Is 94705, 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, 94705 has remained a Seller's Market.
Housing Prices in 94705, CA
How much do homes in 94705, CA cost?
Median Sold Price
$1,800,000
$794/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 94705 was $1,800,000 in March 2024, down 6.5% from last year, and the median price per square foot was $794.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $789K | $755K | -4.3% |
2 Bedrooms | $1.6M | $900K | -44.6% |
3 Bedrooms | $1.7M | $1.8M | +3.5% |
4 Bedrooms | $2.6M | $2.0M | -23.1% |
5+ Bedrooms | $3.2M | $2.8M | -12.3% |
Summary: 94705 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 44.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in 94705, CA
How many homes are available in 94705, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Summary: The 94705 real estate market had 26 homes for sale in March 2024, a 44.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 94705 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 94705 in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for 94705, CA
How long does it take to sell a home in 94705, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 20 Days | +22.2% |
Summary: Homes in 94705 had an average of 20 days on market in Mar 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 94705; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.