Is 94531, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94531 is a 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

+$5,250(+0.8%)

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

# BEDSMar 2023Mar 2024CHANGE
1 -$360K
N/A
2 $367.5K$397.5K
+8.2%
3 $600K$620K
+3.3%
4 $699K$699K
0.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

94561
+1.9%
94531
+0.8%
94509
0.0%
94513
-2.4%

Housing Supply in 94531, CA

How many homes are available in 94531, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7567-10.7%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2720
-25.9%
4 2726
-3.7%
5+ 1718
+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 2024Mar 2024CHANGE
2226+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
34 Days18 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

Breakdown of Home Sale Times

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.

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

Report Updated 30 Days Ago

Newest Listings in 94531, CA

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