Is 94530, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94530 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 94530 has remained a Seller's Market.

Key Takeaway

94530 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94530, CA

How much do homes in 94530, CA cost?

Median Sold Price

$1,178,500

$760/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$46,500(-3.8%)

Key Takeaway

Homes in 94530 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 94530 was $1,178,500 in April 2024, down 3.8% from last year, and the median price per square foot was $760.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $771K$750K
-2.7%
2 $965K$925K
-4.1%
3 $1.2M$1.2M
+4.1%
4 $1.6M$1.3M
-16.3%
5+ $1.5M$1.6M
+3.1%

Summary: 94530 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

94707
+6.7%
94804
-1.7%
94530
-3.8%
94805
-8.1%
94706
-12.5%

Housing Supply in 94530, CA

How many homes are available in 94530, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3954+38.5%

Summary: The 94530 real estate market had 54 homes for sale in April 2024, a 38.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1220
+66.7%
3 1823
+27.8%
4 79
+28.6%
5+ 22
0.0%

Summary: The 94530 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 66.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
926+188.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94530, you could pay more than the asking price. 88.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 94530 in April 2024, up by 188.9% month-over-month. Of the 26 sold homes, 12% were sold under asking, 0% were sold at asking, and 88% were sold over asking.

Days on Market for 94530, CA

How long does it take to sell a home in 94530, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days12 Days-36.0%

Summary: Homes in 94530 had an average of 12 days on market in Apr 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94530 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 26 homes were sold in 94530; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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