Is 94518, 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, 94518 has remained a Seller's Market.
Housing Prices in 94518, CA
How much do homes in 94518, CA cost?
Median Sold Price
$832,000
$517/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94518 was $832,000 in March 2024, up 0.7% from last year, and the median price per square foot was $517.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $339K | +4.3% |
2 Bedrooms | $414.7K | $424.8K | +2.4% |
3 Bedrooms | $800K | $819.5K | +2.4% |
4 Bedrooms | $999.5K | $974K | -2.6% |
5+ Bedrooms | $1.2M | $1.2M | +4.1% |
Summary: 94518 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 94518, CA
How many homes are available in 94518, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 54 | +5.9% |
Summary: The 94518 real estate market had 54 homes for sale in March 2024, a 5.9% 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 | 11 | 17 | +54.5% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The 94518 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 54.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 94518 in March 2024, down by 40.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for 94518, CA
How long does it take to sell a home in 94518, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 22 Days | +81.1% |
Summary: Homes in 94518 had an average of 22 days on market in Mar 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
8 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, 12 homes were sold in 94518; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.