Is 94541, 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, 94541 has remained a Seller's Market.
Housing Prices in 94541, CA
How much do homes in 94541, CA cost?
Median Sold Price
$810,000
$580/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94541 was $810,000 in March 2024, up 1.3% from last year, and the median price per square foot was $580.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427.4K | $477.5K | +11.7% |
2 Bedrooms | $675.5K | $645.7K | -4.4% |
3 Bedrooms | $829K | $825K | -0.5% |
4 Bedrooms | $1.0M | $1.1M | +7.1% |
5+ Bedrooms | $1.0M | $1.1M | +7.5% |
Summary: 94541 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in 94541, CA
How many homes are available in 94541, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 58 | +11.5% |
Summary: The 94541 real estate market had 58 homes for sale in March 2024, a 11.5% increase 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 | 13 | 10 | -23.1% |
3 Bedrooms | 25 | 34 | +36.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 94541 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 23.1%, 3 bedroom homes increased by 36%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 94541 in March 2024, down by 27.8% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for 94541, CA
How long does it take to sell a home in 94541, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 11 Days | -47.4% |
Summary: Homes in 94541 had an average of 11 days on market in Mar 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 94541; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.