Is 94598, 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, 94598 has remained a Seller's Market.
Housing Prices in 94598, CA
How much do homes in 94598, CA cost?
Median Sold Price
$1,360,000
$678/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94598 was $1,360,000 in March 2024, down 2.9% from last year, and the median price per square foot was $678.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $399K | $405K | +1.5% |
2 Bedrooms | $707.4K | $775K | +9.6% |
3 Bedrooms | $1.2M | $1.0M | -12.5% |
4 Bedrooms | $1.5M | $1.5M | -2.4% |
5+ Bedrooms | $1.9M | $1.7M | -9.7% |
Summary: 94598 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Zip Codes
94596 | $980K | $1.1M | +16.3% |
94507 | $2.5M | $2.5M | +1.4% |
94518 | $826K | $832K | +0.7% |
94598 | $1.4M | $1.3M | -2.9% |
94521 | $845K | $815.5K | -3.5% |
Housing Supply in 94598, CA
How many homes are available in 94598, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Summary: The 94598 real estate market had 49 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 94598 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 94598 in March 2024, up by 46.7% month-over-month. Of the 21 sold homes, 19% were sold under asking, 10% were sold at asking, and 71% were sold over asking.
Days on Market for 94598, CA
How long does it take to sell a home in 94598, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -14.6% |
Summary: Homes in 94598 had an average of 13 days on market in Mar 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 94598; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.