Is 94566, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94566 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94566 has remained a Seller's Market.

Key Takeaway

94566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94566, CA

How much do homes in 94566, CA cost?

Median Sold Price

$1,790,666

$866/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,000(+2.5%)

Key Takeaway

Homes in 94566 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 94566 was $1,790,666 in October 2024, up 2.5% from last year, and the median price per square foot was $866.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $422.5K$455K
+7.7%
2 $743.5K$788K
+6.0%
3 $1.3M$1.4M
+2.7%
4 $1.8M$1.9M
+5.7%
5+ $3.0M$3.0M
0.2%

Summary: 94566 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

94586
+25.6%
94588
+16.1%
94550
+7.6%
94566
+2.5%

Housing Supply in 94566, CA

How many homes are available in 94566, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106101-4.7%

Summary: The 94566 real estate market had 101 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 149
-35.7%
3 3332
-3.0%
4 3939
0.0%
5+ 1920
+5.3%

Summary: The 94566 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 35.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3145+45.2%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94566, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 94566 in October 2024, up by 45.2% month-over-month. Of the 44 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.

Days on Market for 94566, CA

How long does it take to sell a home in 94566, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days29 Days+37.4%

Summary: Homes in 94566 had an average of 29 days on market in Oct 2024, up by 37.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94566 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in 94566; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% 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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