$10,000 Closing Credit*
$1,670,000
2,894 SqFt
4 Beds
•3 Full Baths
Serena Wang, Listing Office: BQ Realty
Is 94523, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 94523 has remained a Seller's Market.
Key Takeaway
94523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94523, CA
How much do homes in 94523, CA cost?
Median Sold Price
$1,025,000
$659/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$50,000(+5.1%)
Key Takeaway
Homes in 94523 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 94523 was $1,025,000 in December 2024, up 5.1% from last year, and the median price per square foot was $659.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $353.7K | $317.7K | -10.2% |
| 2 Bedrooms | $645K | $630K | -2.3% |
| 3 Bedrooms | $905K | $947.5K | +4.7% |
| 4 Bedrooms | $1.2M | $1.3M | +6.9% |
| 5+ Bedrooms | $1.4M | $1.8M | +30.2% |
Summary: 94523 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Zip Codes
| 94597 | $888.8K | $1.0M | +12.5% |
| 94518 | $820.5K | $917.5K | +11.8% |
| 94520 | $610K | $641.5K | +5.2% |
| 94523 | $975K | $1.0M | +5.1% |
| 94549 | $1.8M | $1.8M | +2.6% |
Housing Supply in 94523, CA
How many homes are available in 94523, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 64 | 40 | -37.5% |
Summary: The 94523 real estate market had 40 homes for sale in December 2024, a 37.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 30 | 15 | -50.0% |
| 4 Bedrooms | 17 | 11 | -35.3% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 94523 housing inventory by bedroom type for December 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 50%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 30 | 16 | -46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94523, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 94523 in December 2024, down by 46.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for 94523, CA
How long does it take to sell a home in 94523, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +33.4% |
Summary: Homes in 94523 had an average of 32 days on market in Dec 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94523 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in 94523; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% 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. 
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