Is 94027, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94027 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94027 has remained a Seller's Market.

Key Takeaway

94027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94027, CA

How much do homes in 94027, CA cost?

Median Sold Price

$7,650,000

$1,917/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$50,000(-0.6%)

Key Takeaway

Homes in 94027 have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in 94027 was $7,650,000 in November 2024, down 0.6% from last year, and the median price per square foot was $1,917.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $2.6M$2.0M
-23.8%
3 $2.8M$5.2M
+85.7%
4 $7.0M$6.2M
-11.2%
5+ $8.7M$10.0M
+13.8%

Summary: 94027 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 85.7%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Zip Codes

94061
+8.0%
94062
+7.4%
94025
+5.7%
94027
-0.6%

Housing Supply in 94027, CA

How many homes are available in 94027, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3422-35.3%

Summary: The 94027 real estate market had 22 homes for sale in November 2024, a 35.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 41
-75.0%
4 85
-37.5%
5+ 2114
-33.3%

Summary: The 94027 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 100%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94027, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 94027 in November 2024, down by 53.8% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 94027, CA

How long does it take to sell a home in 94027, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
90 Days24 Days-72.9%

Summary: Homes in 94027 had an average of 24 days on market in Nov 2024, down by 72.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94027 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 94027; 67% of homes were sold within 30 days, 33% 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 18 Days Ago

Newest Listings in 94027, CA

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