Is 94574, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94574 is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, 94574 has remained a Buyer's Market.

Key Takeaway

94574 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 94574, CA

How much do homes in 94574, CA cost?

Median Sold Price

$1,555,000

$736/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$190,000(-10.9%)

Key Takeaway

Homes in 94574 have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in 94574 was $1,555,000 in March 2024, down 10.9% from last year, and the median price per square foot was $736.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $638K$1.2M
+88.2%
2 $1.2M$750K
-40.0%
3 $1.7M$1.5M
-9.3%
4 $2.8M$2.0M
-27.9%
5+ $5.5M$4.3M
-22.5%

Summary: 94574 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.2%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 27.9%, and 5+ bedroom homes decreased by 22.5%.

Median Sold Price Compared To Nearby Zip Codes

94558
-3.1%
94574
-10.9%
94508
-18.8%

Housing Supply in 94574, CA

How many homes are available in 94574, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3747+27.0%

Summary: The 94574 real estate market had 47 homes for sale in March 2024, a 27.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1622
+37.5%
4 811
+37.5%
5+ 56
+20.0%

Summary: The 94574 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94574, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 94574 in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 94574, CA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in 94574, CA

Nearby Markets to 94574, CA