$7,719 Closing Credit*
$649,999
1,688 SqFt
3 Beds
•2 Full Baths
Monaliza Phillips, Listing Office: Realty One Group Elite
Is 94561, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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 November 2023
+$10,000(+1.5%)
Key Takeaway
Homes in 94561 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 94561 was $680,000 in November 2024, up 1.5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | $485K | $445K | -8.2% |
| 3 Bedrooms | $605K | $615K | +1.7% |
| 4 Bedrooms | $690K | $717.5K | +4.0% |
| 5+ Bedrooms | $802K | $843K | +5.1% |
Summary: 94561 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 94561, CA
How many homes are available in 94561, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 86 | -22.5% |
Summary: The 94561 real estate market had 86 homes for sale in November 2024, a 22.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 41 | 32 | -22.0% |
| 4 Bedrooms | 44 | 37 | -15.9% |
| 5+ Bedrooms | 22 | 12 | -45.5% |
Summary: The 94561 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 increased by 25%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 45.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 20 | -48.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94561, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 94561 in November 2024, down by 48.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +38.1% |
Summary: Homes in 94561 had an average of 33 days on market in Nov 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 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 November 2024, 20 homes were sold in 94561; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.