$7,716 Closing Credit*
$649,800
1,130 SqFt
3 Beds
•1 Full Bath, 1 Partial
Gina Piper, Listing Office: Elation Real Estate
Is 94588, 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, 94588 has remained a Seller's Market.
Key Takeaway
94588 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94588, CA
How much do homes in 94588, CA cost?
Median Sold Price
$1,600,000
$809/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$229,750(+16.8%)
Key Takeaway
Homes in 94588 have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in 94588 was $1,600,000 in November 2024, up 16.8% from last year, and the median price per square foot was $809.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $520K | +2.0% |
| 2 Bedrooms | $814K | $723K | -11.2% |
| 3 Bedrooms | $1.1M | $1.4M | +18.6% |
| 4 Bedrooms | $1.6M | $1.7M | +2.1% |
| 5+ Bedrooms | $2.2M | $3.0M | +37.7% |
Summary: 94588 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 37.7%.
Housing Supply in 94588, CA
How many homes are available in 94588, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 53 | -17.2% |
Summary: The 94588 real estate market had 53 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 27 | 19 | -29.6% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 94588 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94588, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 94588 in November 2024, down by 5.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 94588, CA
How long does it take to sell a home in 94588, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 25 Days | +138.1% |
Summary: Homes in 94588 had an average of 25 days on market in Nov 2024, up by 138.1% compared to last year.
Breakdown of Home Sale Times
11 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 94588 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in 94588; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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