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.
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
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
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
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.