Is 94127, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 94127 has remained a Seller's Market.
Housing Prices in 94127, CA
How much do homes in 94127, CA cost?
Median Sold Price
$1,835,000
$969/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 94127 was $1,835,000 in May 2024, up 1.4% from last year, and the median price per square foot was $969.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.3M | $1.4M | +11.5% |
3 Bedrooms | $1.7M | $1.7M | +1.4% |
4 Bedrooms | $2.2M | $2.3M | +5.5% |
5+ Bedrooms | $2.8M | $2.8M | -2.8% |
Summary: 94127 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Zip Codes
94132 | $1.3M | $1.3M | +2.1% |
94127 | $1.8M | $1.8M | +1.4% |
94131 | $1.6M | $1.6M | -0.5% |
94112 | $1.2M | $1.1M | -1.2% |
94116 | $1.5M | $1.5M | -2.7% |
Housing Supply in 94127, CA
How many homes are available in 94127, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 43 | -24.6% |
Summary: The 94127 real estate market had 43 homes for sale in May 2024, a 24.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 26 | 22 | -15.4% |
4 Bedrooms | 15 | 10 | -33.3% |
5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 94127 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 94127 in May 2024, down by 16.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for 94127, CA
How long does it take to sell a home in 94127, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 16 Days | -70.1% |
Summary: Homes in 94127 had an average of 16 days on market in May 2024, down by 70.1% compared to last year.
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
Summary: During May 2024, 21 homes were sold in 94127; 14% 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.