Is 94609, 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, 94609 has remained a Seller's Market.
Housing Prices in 94609, CA
How much do homes in 94609, CA cost?
Median Sold Price
$1,200,000
$752/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94609 was $1,200,000 in March 2024, down 4% from last year, and the median price per square foot was $752.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $605K | $530K | -12.4% |
2 Bedrooms | $1.1M | $950K | -20.4% |
3 Bedrooms | $1.2M | $1.3M | +10.0% |
4 Bedrooms | $1.8M | $1.3M | -26.5% |
5+ Bedrooms | $1.5M | $1.2M | -20.9% |
Summary: 94609 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes decreased by 20.9%.
Housing Supply in 94609, CA
How many homes are available in 94609, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The 94609 real estate market had 31 homes for sale in March 2024, a 19.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 94609 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 94609 in March 2024, up by 28.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 94609, CA
How long does it take to sell a home in 94609, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +7.1% |
Summary: Homes in 94609 had an average of 26 days on market in Mar 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 94609; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.