Is 94556, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94556 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94556 has remained a Seller's Market.

Key Takeaway

94556 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94556, CA

How much do homes in 94556, CA cost?

Median Sold Price

$1,665,164

$716/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$29,836(-1.8%)

Key Takeaway

Homes in 94556 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 94556 was $1,665,164 in October 2024, down 1.8% from last year, and the median price per square foot was $716.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $417.5K$451.7K
+8.2%
2 $710K$679K
-4.4%
3 $1.3M$1.2M
-8.8%
4 $1.9M$1.8M
-3.6%
5+ $2.3M$2.0M
-11.1%

Summary: 94556 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

94595
+1.3%
94619
+1.0%
94556
-1.8%

Housing Supply in 94556, CA

How many homes are available in 94556, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4756+19.1%

Summary: The 94556 real estate market had 56 homes for sale in October 2024, a 19.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 78
+14.3%
3 1215
+25.0%
4 2121
0.0%
5+ 58
+60.0%

Summary: The 94556 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 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
919+111.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94556, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 94556 in October 2024, up by 111.1% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.

Days on Market for 94556, CA

How long does it take to sell a home in 94556, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days28 Days+18.4%

Summary: Homes in 94556 had an average of 28 days on market in Oct 2024, up by 18.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94556 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 94556; 68% of homes were sold within 30 days, 32% 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 23 Days Ago

Newest Listings in 94556, CA

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