$10,000 Closing Credit*
$1,895,999
1,683 SqFt
2 Beds
•1 Full Bath, 1 Partial
Dori Irwin, Listing Office: Arrive Real Estate
Is 94507, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 94507 has remained a Seller's Market.
Key Takeaway
94507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94507, CA
How much do homes in 94507, CA cost?
Median Sold Price
$2,707,500
$823/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$228,500(+9.2%)
Key Takeaway
Homes in 94507 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 94507 was $2,707,500 in November 2024, up 9.2% from last year, and the median price per square foot was $823.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $832.5K | -21.3% |
| 3 Bedrooms | $1.6M | $1.9M | +18.5% |
| 4 Bedrooms | $2.4M | $2.6M | +6.4% |
| 5+ Bedrooms | $3.1M | $3.1M | +1.5% |
Summary: 94507 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 94507, CA
How many homes are available in 94507, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 42 | -25.0% |
Summary: The 94507 real estate market had 42 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 26 | 19 | -26.9% |
Summary: The 94507 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 26.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 10 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94507, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 94507 in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for 94507, CA
How long does it take to sell a home in 94507, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 44 Days | +150.6% |
Summary: Homes in 94507 had an average of 44 days on market in Nov 2024, up by 150.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94507 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 94507; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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.