Is 94546, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94546 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94546 has remained a Seller's Market.

Key Takeaway

94546 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94546, CA

How much do homes in 94546, CA cost?

Median Sold Price

$1,100,000

$705/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$100,000(+10.0%)

Key Takeaway

Homes in 94546 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 94546 was $1,100,000 in October 2024, up 10% from last year, and the median price per square foot was $705.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $475K$435K
-8.4%
2 $665K$710K
+6.8%
3 $975K$1.0M
+10.5%
4 $1.3M$1.3M
+3.8%
5+ $1.4M$1.2M
-11.9%

Summary: 94546 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Zip Codes

94546
+10.0%
94552
+10.0%
94541
+7.7%
94578
+2.3%
94605
+1.7%

Housing Supply in 94546, CA

How many homes are available in 94546, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9492-2.1%

Summary: The 94546 real estate market had 92 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1419
+35.7%
3 5143
-15.7%
4 2626
0.0%
5+ 33
0.0%

Summary: The 94546 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.7%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2334+47.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94546, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 94546 in October 2024, up by 47.8% month-over-month. Of the 34 sold homes, 21% were sold under asking, 15% were sold at asking, and 65% were sold over asking.

Days on Market for 94546, CA

How long does it take to sell a home in 94546, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days17 Days-28.9%

Summary: Homes in 94546 had an average of 17 days on market in Oct 2024, down by 28.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94546 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 94546; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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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