Is 94559, 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, 94559 has remained a Seller's Market.
Housing Prices in 94559, CA
How much do homes in 94559, CA cost?
Median Sold Price
$825,000
$597/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94559 was $825,000 in March 2024, down 5.7% from last year, and the median price per square foot was $597.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $567.3K | $560K | -1.3% |
2 Bedrooms | $720.7K | $650K | -9.8% |
3 Bedrooms | $867.5K | $850K | -2.0% |
4 Bedrooms | $1.3M | $1.2M | -7.9% |
5+ Bedrooms | $2.1M | $1.5M | -29.0% |
Summary: 94559 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 29%.
Housing Supply in 94559, CA
How many homes are available in 94559, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 56 | +30.2% |
Summary: The 94559 real estate market had 56 homes for sale in March 2024, a 30.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 94559 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 94559 in March 2024, up by 20.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for 94559, CA
How long does it take to sell a home in 94559, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 9 Days | +12.5% |
Summary: Homes in 94559 had an average of 9 days on market in Mar 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 94559; 8% 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.