$1,595,000
0.06 Acres
Land
#424081355, Bob Walker, George M Green, Listing Office: GM Green Real Estate, Inc.
Is 94118, 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, 94118 has remained a Seller's Market.
Key Takeaway
94118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94118, CA
How much do homes in 94118, CA cost?
Median Sold Price
$2,085,000
$1,011/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$260,000(+14.2%)
Key Takeaway
Homes in 94118 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 94118 was $2,085,000 in October 2024, up 14.2% from last year, and the median price per square foot was $1,011.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $790K | $705K | -10.8% |
| 2 Bedrooms | $1.2M | $1.3M | +10.4% |
| 3 Bedrooms | $1.8M | $1.9M | +4.3% |
| 4 Bedrooms | $2.7M | $2.8M | +2.4% |
| 5+ Bedrooms | $3.3M | $3.5M | +6.2% |
Summary: 94118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Zip Codes
| 94118 | $1.8M | $2.0M | +14.2% |
| 94121 | $1.6M | $1.7M | +4.8% |
| 94115 | $1.5M | $1.5M | -1.9% |
| 94117 | $1.6M | $1.6M | -5.2% |
Housing Supply in 94118, CA
How many homes are available in 94118, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 79 | +1.3% |
Summary: The 94118 real estate market had 79 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The 94118 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94118, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 94118 in October 2024, up by 53.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for 94118, CA
How long does it take to sell a home in 94118, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +47.4% |
Summary: Homes in 94118 had an average of 30 days on market in Oct 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94118 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 94118; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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