$2,895,000
Russ Starkebaum, Listing Office: EXP Realty of Northern California, Inc
Is 94117, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 94117 has remained a Seller's Market.
Key Takeaway
94117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94117, CA
How much do homes in 94117, CA cost?
Median Sold Price
$1,600,000
$1,028/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$87,500(-5.2%)
Key Takeaway
Homes in 94117 have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in 94117 was $1,600,000 in October 2024, down 5.2% from last year, and the median price per square foot was $1,028.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $760K | $715K | -5.9% |
| 2 Bedrooms | $1.3M | $1.3M | -5.3% |
| 3 Bedrooms | $1.8M | $1.6M | -11.7% |
| 4 Bedrooms | $2.7M | $2.5M | -5.5% |
| 5+ Bedrooms | $2.2M | $2.6M | +14.3% |
Summary: 94117 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Zip Codes
| 94114 | $1.6M | $1.9M | +15.2% |
| 94118 | $1.8M | $2.0M | +14.2% |
| 94131 | $1.6M | $1.6M | 0.0% |
| 94115 | $1.5M | $1.5M | -1.9% |
| 94117 | $1.6M | $1.6M | -5.2% |
Housing Supply in 94117, CA
How many homes are available in 94117, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 84 | +3.7% |
Summary: The 94117 real estate market had 84 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 94117 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 25 | +127.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94117, you could pay more than the asking price. 64% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 94117 in October 2024, up by 127.3% month-over-month. Of the 25 sold homes, 32% were sold under asking, 4% were sold at asking, and 64% were sold over asking.
Days on Market for 94117, CA
How long does it take to sell a home in 94117, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +12.4% |
Summary: Homes in 94117 had an average of 30 days on market in Oct 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94117 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 94117; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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