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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94115 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94115 has remained a Seller's Market.

Key Takeaway

94115 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94115, CA

How much do homes in 94115, CA cost?

Median Sold Price

$1,650,000

$1,065/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,000(+5.1%)

Key Takeaway

Homes in 94115 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 94115 was $1,650,000 in November 2024, up 5.1% from last year, and the median price per square foot was $1,065.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $775K$817.5K
+5.5%
2 $1.2M$1.2M
-0.2%
3 $2.1M$2.1M
0.0%
4 $2.8M$3.6M
+27.6%
5+ $4.6M$4.3M
-5.3%

Summary: 94115 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

94115
+5.1%
94123
-1.3%
94117
-3.6%
94109
-5.2%
94102
-16.1%

Housing Supply in 94115, CA

How many homes are available in 94115, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8472-14.3%

Summary: The 94115 real estate market had 72 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1310
-23.1%
2 2724
-11.1%
3 1512
-20.0%
4 87
-12.5%
5+ 2119
-9.5%

Summary: The 94115 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1620+25.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 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. 60% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 94115 in November 2024, up by 25.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 5% were sold at asking, and 35% 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

Nov 2023Nov 2024CHANGE
48 Days59 Days+22.1%

Summary: Homes in 94115 had an average of 59 days on market in Nov 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 94115 has remained consistent over time.

Summary: During November 2024, 20 homes were sold in 94115; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% 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 94115, CA

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