Is 94580, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94580 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94580 has remained a Seller's Market.

Key Takeaway

94580 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94580, CA

How much do homes in 94580, CA cost?

Median Sold Price

$855,000

$650/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+3.6%)

Key Takeaway

Homes in 94580 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 94580 was $855,000 in October 2024, up 3.6% from last year, and the median price per square foot was $650.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $710K$585.1K
-17.6%
3 $827.2K$850K
+2.8%
4 $900K$960K
+6.7%
5+ $819K$1.0M
+33.1%

Summary: 94580 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 17.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.1%.

Median Sold Price Compared To Nearby Zip Codes

94541
+7.7%
94580
+3.6%
94579
+2.9%
94545
+2.9%
94578
+2.3%

Housing Supply in 94580, CA

How many homes are available in 94580, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3943+10.3%

Summary: The 94580 real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2932
+10.3%
4 56
+20.0%
5+ 00
0.0%

Summary: The 94580 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 remained the same, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1417+21.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94580, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 94580 in October 2024, up by 21.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.

Days on Market for 94580, CA

How long does it take to sell a home in 94580, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days22 Days+102.9%

Summary: Homes in 94580 had an average of 22 days on market in Oct 2024, up by 102.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94580 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 94580; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in 94580, CA

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