$10,000 Closing Credit*
$1,399,000
2,255 SqFt
3 Beds
•2 Full Baths, 1 Partial
Andrea Gordon, Listing Office: Compass
Is 94611, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 94611 has remained a Seller's Market.
Key Takeaway
94611 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 94611, CA
How much do homes in 94611, CA cost?
Median Sold Price
$1,409,500
$720/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$93,500(-6.2%)
Key Takeaway
Homes in 94611 have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in 94611 was $1,409,500 in October 2024, down 6.2% from last year, and the median price per square foot was $720.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.5K | $403K | -7.9% |
| 2 Bedrooms | $1.0M | $1.0M | -2.7% |
| 3 Bedrooms | $1.5M | $1.3M | -8.8% |
| 4 Bedrooms | $1.8M | $1.7M | -8.5% |
| 5+ Bedrooms | $2.2M | $2.7M | +25.0% |
Summary: 94611 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 25%.
Housing Supply in 94611, CA
How many homes are available in 94611, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 174 | +19.2% |
Summary: The 94611 real estate market had 174 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 16 | 26 | +62.5% |
| 3 Bedrooms | 46 | 55 | +19.6% |
| 4 Bedrooms | 53 | 61 | +15.1% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 94611 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94611, you could pay more than the asking price. 78.4% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 94611 in October 2024, up by 31.0% month-over-month. Of the 37 sold homes, 14% were sold under asking, 8% were sold at asking, and 78% were sold over asking.
Days on Market for 94611, CA
How long does it take to sell a home in 94611, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 21 Days | -7.1% |
Summary: Homes in 94611 had an average of 21 days on market in Oct 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94611 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 94611; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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