Is 94518, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94518 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94518 has remained a Seller's Market.

Key Takeaway

94518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94518, CA

How much do homes in 94518, CA cost?

Median Sold Price

$898,333

$534/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$78,333(+9.6%)

Key Takeaway

Homes in 94518 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 94518 was $898,333 in October 2024, up 9.6% from last year, and the median price per square foot was $534.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $331.7K$308.8K
-6.9%
2 $425K$413.5K
-2.7%
3 $780K$849K
+8.8%
4 $950K$1.0M
+10.5%
5+ $1.2M$1.0M
-20.1%

Summary: 94518 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 20.1%.

Median Sold Price Compared To Nearby Zip Codes

94518
+9.6%
94520
+8.5%
94521
+1.1%
94523
0.4%
94519
-2.3%

Housing Supply in 94518, CA

How many homes are available in 94518, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7583+10.7%

Summary: The 94518 real estate market had 83 homes for sale in October 2024, a 10.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 910
+11.1%
2 1920
+5.3%
3 1726
+52.9%
4 2824
-14.3%
5+ 23
+50.0%

Summary: The 94518 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 52.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1921+10.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94518, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 94518 in October 2024, up by 10.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.

Days on Market for 94518, CA

How long does it take to sell a home in 94518, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days34 Days+58.8%

Summary: Homes in 94518 had an average of 34 days on market in Oct 2024, up by 58.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94518 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 94518; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in 94518, CA

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