Is 94024, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94024 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94024 has remained a Seller's Market.

Key Takeaway

94024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94024, CA

How much do homes in 94024, CA cost?

Median Sold Price

$4,240,000

$1,754/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$240,000(+6.0%)

Key Takeaway

Homes in 94024 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 94024 was $4,240,000 in October 2024, up 6% from last year, and the median price per square foot was $1,754.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$1.7M
N/A
2 $2.6M$2.4M
-3.9%
3 $3.5M$3.8M
+8.0%
4 $4.0M$4.3M
+8.6%
5+ $4.9M$5.5M
+11.2%

Summary: 94024 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Zip Codes

94087
+13.4%
94022
+7.9%
94024
+6.0%
95014
+5.7%
94040
0.2%

Housing Supply in 94024, CA

How many homes are available in 94024, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4559+31.1%

Summary: The 94024 real estate market had 59 homes for sale in October 2024, a 31.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 810
+25.0%
4 1830
+66.7%
5+ 1616
0.0%

Summary: The 94024 housing inventory by bedroom type for October 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 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
916+77.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94024, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 94024 in October 2024, up by 77.8% month-over-month. Of the 14 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.

Days on Market for 94024, CA

How long does it take to sell a home in 94024, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days9 Days-61.8%

Summary: Homes in 94024 had an average of 9 days on market in Oct 2024, down by 61.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94024 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 94024; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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 15 Days Ago

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