$599,000
0.38 Acres
Land
#424079111, Michael O Al-Ahwal, Listing Office: Comax Realty, Inc.
Is 94005, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 94005 was a Seller's Market.
Key Takeaway
94005 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 94005, CA
How much do homes in 94005, CA cost?
Median Sold Price
$1,037,500
$718/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+3.8%)
Key Takeaway
Homes in 94005 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 94005 was $1,037,500 in November 2024, up 3.8% from last year, and the median price per square foot was $718.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $950K | +131.7% |
| 2 Bedrooms | $830K | $945K | +13.9% |
| 3 Bedrooms | $1.1M | $960K | -18.1% |
| 4 Bedrooms | $2.3M | $2.0M | -13.0% |
| 5+ Bedrooms | $1.7M | $2.4M | +40.7% |
Summary: 94005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 131.7%, 2 bedroom homes increased by 13.9%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in 94005, CA
How many homes are available in 94005, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The 94005 real estate market had 19 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 94005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94005, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 94005 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 94005, CA
How long does it take to sell a home in 94005, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 105 Days | +322.7% |
Summary: Homes in 94005 had an average of 105 days on market in Nov 2024, up by 322.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 94005 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in 94005; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.