Is 94507, 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, 94507 has remained a Seller's Market.
Housing Prices in 94507, CA
How much do homes in 94507, CA cost?
Median Sold Price
$2,550,000
$810/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94507 was $2,550,000 in April 2024, down 1.7% from last year, and the median price per square foot was $810.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $842.5K | $1.0M | +25.5% |
3 Bedrooms | $1.7M | $1.7M | -1.7% |
4 Bedrooms | $2.5M | $2.6M | +3.9% |
5+ Bedrooms | $3.2M | $3.1M | -1.2% |
Summary: 94507 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 94507, CA
How many homes are available in 94507, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 71 | +77.5% |
Summary: The 94507 real estate market had 71 homes for sale in April 2024, a 77.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 15 | 26 | +73.3% |
5+ Bedrooms | 19 | 38 | +100.0% |
Summary: The 94507 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 73.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 94507 in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for 94507, CA
How long does it take to sell a home in 94507, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 21 Days | -23.0% |
Summary: Homes in 94507 had an average of 21 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 94507; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.