$10,000 Closing Credit*
$1,650,000
3 Beds
•2 Full Baths
#424080758, Ron Wong, Jennifer Gottlieb, Listing Office: Compass
Is 94122, 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, 94122 has remained a Seller's Market.
Key Takeaway
94122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94122, CA
How much do homes in 94122, CA cost?
Median Sold Price
$1,550,000
$990/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+2.3%)
Key Takeaway
Homes in 94122 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 94122 was $1,550,000 in October 2024, up 2.3% from last year, and the median price per square foot was $990.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $742.5K | $709.4K | -4.5% |
| 2 Bedrooms | $1.4M | $1.3M | -2.9% |
| 3 Bedrooms | $1.5M | $1.6M | +1.2% |
| 4 Bedrooms | $1.7M | $1.9M | +13.2% |
| 5+ Bedrooms | $2.0M | $2.1M | +5.0% |
Summary: 94122 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Zip Codes
| 94118 | $1.8M | $2.0M | +14.2% |
| 94121 | $1.6M | $1.7M | +4.8% |
| 94116 | $1.4M | $1.5M | +4.7% |
| 94122 | $1.5M | $1.5M | +2.3% |
| 94117 | $1.6M | $1.6M | -5.2% |
Housing Supply in 94122, CA
How many homes are available in 94122, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 103 | +5.1% |
Summary: The 94122 real estate market had 103 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 94122 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94122, you could pay more than the asking price. 88% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 94122 in October 2024, up by 66.7% month-over-month. Of the 25 sold homes, 8% were sold under asking, 4% were sold at asking, and 88% were sold over asking.
Days on Market for 94122, CA
How long does it take to sell a home in 94122, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 17 Days | -35.0% |
Summary: Homes in 94122 had an average of 17 days on market in Oct 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94122 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 94122; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.