Is 94303, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94303 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94303 has remained a Seller's Market.

Key Takeaway

94303 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94303, CA

How much do homes in 94303, CA cost?

Median Sold Price

$2,603,333

$1,464/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$128,333(+5.2%)

Key Takeaway

Homes in 94303 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 94303 was $2,603,333 in October 2024, up 5.2% from last year, and the median price per square foot was $1,464.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $455K$622.5K
+36.8%
2 $845K$875K
+3.6%
3 $2.2M$2.3M
+4.2%
4 $2.9M$3.2M
+9.5%
5+ $3.9M$4.0M
+2.5%

Summary: 94303 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

94301
+10.5%
94306
+9.6%
94043
+7.0%
94303
+5.2%
94025
+4.5%

Housing Supply in 94303, CA

How many homes are available in 94303, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4859+22.9%

Summary: The 94303 real estate market had 59 homes for sale in October 2024, a 22.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 78
+14.3%
3 1518
+20.0%
4 1423
+64.3%
5+ 1110
-9.1%

Summary: The 94303 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94303, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 94303 in October 2024, up by 5.6% month-over-month. Of the 17 sold homes, 29% were sold under asking, 6% were sold at asking, and 65% were sold over asking.

Days on Market for 94303, CA

How long does it take to sell a home in 94303, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days17 Days-33.0%

Summary: Homes in 94303 had an average of 17 days on market in Oct 2024, down by 33% compared to last year.

Breakdown of Home Sale Times

16 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 94303 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 94303; 84% of homes were sold within 30 days, 16% 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 15 Days Ago

Newest Listings in 94303, CA

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