Is 94608, 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, 94608 has remained a Seller's Market.
Housing Prices in 94608, CA
How much do homes in 94608, CA cost?
Median Sold Price
$677,500
$599/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94608 was $677,500 in March 2024, down 11.1% from last year, and the median price per square foot was $599.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $487.5K | $490K | 0.5% |
2 Bedrooms | $810K | $740K | -8.6% |
3 Bedrooms | $995K | $995K | 0.0% |
4 Bedrooms | $1.1M | $1.0M | -10.7% |
5+ Bedrooms | $980K | $830K | -15.3% |
Summary: 94608 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 15.3%.
Housing Supply in 94608, CA
How many homes are available in 94608, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 88 | +20.5% |
Summary: The 94608 real estate market had 88 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 19 | 0.0% |
2 Bedrooms | 31 | 40 | +29.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 94608 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 29%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 94608 in March 2024, up by 5.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for 94608, CA
How long does it take to sell a home in 94608, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 35 Days | +17.4% |
Summary: Homes in 94608 had an average of 35 days on market in Mar 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 94608; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.