Is 94551, 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, 94551 has remained a Seller's Market.
Housing Prices in 94551, CA
How much do homes in 94551, CA cost?
Median Sold Price
$1,025,000
$657/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94551 was $1,025,000 in March 2024, up 2.5% from last year, and the median price per square foot was $657.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $440K | - | N/A |
2 Bedrooms | $752.5K | $755K | 0.3% |
3 Bedrooms | $970K | $1.0M | +3.1% |
4 Bedrooms | $1.2M | $1.2M | +3.2% |
5+ Bedrooms | $1.6M | $1.5M | -9.7% |
Summary: 94551 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 0.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in 94551, CA
How many homes are available in 94551, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 70 | +6.1% |
Summary: The 94551 real estate market had 70 homes for sale in March 2024, a 6.1% 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 | 12 | 7 | -41.7% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 94551 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 41.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 94551 in March 2024, up by 6.9% month-over-month. Of the 31 sold homes, 19% were sold under asking, 3% were sold at asking, and 77% were sold over asking.
Days on Market for 94551, CA
How long does it take to sell a home in 94551, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 10 Days | -9.1% |
Summary: Homes in 94551 had an average of 10 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 94551; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.