Is 94583, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 94583 has remained a Seller's Market.
Key Takeaway
94583 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94583, CA
How much do homes in 94583, CA cost?
Median Sold Price
$1,439,000
$762/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94583 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 94583 was $1,439,000 in April 2024, up 1% from last year, and the median price per square foot was $762.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $442.4K | $502K | +13.5% |
| 2 Bedrooms | $660K | $683K | +3.5% |
| 3 Bedrooms | $1.3M | $1.3M | +0.9% |
| 4 Bedrooms | $1.6M | $1.7M | +5.5% |
| 5+ Bedrooms | $2.1M | $2.3M | +6.0% |
Summary: 94583 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 94552 | $1.4M | $1.5M | +4.4% |
| 94526 | $1.6M | $1.7M | +3.4% |
| 94583 | $1.4M | $1.4M | +1.0% |
| 94582 | $1.6M | $1.6M | -1.3% |
| 94507 | $2.5M | $2.5M | -1.7% |
Housing Supply in 94583, CA
How many homes are available in 94583, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 78 | +25.8% |
Summary: The 94583 real estate market had 78 homes for sale in April 2024, a 25.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 29 | 38 | +31.0% |
| 5+ Bedrooms | 6 | 15 | +150.0% |
Summary: The 94583 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 28 | +21.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94583, you could pay more than the asking price. 85.2% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in 94583 in April 2024, up by 21.7% month-over-month. Of the 27 sold homes, 15% were sold under asking, 0% were sold at asking, and 85% were sold over asking.
Days on Market for 94583, CA
How long does it take to sell a home in 94583, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | -0.8% |
Summary: Homes in 94583 had an average of 16 days on market in Apr 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94583 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 94583; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.