Is 94121, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94121 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94121 has remained a Seller's Market.

Key Takeaway

94121 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94121, CA

How much do homes in 94121, CA cost?

Median Sold Price

$1,735,000

$888/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$85,000(+5.2%)

Key Takeaway

Homes in 94121 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 94121 was $1,735,000 in November 2024, up 5.2% from last year, and the median price per square foot was $888.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $665K$650K
-2.3%
2 $1.3M$1.1M
-17.4%
3 $1.6M$1.6M
0.0%
4 $2.1M$2.0M
-6.2%
5+ $2.2M$2.4M
+10.6%

Summary: 94121 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Zip Codes

94118
+13.5%
94121
+5.2%
94122
+2.0%

Housing Supply in 94121, CA

How many homes are available in 94121, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7248-33.3%

Summary: The 94121 real estate market had 48 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 75
-28.6%
3 2111
-47.6%
4 2115
-28.6%
5+ 1914
-26.3%

Summary: The 94121 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 47.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 26.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2416-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94121, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 94121 in November 2024, down by 33.3% month-over-month. Of the 16 sold homes, 6% were sold under asking, 6% were sold at asking, and 88% were sold over asking.

Days on Market for 94121, CA

How long does it take to sell a home in 94121, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days25 Days-30.1%

Summary: Homes in 94121 had an average of 25 days on market in Nov 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94121 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 94121; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 94121, CA

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