Is 94602, 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, 94602 has remained a Seller's Market.
Housing Prices in 94602, CA
How much do homes in 94602, CA cost?
Median Sold Price
$1,200,000
$756/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94602 was $1,200,000 in March 2024, down 1.6% from last year, and the median price per square foot was $756.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | $540K | -46.5% |
2 Bedrooms | $975K | $977K | 0.2% |
3 Bedrooms | $1.3M | $1.3M | -3.0% |
4 Bedrooms | $1.5M | $1.3M | -12.2% |
5+ Bedrooms | $1.4M | $1.4M | +2.1% |
Summary: 94602 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 94602, CA
How many homes are available in 94602, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The 94602 real estate market had 54 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 94602 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 23 | +109.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 94602 in March 2024, up by 109.1% month-over-month. Of the 21 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for 94602, CA
How long does it take to sell a home in 94602, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 26 Days | -5.3% |
Summary: Homes in 94602 had an average of 26 days on market in Mar 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 94602; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.