Is 94945, 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, 94945 has remained a Seller's Market.
Key Takeaway
94945 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94945, CA
How much do homes in 94945, CA cost?
Median Sold Price
$1,041,250
$592/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 94945 have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in 94945 was $1,041,250 in March 2024, down 9.5% from last year, and the median price per square foot was $592.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $663.5K | $557.5K | -16.0% |
| 2 Bedrooms | $780K | $760K | -2.6% |
| 3 Bedrooms | $928K | $929.9K | 0.2% |
| 4 Bedrooms | $1.2M | $1.3M | +1.7% |
| 5+ Bedrooms | $1.6M | $1.5M | -8.0% |
Summary: 94945 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 94945, CA
How many homes are available in 94945, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The 94945 real estate market had 29 homes for sale in March 2024, a 16.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 94945 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94945, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 94945 in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for 94945, CA
How long does it take to sell a home in 94945, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +190.5% |
Summary: Homes in 94945 had an average of 40 days on market in Mar 2024, up by 190.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 94945 has remained consistent over time.
Summary: During March 2024, 11 homes were sold in 94945; 9% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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