Is 94947, 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, 94947 has remained a Seller's Market.
Key Takeaway
94947 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94947, CA
How much do homes in 94947, CA cost?
Median Sold Price
$980,000
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 94947 have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in 94947 was $980,000 in March 2024, down 6.7% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $329K | +1.2% |
| 2 Bedrooms | $525.7K | $515K | -2.0% |
| 3 Bedrooms | $1.0M | $935K | -11.0% |
| 4 Bedrooms | $1.3M | $1.2M | -9.2% |
| 5+ Bedrooms | $1.5M | $1.7M | +18.2% |
Summary: 94947 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in 94947, CA
How many homes are available in 94947, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Summary: The 94947 real estate market had 43 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 94947 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94947, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 94947 in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for 94947, CA
We’re sorry, we don't have information for this market at the moment
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