$10,000 Closing Credit*
$1,988,000
1,198 SqFt
2 Beds
•1 Full Bath
Domenick Cava, Listing Office: Compass
Is 94041, 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, 94041 has remained a Seller's Market.
Key Takeaway
94041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94041, CA
How much do homes in 94041, CA cost?
Median Sold Price
$2,350,000
$1,495/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$249,000(+11.9%)
Key Takeaway
Homes in 94041 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 94041 was $2,350,000 in October 2024, up 11.9% from last year, and the median price per square foot was $1,495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.1M | N/A |
| 2 Bedrooms | $1.6M | $1.6M | -1.9% |
| 3 Bedrooms | $2.2M | $2.5M | +12.4% |
| 4 Bedrooms | $2.9M | $2.9M | -1.0% |
| 5+ Bedrooms | $3.3M | $2.2M | -34.1% |
Summary: 94041 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 1.9%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 34.1%.
Housing Supply in 94041, CA
How many homes are available in 94041, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The 94041 real estate market had 17 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 94041 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94041, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 94041 in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 94041, CA
How long does it take to sell a home in 94041, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -22.7% |
Summary: Homes in 94041 had an average of 18 days on market in Oct 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94041 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 94041; 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.