Is 94521, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94521 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94521 has remained a Seller's Market.

Key Takeaway

94521 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94521, CA

How much do homes in 94521, CA cost?

Median Sold Price

$819,583

$494/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,610(+1.1%)

Key Takeaway

Homes in 94521 have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in 94521 was $819,583 in October 2024, up 1.1% from last year, and the median price per square foot was $494.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $282.5K$322.5K
+14.2%
2 $460K$445K
-3.3%
3 $775K$799K
+3.1%
4 $925K$975K
+5.4%
5+ $1.2M$1.2M
+0.8%

Summary: 94521 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

94518
+9.6%
94598
+7.9%
94521
+1.1%
94565
+0.6%
94519
-2.3%

Housing Supply in 94521, CA

How many homes are available in 94521, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
120111-7.5%

Summary: The 94521 real estate market had 111 homes for sale in October 2024, a 7.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 3236
+12.5%
3 3632
-11.1%
4 3729
-21.6%
5+ 109
-10.0%

Summary: The 94521 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 increased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3940+2.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94521, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in 94521 in October 2024, up by 2.6% month-over-month. Of the 39 sold homes, 36% were sold under asking, 18% were sold at asking, and 46% were sold over asking.

Days on Market for 94521, CA

How long does it take to sell a home in 94521, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days25 Days+12.9%

Summary: Homes in 94521 had an average of 25 days on market in Oct 2024, up by 12.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94521 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 94521; 68% of homes were sold within 30 days, 28% 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 17 Days Ago

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