Is 94102, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94102 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 94102 was a Seller's Market.

Key Takeaway

94102 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 94102, CA

How much do homes in 94102, CA cost?

Median Sold Price

$938,000

$974/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$212,000(-18.4%)

Key Takeaway

Homes in 94102 have sold for 18.4% less than they did a year ago.

Summary: The median home sold price in 94102 was $938,000 in October 2024, down 18.4% from last year, and the median price per square foot was $974.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $665K$625K
-6.0%
2 $1.0M$1.0M
+1.0%
3 $1.4M$1.3M
-7.0%
4 $1.3M$1.7M
+26.9%
5+ $3.3M$2.5M
-23.4%

Summary: 94102 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 23.4%.

Median Sold Price Compared To Nearby Zip Codes

94103
+9.2%
94108
+8.9%
94115
-1.9%
94109
-2.4%
94102
-18.4%

Housing Supply in 94102, CA

How many homes are available in 94102, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5756-1.8%

Summary: The 94102 real estate market had 56 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2021
+5.0%
2 2725
-7.4%
3 44
0.0%
4 11
0.0%
5+ 55
0.0%

Summary: The 94102 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94102, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 94102 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for 94102, CA

How long does it take to sell a home in 94102, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days25 Days-54.6%

Summary: Homes in 94102 had an average of 25 days on market in Oct 2024, down by 54.6% compared to last year.

Breakdown of Home Sale Times

6 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 94102 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 94102; 75% of homes were sold within 30 days, 25% 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 23 Days Ago

Newest Listings in 94102, CA

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