Is 94597, 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, 94597 has remained a Seller's Market.
Housing Prices in 94597, CA
How much do homes in 94597, CA cost?
Median Sold Price
$995,000
$608/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 94597 was $995,000 in April 2024, up 10.7% from last year, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400.2K | $407.5K | +1.8% |
2 Bedrooms | $618.9K | $659.9K | +6.6% |
3 Bedrooms | $1.1M | $1.1M | -4.3% |
4 Bedrooms | $1.5M | $1.3M | -12.0% |
5+ Bedrooms | $1.7M | $1.6M | -5.9% |
Summary: 94597 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Zip Codes
94596 | $945K | $1.1M | +16.9% |
94597 | $899K | $995K | +10.7% |
94518 | $803.3K | $844.5K | +5.1% |
94523 | $974.3K | $980K | +0.6% |
94549 | $1.9M | $1.8M | -6.4% |
Housing Supply in 94597, CA
How many homes are available in 94597, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 64 | -7.2% |
Summary: The 94597 real estate market had 64 homes for sale in April 2024, a 7.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 94597 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 17.4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 94597 in April 2024, up by 13.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for 94597, CA
How long does it take to sell a home in 94597, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 22 Days | +34.2% |
Summary: Homes in 94597 had an average of 22 days on market in Apr 2024, up by 34.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 94597; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.