Is 94531, 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, 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
$692,250
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 94531 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 94531 was $692,250 in March 2024, up 0.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360K | N/A |
| 2 Bedrooms | $367.5K | $397.5K | +8.2% |
| 3 Bedrooms | $600K | $620K | +3.3% |
| 4 Bedrooms | $699K | $699K | 0.0% |
| 5+ Bedrooms | $790K | $775K | -1.9% |
Summary: 94531 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 94531, CA
How many homes are available in 94531, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 67 | -10.7% |
Summary: The 94531 real estate market had 67 homes for sale in March 2024, a 10.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 27 | 20 | -25.9% |
| 4 Bedrooms | 27 | 26 | -3.7% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 94531 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 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. 68.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 94531 in March 2024, up by 18.2% month-over-month. Of the 22 sold homes, 5% were sold under asking, 27% were sold at asking, and 68% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 18 Days | -46.1% |
Summary: Homes in 94531 had an average of 18 days on market in Mar 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 March 2024, 26 homes were sold in 94531; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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