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 December 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

$1,882,666

$836/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$46,909(+2.6%)

Key Takeaway

Homes in 94549 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 94549 was $1,882,666 in December 2024, up 2.6% from last year, and the median price per square foot was $836.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $1.1M$1.0M
-6.8%
3 $1.6M$1.5M
-6.3%
4 $2.0M$2.0M
+1.2%
5+ $2.7M$3.2M
+20.4%

Summary: 94549 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 20.4%.

Median Sold Price Compared To Nearby Zip Codes

94597
+12.5%
94523
+5.1%
94549
+2.6%
94595
+2.4%
94563
0.5%

Housing Supply in 94549, CA

How many homes are available in 94549, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4635-23.9%

Summary: The 94549 real estate market had 35 homes for sale in December 2024, a 23.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1512
-20.0%
4 2419
-20.8%
5+ 43
-25.0%

Summary: The 94549 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 decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 94549 in December 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% 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

Dec 2023Dec 2024CHANGE
26 Days30 Days+15.8%

Summary: Homes in 94549 had an average of 30 days on market in Dec 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 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 December 2024, 14 homes were sold in 94549; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 7 Days Ago

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