Is 94085, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94085 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94085 has remained a Seller's Market.

Key Takeaway

94085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94085, CA

How much do homes in 94085, CA cost?

Median Sold Price

$1,670,000

$1,021/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$208,000(+14.2%)

Key Takeaway

Homes in 94085 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 94085 was $1,670,000 in November 2024, up 14.2% from last year, and the median price per square foot was $1,021.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $700K$660K
-5.7%
2 $941.5K$1.0M
+13.6%
3 $1.4M$1.6M
+12.8%
4 $1.6M$1.7M
+7.3%
5+ $2.5M$2.3M
-4.9%

Summary: 94085 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

94085
+14.2%
95051
+13.8%
95054
+2.9%
94086
+2.8%

Housing Supply in 94085, CA

How many homes are available in 94085, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3424-29.4%

Summary: The 94085 real estate market had 24 homes for sale in November 2024, a 29.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 1711
-35.3%
4 75
-28.6%
5+ 11
0.0%

Summary: The 94085 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 22.2%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94085, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 94085 in November 2024, down by 33.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for 94085, CA

How long does it take to sell a home in 94085, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days18 Days-20.6%

Summary: Homes in 94085 had an average of 18 days on market in Nov 2024, down by 20.6% compared to last year.

Breakdown of Home Sale Times

8 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 94085 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 94085; 80% of homes were sold within 30 days, 20% 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 22 Days Ago

Newest Listings in 94085, CA

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