Is 94560, 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, 94560 has remained a Seller's Market.
Housing Prices in 94560, CA
How much do homes in 94560, CA cost?
Median Sold Price
$1,207,500
$758/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94560 was $1,207,500 in March 2024, up 5% from last year, and the median price per square foot was $758.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $473K | $478K | +1.1% |
2 Bedrooms | $650K | $667K | +2.6% |
3 Bedrooms | $1.1M | $1.2M | +8.1% |
4 Bedrooms | $1.3M | $1.4M | +5.2% |
5+ Bedrooms | $2.0M | $1.7M | -15.0% |
Summary: 94560 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 15%.
Housing Supply in 94560, CA
How many homes are available in 94560, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 73 | +28.1% |
Summary: The 94560 real estate market had 73 homes for sale in March 2024, a 28.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 94560 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 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 30 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 94560 in March 2024, up by 42.9% month-over-month. Of the 30 sold homes, 10% were sold under asking, 3% were sold at asking, and 87% were sold over asking.
Days on Market for 94560, CA
How long does it take to sell a home in 94560, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 12 Days | -45.7% |
Summary: Homes in 94560 had an average of 12 days on market in Mar 2024, down by 45.7% 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, 30 homes were sold in 94560; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.