Is 94565, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94565 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94565 has remained a Seller's Market.

Key Takeaway

94565 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94565, CA

How much do homes in 94565, CA cost?

Median Sold Price

$588,571

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,571(+0.6%)

Key Takeaway

Homes in 94565 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 94565 was $588,571 in October 2024, up 0.6% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $262.5K$260K
-1.0%
2 $420K$387.5K
-7.7%
3 $545K$555K
+1.8%
4 $647.5K$650K
0.4%
5+ $830K$815K
-1.8%

Summary: 94565 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

94520
+8.5%
94509
+2.7%
94521
+1.1%
94565
+0.6%
94519
-2.3%

Housing Supply in 94565, CA

How many homes are available in 94565, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
167178+6.6%

Summary: The 94565 real estate market had 178 homes for sale in October 2024, a 6.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 2622
-15.4%
3 6175
+23.0%
4 5355
+3.8%
5+ 2221
-4.5%

Summary: The 94565 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 decreased by 15.4%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4745-4.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94565, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in 94565 in October 2024, down by 4.3% month-over-month. Of the 40 sold homes, 23% were sold under asking, 13% were sold at asking, and 65% were sold over asking.

Days on Market for 94565, CA

How long does it take to sell a home in 94565, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days27 Days+19.2%

Summary: Homes in 94565 had an average of 27 days on market in Oct 2024, up by 19.2% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94565 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 94565; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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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