Is 94605, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94605 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94605 has remained a Seller's Market.

Key Takeaway

94605 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94605, CA

How much do homes in 94605, CA cost?

Median Sold Price

$763,750

$518/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,250(+2.9%)

Key Takeaway

Homes in 94605 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 94605 was $763,750 in November 2024, up 2.9% from last year, and the median price per square foot was $518.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $470K$415K
-11.7%
2 $579K$566K
-2.2%
3 $784K$780K
-0.5%
4 $1.1M$985K
-12.4%
5+ $820K$1.2M
+46.3%

Summary: 94605 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 46.3%.

Median Sold Price Compared To Nearby Zip Codes

94605
+2.9%
94577
+2.0%
94619
-1.0%
94603
-2.1%
94621
-4.8%

Housing Supply in 94605, CA

How many homes are available in 94605, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148126-14.9%

Summary: The 94605 real estate market had 126 homes for sale in November 2024, a 14.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 5038
-24.0%
3 5650
-10.7%
4 2725
-7.4%
5+ 1311
-15.4%

Summary: The 94605 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 decreased by 24%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3729-21.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94605, you could pay more than the asking price. 79.2% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 94605 in November 2024, down by 21.6% month-over-month. Of the 24 sold homes, 13% were sold under asking, 8% were sold at asking, and 79% were sold over asking.

Days on Market for 94605, CA

How long does it take to sell a home in 94605, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days39 Days+94.9%

Summary: Homes in 94605 had an average of 39 days on market in Nov 2024, up by 94.9% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94605 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 29 homes were sold in 94605; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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

Newest Listings in 94605, CA

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