Is 94502, 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, 94502 has remained a Seller's Market.
Key Takeaway
94502 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94502, CA
How much do homes in 94502, CA cost?
Median Sold Price
$1,038,500
$710/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94502 have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in 94502 was $1,038,500 in April 2024, down 9.9% from last year, and the median price per square foot was $710.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $855K | $835K | -2.3% |
| 2 Bedrooms | $1.0M | $902.5K | -14.0% |
| 3 Bedrooms | $1.2M | $1.1M | -4.2% |
| 4 Bedrooms | $1.6M | $1.3M | -22.2% |
| 5+ Bedrooms | $3.1M | $2.3M | -25.5% |
Summary: 94502 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 25.5%.
Median Sold Price Compared To Nearby Zip Codes
| 94501 | $1.2M | $1.2M | -2.2% |
| 94502 | $1.1M | $1.0M | -9.9% |
Housing Supply in 94502, CA
How many homes are available in 94502, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 94502 real estate market had 21 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 94502 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94502, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 94502 in April 2024, up by 37.5% month-over-month. Of the 10 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.
Days on Market for 94502, CA
How long does it take to sell a home in 94502, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 14 Days | +77.5% |
Summary: Homes in 94502 had an average of 14 days on market in Apr 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94502 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 94502; 91% 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.