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 Last Month

Since last month, 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

$4,550,000

$1,748/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$200,000(+4.6%)

Key Takeaway

Homes in 94024 have sold for 4.6% more than they did a month ago.

Summary: The median home sold price in 94024 was $4,550,000 in November 2024, up 4.6% from last month, and the median price per square foot was $1,748.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $4.3M$4.3M
+1.5%
4 $4.3M$4.5M
+4.6%
5+ $5.2M$6.4M
+23.8%

Summary: 94024 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 23.8%.

Housing Supply in 94024, CA

How many homes are available in 94024, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5551-7.3%

Summary: The 94024 real estate market had 51 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 96
-33.3%
4 2927
-6.9%
5+ 1414
0.0%

Summary: The 94024 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 increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

14 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. 73.7% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 94024 in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 26% were sold under asking, 0% were sold at asking, and 74% 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 2024Nov 2024CHANGE
9 Days20 Days+114.1%

Summary: Homes in 94024 had an average of 20 days on market in Nov 2024, up by 114.1% compared to last month.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 19 homes were sold in 94024; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in 94024, CA

Nearby Markets to 94024, CA