Is 94591, 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, 94591 has remained a Seller's Market.
Housing Prices in 94591, CA
How much do homes in 94591, CA cost?
Median Sold Price
$581,333
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94591 was $581,333 in March 2024, down 2.3% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $302.5K | $315K | +4.1% |
2 Bedrooms | $450K | $457K | +1.6% |
3 Bedrooms | $555.5K | $540K | -2.8% |
4 Bedrooms | $692K | $700K | +1.2% |
5+ Bedrooms | $755K | $729K | -3.4% |
Summary: 94591 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 94591, CA
How many homes are available in 94591, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 126 | +23.5% |
Summary: The 94591 real estate market had 126 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 23 | 30 | +30.4% |
3 Bedrooms | 41 | 55 | +34.1% |
4 Bedrooms | 27 | 26 | -3.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 94591 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 34.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 37 | +19.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 94591 in March 2024, up by 19.4% month-over-month. Of the 36 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for 94591, CA
How long does it take to sell a home in 94591, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 26 Days | -14.7% |
Summary: Homes in 94591 had an average of 26 days on market in Mar 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
10 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, 37 homes were sold in 94591; 27% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.