Is 94702, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 94702 has remained a Seller's Market.
Housing Prices in 94702, CA
How much do homes in 94702, CA cost?
Median Sold Price
$1,102,500
$962/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 94702 was $1,102,500 in February 2024, down 17.7% from last year, and the median price per square foot was $962.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $894K | $675K | -24.5% |
2 Bedrooms | $1.2M | $1.0M | -20.2% |
3 Bedrooms | $1.4M | $1.2M | -11.9% |
4 Bedrooms | $1.4M | $1.6M | +12.8% |
5+ Bedrooms | $1.7M | $1.4M | -17.3% |
Summary: 94702 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Zip Codes
94710 | $1.1M | $1.2M | +9.9% |
94706 | $1.2M | $1.1M | -7.7% |
94608 | $770K | $697.9K | -9.4% |
94702 | $1.3M | $1.1M | -17.7% |
Housing Supply in 94702, CA
How many homes are available in 94702, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Summary: The 94702 real estate market had 20 homes for sale in February 2024, a 33.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 94702 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 94702 in February 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 94702, CA
How long does it take to sell a home in 94702, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 21 Days | -35.4% |
Summary: Homes in 94702 had an average of 21 days on market in Feb 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in 94702; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.