2.7% |
| 94115 | $1.5M | $1.5M | +1.4% |
| 94121 | $1.7M | $1.6M | -3.5% |
Housing Supply in 94118, CA
How many homes are available in 94118, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 68 | -5.6% |
Summary: The 94118 real estate market had 68 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The 94118 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 14.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94118, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 94118 in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 0% were sold at asking, and 65% were sold over asking.
Days on Market for 94118, CA
We’re sorry, we don't have information for this market at the moment
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