Is 95050, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95050 is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, 95050 has remained a Seller's Market.

Key Takeaway

95050 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95050, CA

How much do homes in 95050, CA cost?

Median Sold Price

$1,521,666

$961/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$146,666(+10.7%)

Key Takeaway

Homes in 95050 have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in 95050 was $1,521,666 in August 2024, up 10.7% from last year, and the median price per square foot was $961.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $542K$550K
+1.5%
2 $940K$1.0M
+11.2%
3 $1.4M$1.5M
+8.7%
4 $1.6M$1.9M
+17.4%
5+ $1.9M$2.3M
+24.8%

Summary: 95050 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 24.8%.

Median Sold Price Compared To Nearby Zip Codes

95051
+12.5%
95128
+12.0%
95050
+10.7%
95126
0.5%

Housing Supply in 95050, CA

How many homes are available in 95050, CA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
5253+1.9%

Summary: The 95050 real estate market had 53 homes for sale in August 2024, a 1.9% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 79
+28.6%
2 1614
-12.5%
3 2022
+10.0%
4 56
+20.0%
5+ 42
-50.0%

Summary: The 95050 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2116-23.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95050, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 95050 in August 2024, down by 23.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.

Days on Market for 95050, CA

How long does it take to sell a home in 95050, CA?

Average Sale Time

Aug 2023Aug 2024CHANGE
9 Days23 Days+141.7%

Summary: Homes in 95050 had an average of 23 days on market in Aug 2024, up by 141.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 95050 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 16 homes were sold in 95050; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 95050, CA

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