Is 94523, 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, 94523 has remained a Seller's Market.
Housing Prices in 94523, CA
How much do homes in 94523, CA cost?
Median Sold Price
$980,007
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94523 was $980,007 in April 2024, up 0.6% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $375K | +19.0% |
2 Bedrooms | $596.5K | $614K | +2.9% |
3 Bedrooms | $930K | $920K | -1.1% |
4 Bedrooms | $1.2M | $1.3M | +5.4% |
5+ Bedrooms | $1.4M | $1.4M | 0.4% |
Summary: 94523 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Zip Codes
94597 | $899K | $995K | +10.7% |
94518 | $803.3K | $844.5K | +5.1% |
94520 | $622.3K | $642K | +3.2% |
94523 | $974.3K | $980K | +0.6% |
94549 | $1.9M | $1.8M | -6.4% |
Housing Supply in 94523, CA
How many homes are available in 94523, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 63 | +23.5% |
Summary: The 94523 real estate market had 63 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 94523 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 94523 in April 2024, up by 23.8% month-over-month. Of the 24 sold homes, 38% were sold under asking, 4% were sold at asking, and 58% were sold over asking.
Days on Market for 94523, CA
How long does it take to sell a home in 94523, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 16 Days | +38.6% |
Summary: Homes in 94523 had an average of 16 days on market in Apr 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 94523; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.