Is 94550, 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, 94550 has remained a Seller's Market.
Housing Prices in 94550, CA
How much do homes in 94550, CA cost?
Median Sold Price
$1,215,000
$681/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94550 was $1,215,000 in March 2024, up 0.2% from last year, and the median price per square foot was $681.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $412.3K | -3.0% |
2 Bedrooms | $745K | $740K | -0.7% |
3 Bedrooms | $1.0M | $1.1M | +0.7% |
4 Bedrooms | $1.3M | $1.4M | +4.3% |
5+ Bedrooms | $2.0M | $1.8M | -8.0% |
Summary: 94550 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Zip Codes
94550 | $1.2M | $1.2M | 0.2% |
95377 | $862.5K | $805K | -6.7% |
Housing Supply in 94550, CA
How many homes are available in 94550, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 96 | +45.5% |
Summary: The 94550 real estate market had 96 homes for sale in March 2024, a 45.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 25 | 39 | +56.0% |
4 Bedrooms | 20 | 33 | +65.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 94550 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 56%, 4 bedroom homes increased by 65%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 94550 in March 2024, up by 39.1% month-over-month. Of the 31 sold homes, 26% were sold under asking, 3% were sold at asking, and 71% were sold over asking.
Days on Market for 94550, CA
How long does it take to sell a home in 94550, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 33 Days | +80.4% |
Summary: Homes in 94550 had an average of 33 days on market in Mar 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 94550; 84% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.