Is 94577, 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, 94577 has remained a Seller's Market.
Housing Prices in 94577, CA
How much do homes in 94577, CA cost?
Median Sold Price
$830,000
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94577 was $830,000 in March 2024, down 2.4% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $368.5K | -13.3% |
2 Bedrooms | $684K | $702.5K | +2.7% |
3 Bedrooms | $844.4K | $838K | -0.8% |
4 Bedrooms | $1.2M | $1.1M | -8.3% |
5+ Bedrooms | $1.2M | $1.1M | -7.1% |
Summary: 94577 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 94577, CA
How many homes are available in 94577, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 70 | +22.8% |
Summary: The 94577 real estate market had 70 homes for sale in March 2024, a 22.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 23 | 33 | +43.5% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 94577 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 43.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 94577 in March 2024, up by 56.3% month-over-month. Of the 23 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for 94577, CA
How long does it take to sell a home in 94577, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 17 Days | +13.4% |
Summary: Homes in 94577 had an average of 17 days on market in Mar 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 94577; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.