Is 94401, 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, 94401 has remained a Seller's Market.
Housing Prices in 94401, CA
How much do homes in 94401, CA cost?
Median Sold Price
$1,100,000
$859/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94401 was $1,100,000 in April 2024, up 6.2% from last year, and the median price per square foot was $859.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $590K | -1.7% |
2 Bedrooms | $969K | $945K | -2.5% |
3 Bedrooms | $1.3M | $1.3M | +1.7% |
4 Bedrooms | $1.7M | $1.6M | -5.9% |
5+ Bedrooms | $1.6M | $1.6M | +1.9% |
Summary: 94401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 94401, CA
How many homes are available in 94401, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 65 | +1.6% |
Summary: The 94401 real estate market had 65 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 17 | +13.3% |
2 Bedrooms | 33 | 35 | +6.1% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The 94401 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 94401 in April 2024, up by 76.9% month-over-month. Of the 23 sold homes, 26% were sold under asking, 4% were sold at asking, and 70% were sold over asking.
Days on Market for 94401, CA
How long does it take to sell a home in 94401, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 12 Days | -58.6% |
Summary: Homes in 94401 had an average of 12 days on market in Apr 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 94401; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.