Is 94403, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94403 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 94403 has remained a Seller's Market.

Key Takeaway

94403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94403, CA

How much do homes in 94403, CA cost?

Median Sold Price

$1,765,000

$1,116/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$215,000(+13.9%)

Key Takeaway

Homes in 94403 have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in 94403 was $1,765,000 in September 2024, up 13.9% from last year, and the median price per square foot was $1,116.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $600K$555K
-7.5%
2 $1.2M$1.2M
-0.9%
3 $1.5M$1.7M
+12.3%
4 $2.0M$2.3M
+14.9%
5+ $2.5M$2.5M
-1.1%

Summary: 94403 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

94403
+13.9%
94402
+11.4%
94002
+7.6%
94404
+6.7%
94401
+6.0%

Housing Supply in 94403, CA

How many homes are available in 94403, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6583+27.7%

Summary: The 94403 real estate market had 83 homes for sale in September 2024, a 27.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 1322
+69.2%
3 3042
+40.0%
4 1314
+7.7%
5+ 74
-42.9%

Summary: The 94403 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 69.2%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 42.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1931+63.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94403, you could pay more than the asking price. 80.6% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 94403 in September 2024, up by 63.2% month-over-month. Of the 31 sold homes, 16% were sold under asking, 3% were sold at asking, and 81% were sold over asking.

Days on Market for 94403, CA

How long does it take to sell a home in 94403, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
41 Days16 Days-59.6%

Summary: Homes in 94403 had an average of 16 days on market in Sep 2024, down by 59.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94403 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 31 homes were sold in 94403; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% 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 29 Days Ago

Newest Listings in 94403, CA

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