Is 94115, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94115 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 94115 was a Seller's Market.

Key Takeaway

94115 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 94115, CA

How much do homes in 94115, CA cost?

Median Sold Price

$1,550,000

$1,066/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$30,000(-1.9%)

Key Takeaway

Homes in 94115 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 94115 was $1,550,000 in October 2024, down 1.9% from last year, and the median price per square foot was $1,066.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $825K$785K
-4.8%
2 $1.2M$1.2M
-1.6%
3 $2.0M$2.1M
+0.6%
4 $3.0M$3.6M
+20.0%
5+ $4.1M$3.5M
-14.3%

Summary: 94115 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

94123
0.2%
94115
-1.9%
94109
-2.4%
94117
-5.2%
94102
-18.4%

Housing Supply in 94115, CA

How many homes are available in 94115, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9092+2.2%

Summary: The 94115 real estate market had 92 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1714
-17.6%
2 3129
-6.5%
3 1517
+13.3%
4 99
0.0%
5+ 1823
+27.8%

Summary: The 94115 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 17.6%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94115, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 94115 in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 94115, CA

How long does it take to sell a home in 94115, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days30 Days+24.2%

Summary: Homes in 94115 had an average of 30 days on market in Oct 2024, up by 24.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94115 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 94115; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

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