Is 94402, 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, 94402 has remained a Seller's Market.
Housing Prices in 94402, CA
How much do homes in 94402, CA cost?
Median Sold Price
$2,285,000
$1,179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94402 was $2,285,000 in March 2024, up 1% from last year, and the median price per square foot was $1,179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $595K | $610K | +2.5% |
2 Bedrooms | $1.3M | $1.3M | +6.6% |
3 Bedrooms | $2.2M | $2.2M | +1.8% |
4 Bedrooms | $3.0M | $2.8M | -7.4% |
5+ Bedrooms | $3.3M | $3.5M | +6.6% |
Summary: 94402 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 94402, CA
How many homes are available in 94402, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 59 | +28.3% |
Summary: The 94402 real estate market had 59 homes for sale in March 2024, a 28.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 94402 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 94402 in March 2024, up by 41.7% month-over-month. Of the 16 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for 94402, CA
How long does it take to sell a home in 94402, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 19 Days | -24.8% |
Summary: Homes in 94402 had an average of 19 days on market in Mar 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 94402; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.