Is 94131, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 94131 has remained a Seller's Market.
Housing Prices in 94131, CA
How much do homes in 94131, CA cost?
Median Sold Price
$1,585,000
$962/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94131 was $1,585,000 in March 2024, down 3.9% from last year, and the median price per square foot was $962.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $622.5K | -22.2% |
2 Bedrooms | $1.3M | $1.2M | -3.9% |
3 Bedrooms | $1.8M | $1.6M | -10.2% |
4 Bedrooms | $2.6M | $2.2M | -15.4% |
5+ Bedrooms | $3.5M | $2.2M | -35.1% |
Summary: 94131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Zip Codes
94117 | $1.6M | $1.6M | +0.8% |
94131 | $1.6M | $1.5M | -3.9% |
94110 | $1.4M | $1.3M | -4.0% |
94127 | $1.9M | $1.8M | -7.3% |
94114 | $1.8M | $1.6M | -9.7% |
Housing Supply in 94131, CA
How many homes are available in 94131, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 78 | +6.8% |
Summary: The 94131 real estate market had 78 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 94131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 94131 in March 2024, the same as the previous month. Of the 18 sold homes, 11% were sold under asking, 6% were sold at asking, and 83% were sold over asking.
Days on Market for 94131, CA
How long does it take to sell a home in 94131, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 73 Days | +601.6% |
Summary: Homes in 94131 had an average of 73 days on market in Mar 2024, up by 601.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 94131; 6% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.