Is 94605, 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, 94605 has remained a Seller's Market.
Housing Prices in 94605, CA
How much do homes in 94605, CA cost?
Median Sold Price
$765,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94605 was $765,000 in March 2024, down 5.6% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $460K | -3.2% |
2 Bedrooms | $617K | $577K | -6.5% |
3 Bedrooms | $885K | $796K | -10.1% |
4 Bedrooms | $1.1M | $1.1M | 0.0% |
5+ Bedrooms | $1.1M | $1.1M | +1.2% |
Summary: 94605 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 94605, CA
How many homes are available in 94605, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 109 | +18.5% |
Summary: The 94605 real estate market had 109 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 34 | 46 | +35.3% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 94605 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 13.8%, 3 bedroom homes increased by 35.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 94605 in March 2024, up by 52.6% month-over-month. Of the 27 sold homes, 19% were sold under asking, 11% were sold at asking, and 70% were sold over asking.
Days on Market for 94605, CA
How long does it take to sell a home in 94605, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 39 Days | +8.6% |
Summary: Homes in 94605 had an average of 39 days on market in Mar 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 94605; 72% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.