Is 94066, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94066 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94066 has remained a Seller's Market.

Key Takeaway

94066 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94066, CA

How much do homes in 94066, CA cost?

Median Sold Price

$1,276,666

$878/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,666(+1.3%)

Key Takeaway

Homes in 94066 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 94066 was $1,276,666 in October 2024, up 1.3% from last year, and the median price per square foot was $878.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $515K$480K
-6.8%
2 $848.4K$900K
+6.1%
3 $1.3M$1.4M
+3.7%
4 $1.5M$1.6M
+4.4%
5+ $1.5M$1.5M
+1.2%

Summary: 94066 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

94080
+7.4%
94030
+6.7%
94066
+1.3%
94044
-0.8%

Housing Supply in 94066, CA

How many homes are available in 94066, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7172+1.4%

Summary: The 94066 real estate market had 72 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 117
-36.4%
2 1513
-13.3%
3 2332
+39.1%
4 1615
-6.3%
5+ 65
-16.7%

Summary: The 94066 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1927+42.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94066, you could pay more than the asking price. 63% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 94066 in October 2024, up by 42.1% month-over-month. Of the 27 sold homes, 30% were sold under asking, 7% were sold at asking, and 63% were sold over asking.

Days on Market for 94066, CA

How long does it take to sell a home in 94066, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days24 Days+0.8%

Summary: Homes in 94066 had an average of 24 days on market in Oct 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94066 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 94066; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% 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 14 Days Ago

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