$10,000 Closing Credit*
$1,249,900
David Azimi, Listing Office: Intero Real Estate Services
Is 94601, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 94601 was a Seller's Market.
Key Takeaway
94601 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 94601, CA
How much do homes in 94601, CA cost?
Median Sold Price
$636,500
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$55,500(-8.0%)
Key Takeaway
Homes in 94601 have sold for 8% less than they did a year ago.
Summary: The median home sold price in 94601 was $636,500 in November 2024, down 8% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $481.5K | +16.0% |
| 2 Bedrooms | $602.5K | $592.7K | -1.6% |
| 3 Bedrooms | $700K | $665K | -5.0% |
| 4 Bedrooms | $788K | $650K | -17.5% |
| 5+ Bedrooms | $973.7K | $684.5K | -29.7% |
Summary: 94601 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 29.7%.
Housing Supply in 94601, CA
How many homes are available in 94601, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 87 | +2.4% |
Summary: The 94601 real estate market had 87 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 94601 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94601, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 94601 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for 94601, CA
How long does it take to sell a home in 94601, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 41 Days | -23.5% |
Summary: Homes in 94601 had an average of 41 days on market in Nov 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 94601 has remained consistent over time.
Summary: During November 2024, 13 homes were sold in 94601; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% 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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