Is 94607, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 94607 was a Seller's Market.
Key Takeaway
94607 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 94607, CA
How much do homes in 94607, CA cost?
Median Sold Price
$580,000
$550/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 94607 have sold for 14.1% less than they did a year ago.
Summary: The median home sold price in 94607 was $580,000 in April 2024, down 14.1% from last year, and the median price per square foot was $550.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $435K | -10.3% |
| 2 Bedrooms | $722.5K | $610K | -15.6% |
| 3 Bedrooms | $795K | $810K | +1.9% |
| 4 Bedrooms | $810K | $711.2K | -12.2% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.9% |
Summary: 94607 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Zip Codes
| 94608 | $750K | $695K | -7.3% |
| 94607 | $675K | $580K | -14.1% |
| 94612 | $675K | $580K | -14.1% |
Housing Supply in 94607, CA
How many homes are available in 94607, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 94 | +19.0% |
Summary: The 94607 real estate market had 94 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 36 | +24.1% |
| 2 Bedrooms | 26 | 27 | +3.8% |
| 3 Bedrooms | 13 | 20 | +53.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 94607 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 53.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94607, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 94607 in April 2024, down by 15.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 94607, CA
How long does it take to sell a home in 94607, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 43 Days | +37.6% |
Summary: Homes in 94607 had an average of 43 days on market in Apr 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 94607 has remained consistent over time.
Summary: During April 2024, 11 homes were sold in 94607; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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