$3,295,000
2,233 SqFt
4 Beds
•2 Full Baths, 1 Partial
Brandon Schaeffer, Listing Office: Coldwell Banker Realty
Is 94040, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 94040 has remained a Seller's Market.
Key Takeaway
94040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94040, CA
How much do homes in 94040, CA cost?
Median Sold Price
$2,495,000
$1,420/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.2%)
Key Takeaway
The sold price of homes in 94040 has remained the same since last year.
Summary: The median home sold price in 94040 was $2,495,000 in October 2024, up 0.2% from last year, and the median price per square foot was $1,420.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $584K | $579K | -0.9% |
| 2 Bedrooms | $920K | $955K | +3.8% |
| 3 Bedrooms | $2.4M | $2.7M | +14.4% |
| 4 Bedrooms | $3.3M | $3.3M | 0.3% |
| 5+ Bedrooms | $3.9M | $4.6M | +16.2% |
Summary: 94040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 94040, CA
How many homes are available in 94040, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 52 | +26.8% |
Summary: The 94040 real estate market had 52 homes for sale in October 2024, a 26.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 11 | 19 | +72.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 94040 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94040, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 94040 in October 2024, up by 33.3% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for 94040, CA
How long does it take to sell a home in 94040, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +20.2% |
Summary: Homes in 94040 had an average of 14 days on market in Oct 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94040 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 94040; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.