Is 94563, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94563 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 94563 has remained a Seller's Market.

Key Takeaway

94563 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94563, CA

How much do homes in 94563, CA cost?

Median Sold Price

$1,935,062

$806/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,062(+0.5%)

Key Takeaway

Homes in 94563 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 94563 was $1,935,062 in December 2024, up 0.5% from last year, and the median price per square foot was $806.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $515K$455K
-11.7%
2 $1.2M$1.4M
+14.4%
3 $1.6M$1.5M
-4.5%
4 $2.0M$2.2M
+6.6%
5+ $2.6M$2.5M
-1.2%

Summary: 94563 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Zip Codes

94705
+12.4%
94549
+2.6%
94563
0.5%
94708
-3.1%
94611
-4.6%

Housing Supply in 94563, CA

How many homes are available in 94563, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4026-35.0%

Summary: The 94563 real estate market had 26 homes for sale in December 2024, a 35.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1712
-29.4%
4 106
-40.0%
5+ 115
-54.5%

Summary: The 94563 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 increased by 50%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 54.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1913-31.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94563, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 94563 in December 2024, down by 31.6% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 94563, CA

How long does it take to sell a home in 94563, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days33 Days+69.2%

Summary: Homes in 94563 had an average of 33 days on market in Dec 2024, up by 69.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94563 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 13 homes were sold in 94563; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 8 Days Ago

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