Is 94587, 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, 94587 has remained a Seller's Market.
Housing Prices in 94587, CA
How much do homes in 94587, CA cost?
Median Sold Price
$1,230,000
$755/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94587 was $1,230,000 in April 2024, up 5.3% from last year, and the median price per square foot was $755.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $425K | +2.4% |
2 Bedrooms | $585K | $590K | +0.9% |
3 Bedrooms | $1.1M | $1.1M | +1.7% |
4 Bedrooms | $1.3M | $1.4M | +10.1% |
5+ Bedrooms | $1.7M | $1.6M | -5.7% |
Summary: 94587 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 94587, CA
How many homes are available in 94587, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 72 | +41.2% |
Summary: The 94587 real estate market had 72 homes for sale in April 2024, a 41.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 12 | +71.4% |
3 Bedrooms | 20 | 33 | +65.0% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 94587 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 65%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 31 | +106.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 94587 in April 2024, up by 106.7% month-over-month. Of the 31 sold homes, 6% were sold under asking, 3% were sold at asking, and 90% were sold over asking.
Days on Market for 94587, CA
How long does it take to sell a home in 94587, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 14 Days | +41.4% |
Summary: Homes in 94587 had an average of 14 days on market in Apr 2024, up by 41.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 94587; 94% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.