Is 94531, 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, 94531 has remained a Seller's Market.
Key Takeaway
94531 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94531, CA
How much do homes in 94531, CA cost?
Median Sold Price
$690,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94531 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 94531 was $690,000 in April 2024, up 1.5% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $367.5K | $360K | -2.0% |
| 3 Bedrooms | $600K | $620K | +3.3% |
| 4 Bedrooms | $685K | $699.9K | +2.2% |
| 5+ Bedrooms | $775K | $772.5K | -0.3% |
Summary: 94531 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 decreased by 2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 94531, CA
How many homes are available in 94531, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 84 | +13.5% |
Summary: The 94531 real estate market had 84 homes for sale in April 2024, a 13.5% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 29 | 41 | +41.4% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 94531 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 remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94531, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 94531 in April 2024, down by 7.4% month-over-month. Of the 24 sold homes, 17% were sold under asking, 21% were sold at asking, and 63% were sold over asking.
Days on Market for 94531, CA
How long does it take to sell a home in 94531, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 26 Days | -33.5% |
Summary: Homes in 94531 had an average of 26 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94531 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 94531; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.