Is 94549, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94549 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94549 has remained a Seller's Market.

Key Takeaway

94549 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94549, CA

How much do homes in 94549, CA cost?

Median Sold Price

$1,880,000

$831/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,742(+2.3%)

Key Takeaway

Homes in 94549 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 94549 was $1,880,000 in October 2024, up 2.3% from last year, and the median price per square foot was $831.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $725K-
N/A
2 $1.1M$1.0M
-10.9%
3 $1.6M$1.4M
-6.4%
4 $2.0M$2.0M
-1.0%
5+ $2.6M$2.8M
+7.6%

Summary: 94549 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

94597
+12.7%
94563
+3.9%
94549
+2.3%
94595
+1.3%
94523
0.4%

Housing Supply in 94549, CA

How many homes are available in 94549, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6681+22.7%

Summary: The 94549 real estate market had 81 homes for sale in October 2024, a 22.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1625
+56.3%
4 3434
0.0%
5+ 1217
+41.7%

Summary: The 94549 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 25%, 3 bedroom homes increased by 56.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 41.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1726+52.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94549, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 94549 in October 2024, up by 52.9% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% were sold over asking.

Days on Market for 94549, CA

How long does it take to sell a home in 94549, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days22 Days-27.8%

Summary: Homes in 94549 had an average of 22 days on market in Oct 2024, down by 27.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94549 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 94549; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% 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 13 Days Ago

Newest Listings in 94549, CA

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