Is 94505, 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, 94505 has remained a Seller's Market.
Housing Prices in 94505, CA
How much do homes in 94505, CA cost?
Median Sold Price
$819,500
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94505 was $819,500 in March 2024, up 1.5% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | - | N/A |
2 Bedrooms | $530K | $525K | -0.9% |
3 Bedrooms | $812.5K | $819K | +0.8% |
4 Bedrooms | $810K | $822.5K | +1.5% |
5+ Bedrooms | $838.5K | $855K | +2.0% |
Summary: 94505 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Zip Codes
95391 | $950K | $1.0M | +7.6% |
94505 | $807.5K | $819.5K | +1.5% |
94513 | $820K | $800K | -2.4% |
Housing Supply in 94505, CA
How many homes are available in 94505, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 69 | +43.8% |
Summary: The 94505 real estate market had 69 homes for sale in March 2024, a 43.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 94505 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 94505 in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 94505, CA
How long does it take to sell a home in 94505, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 17 Days | -74.4% |
Summary: Homes in 94505 had an average of 17 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 94505; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.