Is 94590, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94590 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 94590 has remained a Seller's Market.

Key Takeaway

94590 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94590, CA

How much do homes in 94590, CA cost?

Median Sold Price

$476,000

$380/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$18,000(-3.6%)

Key Takeaway

Homes in 94590 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 94590 was $476,000 in April 2024, down 3.6% from last year, and the median price per square foot was $380.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $242.5K$233.5K
-3.7%
2 $435K$450K
+3.4%
3 $525K$500K
-4.8%
4 $590K$580K
-1.7%
5+ $623.9K$575K
-7.8%

Summary: 94590 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Zip Codes

94589
-0.5%
94591
-0.9%
94590
-3.6%

Housing Supply in 94590, CA

How many homes are available in 94590, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7595+26.7%

Summary: The 94590 real estate market had 95 homes for sale in April 2024, a 26.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 43
-25.0%
2 2527
+8.0%
3 3139
+25.8%
4 1420
+42.9%
5+ 16
+500.0%

Summary: The 94590 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 500%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1923+21.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94590, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 94590 in April 2024, up by 21.1% month-over-month. Of the 23 sold homes, 17% were sold under asking, 26% were sold at asking, and 57% were sold over asking.

Days on Market for 94590, CA

How long does it take to sell a home in 94590, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
45 Days31 Days-30.8%

Summary: Homes in 94590 had an average of 31 days on market in Apr 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 94590 has remained consistent over time.

Summary: During April 2024, 23 homes were sold in 94590; 13% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in 94590, CA

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