Is 94601, 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, 94601 has remained a Seller's Market.
Housing Prices in 94601, CA
How much do homes in 94601, CA cost?
Median Sold Price
$690,000
$517/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94601 was $690,000 in March 2024, down 4.6% from last year, and the median price per square foot was $517.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $510K | $510K | 0.0% |
2 Bedrooms | $665K | $542.5K | -18.4% |
3 Bedrooms | $725K | $720K | -0.7% |
4 Bedrooms | $780K | $767.5K | -1.6% |
5+ Bedrooms | $930K | $914K | -1.7% |
Summary: 94601 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 94601, CA
How many homes are available in 94601, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 68 | +11.5% |
Summary: The 94601 real estate market had 68 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 94601 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 94601 in March 2024, up by 44.4% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 94601, CA
How long does it take to sell a home in 94601, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +35.1% |
Summary: Homes in 94601 had an average of 28 days on market in Mar 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 94601; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.