Is 94107, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94107 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 94107 was a Neutral Market.

Key Takeaway

94107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94107, CA

How much do homes in 94107, CA cost?

Median Sold Price

$1,053,333

$938/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$53,833(+5.4%)

Key Takeaway

Homes in 94107 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 94107 was $1,053,333 in November 2024, up 5.4% from last year, and the median price per square foot was $938.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $745K$739K
-0.8%
2 $1.1M$1.1M
-3.6%
3 $1.8M$1.5M
-14.3%
4 $1.8M$2.0M
+13.5%
5+ $2.0M$1.6M
-22.0%

Summary: 94107 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 22%.

Median Sold Price Compared To Nearby Zip Codes

94103
+13.4%
94105
+10.6%
94107
+5.4%
94158
-1.7%
94110
-3.3%

Housing Supply in 94107, CA

How many homes are available in 94107, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153145-5.2%

Summary: The 94107 real estate market had 145 homes for sale in November 2024, a 5.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5861
+5.2%
2 6156
-8.2%
3 2522
-12.0%
4 65
-16.7%
5+ 31
-66.7%

Summary: The 94107 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1926+36.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94107, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 94107 in November 2024, up by 36.8% month-over-month. Of the 26 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% were sold over asking.

Days on Market for 94107, CA

How long does it take to sell a home in 94107, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days57 Days+14.0%

Summary: Homes in 94107 had an average of 57 days on market in Nov 2024, up by 14% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94107 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 94107; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% 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 21 Days Ago

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