$7,422 Closing Credit*
$625,000
1,437 SqFt
2 Beds
•2 Full Baths
Renee White, Listing Office: Keller Williams Realty
Is 94523, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$983,500
$642/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,493(+0.4%)
Key Takeaway
The sold price of homes in 94523 has remained the same since last year.
Summary: The median home sold price in 94523 was $983,500 in October 2024, up 0.4% from last year, and the median price per square foot was $642.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $349K | +3.4% |
| 2 Bedrooms | $645K | $619K | -4.0% |
| 3 Bedrooms | $905K | $905K | 0.0% |
| 4 Bedrooms | $1.2M | $1.3M | +8.4% |
| 5+ Bedrooms | $1.4M | $1.7M | +23.0% |
Summary: 94523 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Zip Codes
| 94597 | $887.5K | $1.0M | +12.7% |
| 94518 | $820K | $898.3K | +9.6% |
| 94520 | $599K | $650K | +8.5% |
| 94549 | $1.8M | $1.8M | +2.3% |
| 94523 | $980K | $983.5K | 0.4% |
Housing Supply in 94523, CA
How many homes are available in 94523, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 96 | +6.7% |
Summary: The 94523 real estate market had 96 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 24 | 31 | +29.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 94523 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 remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94523, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 94523 in October 2024, up by 20.0% month-over-month. Of the 28 sold homes, 32% were sold under asking, 11% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +18.4% |
Summary: Homes in 94523 had an average of 26 days on market in Oct 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 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 October 2024, 30 homes were sold in 94523; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 3% 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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