Is 94533, 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, 94533 has remained a Seller's Market.
Key Takeaway
94533 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94533, CA
How much do homes in 94533, CA cost?
Median Sold Price
$549,583
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94533 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 94533 was $549,583 in April 2024, up 2.7% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $266K | $280K | +5.3% |
| 2 Bedrooms | $347.5K | $333.5K | -4.0% |
| 3 Bedrooms | $500K | $514K | +2.8% |
| 4 Bedrooms | $625K | $620K | -0.8% |
| 5+ Bedrooms | $767.5K | $751K | -2.1% |
Summary: 94533 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 94533, CA
How many homes are available in 94533, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 177 | 161 | -9.0% |
Summary: The 94533 real estate market had 161 homes for sale in April 2024, a 9.0% decrease 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 | 20 | 16 | -20.0% |
| 3 Bedrooms | 78 | 71 | -9.0% |
| 4 Bedrooms | 60 | 57 | -5.0% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The 94533 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 decreased by 20%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 39 | -27.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94533, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 94533 in April 2024, down by 27.8% month-over-month. Of the 38 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for 94533, CA
How long does it take to sell a home in 94533, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 53 Days | -20.8% |
Summary: Homes in 94533 had an average of 53 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 94533 has remained consistent over time.
Summary: During April 2024, 39 homes were sold in 94533; 8% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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