Is 94941, 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, 94941 has remained a Seller's Market.
Key Takeaway
94941 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94941, CA
How much do homes in 94941, CA cost?
Median Sold Price
$2,050,000
$993/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 94941 have sold for 1% less than they did a year ago.
Summary: The median home sold price in 94941 was $2,050,000 in March 2024, down 1% from last year, and the median price per square foot was $993.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $644.5K | $619K | -4.0% |
| 2 Bedrooms | $1.3M | $1.4M | +8.7% |
| 3 Bedrooms | $1.9M | $1.8M | -8.2% |
| 4 Bedrooms | $2.3M | $2.9M | +26.5% |
| 5+ Bedrooms | $3.9M | $3.3M | -16.8% |
Summary: 94941 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in 94941, CA
How many homes are available in 94941, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 64 | +25.5% |
Summary: The 94941 real estate market had 64 homes for sale in March 2024, a 25.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 94941 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 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94941, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 94941 in March 2024, up by 130.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 9% were sold at asking, and 57% were sold over asking.
Days on Market for 94941, CA
We’re sorry, we don't have information for this market at the moment
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