Is 94122, 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, 94122 has remained a Seller's Market.
Key Takeaway
94122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94122, CA
How much do homes in 94122, CA cost?
Median Sold Price
$1,550,000
$935/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94122 have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in 94122 was $1,550,000 in April 2024, down 5.8% from last year, and the median price per square foot was $935.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $725K | $737K | +1.7% |
| 2 Bedrooms | $1.4M | $1.4M | -1.4% |
| 3 Bedrooms | $1.7M | $1.6M | -7.9% |
| 4 Bedrooms | $1.8M | $1.6M | -7.0% |
| 5+ Bedrooms | $2.3M | $1.9M | -16.2% |
Summary: 94122 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Zip Codes
| 94118 | $1.8M | $2.0M | +8.6% |
| 94117 | $1.6M | $1.6M | +2.7% |
| 94121 | $1.7M | $1.6M | -3.5% |
| 94116 | $1.5M | $1.5M | -3.7% |
| 94122 | $1.6M | $1.5M | -5.8% |
Housing Supply in 94122, CA
How many homes are available in 94122, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 70 | -4.1% |
Summary: The 94122 real estate market had 70 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The 94122 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94122, you could pay more than the asking price. 72% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 94122 in April 2024, up by 4.2% month-over-month. Of the 25 sold homes, 20% were sold under asking, 8% were sold at asking, and 72% were sold over asking.
Days on Market for 94122, CA
How long does it take to sell a home in 94122, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 14 Days | +147.2% |
Summary: Homes in 94122 had an average of 14 days on market in Apr 2024, up by 147.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94122 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 94122; 20% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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