$170,000
0.08 Acres
Land
Tommy Tsai, Listing Office: Fortunus Real Estate Investmen
Is 94608, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $490K | +4.3% |
| 2 Bedrooms | $740K | $720K | -2.7% |
| 3 Bedrooms | $990K | $930.5K | -6.0% |
| 4 Bedrooms | $1.0M | $1.0M | -1.4% |
| 5+ Bedrooms | $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%.
Housing Supply in 94608, CA
How many homes are available in 94608, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 107 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 33 | +17.9% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 9 | 9 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 35 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
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.
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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