Is 94063, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94063 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 94063 has remained a Seller's Market.

Key Takeaway

94063 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94063, CA

How much do homes in 94063, CA cost?

Median Sold Price

$1,300,000

$1,034/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$175,000(-11.9%)

Key Takeaway

Homes in 94063 have sold for 11.9% less than they did a month ago.

Summary: The median home sold price in 94063 was $1,300,000 in November 2024, down 11.9% from last month, and the median price per square foot was $1,034.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $1.1M$972.5K
-18.1%
3 $1.5M$1.3M
-10.5%
4 -$1.4M
N/A
5+ $1.9M-
N/A

Summary: 94063 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 decreased by 18.1%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 94063, CA

How many homes are available in 94063, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2922-24.1%

Summary: The 94063 real estate market had 22 homes for sale in November 2024, a 24.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 116
-45.5%
4 45
+25.0%
5+ 21
-50.0%

Summary: The 94063 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 decreased by 16.7%, 3 bedroom homes decreased by 45.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94063, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 94063 in November 2024, down by 9.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for 94063, CA

How long does it take to sell a home in 94063, CA?

Average Sale Time

Oct 2024Nov 2024CHANGE
17 Days39 Days+128.6%

Summary: Homes in 94063 had an average of 39 days on market in Nov 2024, up by 128.6% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94063 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 94063; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

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