Is 94608, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94608 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 94608 was a Seller's Market.

Key Takeaway

94608 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 94608, CA

How much do homes in 94608, CA cost?

Median Sold Price

$700,000

$592/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,333(-3.6%)

Key Takeaway

Homes in 94608 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 94608 was $700,000 in October 2024, down 3.6% from last year, and the median price per square foot was $592.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $470K$490K
+4.3%
2 $740K$720K
-2.7%
3 $990K$930.5K
-6.0%
4 $1.0M$1.0M
-1.4%
5+ $830K$1.2M
+50.6%

Summary: 94608 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 50.6%.

Median Sold Price Compared To Nearby Zip Codes

94703
+4.5%
94607
+3.3%
94608
-3.6%
94612
-6.5%
94609
-16.8%

Housing Supply in 94608, CA

How many homes are available in 94608, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
94107+13.8%

Summary: The 94608 real estate market had 107 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2833
+17.9%
2 3739
+5.4%
3 1216
+33.3%
4 810
+25.0%
5+ 99
0.0%

Summary: The 94608 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94608, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 94608 in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 7% were sold at asking, and 73% were sold over asking.

Days on Market for 94608, CA

How long does it take to sell a home in 94608, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days35 Days+43.7%

Summary: Homes in 94608 had an average of 35 days on market in Oct 2024, up by 43.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94608 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 94608; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 13 Days Ago

Newest Listings in 94608, CA

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