Is 94501, 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, 94501 has remained a Seller's Market.
Housing Prices in 94501, CA
How much do homes in 94501, CA cost?
Median Sold Price
$1,200,000
$716/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94501 was $1,200,000 in March 2024, down 2.2% from last year, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $495K | $450K | -9.1% |
2 Bedrooms | $943.2K | $925K | -1.9% |
3 Bedrooms | $1.3M | $1.3M | -3.7% |
4 Bedrooms | $1.6M | $1.5M | -5.2% |
5+ Bedrooms | $1.7M | $1.9M | +9.2% |
Summary: 94501 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in 94501, CA
How many homes are available in 94501, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 74 | +29.8% |
Summary: The 94501 real estate market had 74 homes for sale in March 2024, a 29.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 16 | 25 | +56.3% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 94501 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 56.3%, 3 bedroom homes increased by 45%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 94501 in March 2024, up by 76.9% month-over-month. Of the 23 sold homes, 26% were sold under asking, 9% were sold at asking, and 65% were sold over asking.
Days on Market for 94501, CA
How long does it take to sell a home in 94501, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 19 Days | -19.8% |
Summary: Homes in 94501 had an average of 19 days on market in Mar 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 94501; 83% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.