Is 94121, 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, 94121 has remained a Seller's Market.
Key Takeaway
94121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94121, CA
How much do homes in 94121, CA cost?
Median Sold Price
$1,670,000
$912/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94121 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 94121 was $1,670,000 in April 2024, down 3.5% from last year, and the median price per square foot was $912.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $785K | $680K | -13.4% |
| 2 Bedrooms | $1.3M | $1.3M | +1.4% |
| 3 Bedrooms | $1.6M | $1.5M | -8.5% |
| 4 Bedrooms | $2.3M | $2.0M | -13.0% |
| 5+ Bedrooms | $2.2M | $2.1M | -2.3% |
Summary: 94121 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Zip Codes
| 94118 | $1.8M | $2.0M | +8.6% |
| 94121 | $1.7M | $1.6M | -3.5% |
| 94122 | $1.6M | $1.5M | -5.8% |
Housing Supply in 94121, CA
How many homes are available in 94121, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 84 | +10.5% |
Summary: The 94121 real estate market had 84 homes for sale in April 2024, a 10.5% 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 | 9 | 18 | +100.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 94121 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 100%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 25 | +78.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94121, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 94121 in April 2024, up by 78.6% month-over-month. Of the 25 sold homes, 16% were sold under asking, 8% were sold at asking, and 76% were sold over asking.
Days on Market for 94121, CA
How long does it take to sell a home in 94121, CA?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94121 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 94121; 12% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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