$830,000
3.45 Acres
Land
Margaret Hurtado, Listing Office: Weichert Realtors - HH and Associates
Is 94561, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 94561 has remained a Seller's Market.
Key Takeaway
94561 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94561, CA
How much do homes in 94561, CA cost?
Median Sold Price
$680,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,333(+1.7%)
Key Takeaway
Homes in 94561 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 94561 was $680,000 in October 2024, up 1.7% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | $492.5K | $445K | -9.6% |
| 3 Bedrooms | $600K | $618K | +3.0% |
| 4 Bedrooms | $689.5K | $720K | +4.4% |
| 5+ Bedrooms | $797.5K | $846K | +6.1% |
Summary: 94561 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 9.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 94561, CA
How many homes are available in 94561, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 122 | +1.7% |
Summary: The 94561 real estate market had 122 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 46 | 50 | +8.7% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The 94561 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 66.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 42 | +40.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94561, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 94561 in October 2024, up by 40.0% month-over-month. Of the 38 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for 94561, CA
How long does it take to sell a home in 94561, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +21.7% |
Summary: Homes in 94561 had an average of 32 days on market in Oct 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94561 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in 94561; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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