Is 94560, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94560 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94560 has remained a Seller's Market.

Key Takeaway

94560 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94560, CA

How much do homes in 94560, CA cost?

Median Sold Price

$1,300,000

$818/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$132,500(+11.3%)

Key Takeaway

Homes in 94560 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 94560 was $1,300,000 in November 2024, up 11.3% from last year, and the median price per square foot was $818.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $478K$463K
-3.1%
2 $665K$699K
+5.1%
3 $1.1M$1.2M
+8.9%
4 $1.3M$1.5M
+12.6%
5+ $1.7M$1.9M
+14.4%

Summary: 94560 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

94560
+11.3%
94538
+11.0%
94555
+10.7%
94536
+7.6%

Housing Supply in 94560, CA

How many homes are available in 94560, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9463-33.0%

Summary: The 94560 real estate market had 63 homes for sale in November 2024, a 33.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1812
-33.3%
3 4126
-36.6%
4 3019
-36.7%
5+ 34
+33.3%

Summary: The 94560 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 36.6%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4319-55.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94560, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 94560 in November 2024, down by 55.8% month-over-month. Of the 17 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.

Days on Market for 94560, CA

How long does it take to sell a home in 94560, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days14 Days-26.7%

Summary: Homes in 94560 had an average of 14 days on market in Nov 2024, down by 26.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94560 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 94560; 89% of homes were sold within 30 days, 11% 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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