$469,000
0.47 Acres
Land
David Eckert, Listing Office: Coldwell Banker Realty
Is 94611, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,416,250
$723/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$83,750(-5.6%)
Key Takeaway
Homes in 94611 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 94611 was $1,416,250 in November 2024, down 5.6% from last year, and the median price per square foot was $723.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $440K | $403K | -8.4% |
| 2 Bedrooms | $1.0M | $1.0M | -3.7% |
| 3 Bedrooms | $1.4M | $1.3M | -6.7% |
| 4 Bedrooms | $1.8M | $1.7M | -5.4% |
| 5+ Bedrooms | $2.2M | $2.8M | +27.3% |
Summary: 94611 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 27.3%.
Housing Supply in 94611, CA
How many homes are available in 94611, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 154 | 135 | -12.3% |
Summary: The 94611 real estate market had 135 homes for sale in November 2024, a 12.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 48 | 40 | -16.7% |
| 4 Bedrooms | 55 | 44 | -20.0% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The 94611 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 4.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94611, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 94611 in November 2024, down by 5.3% month-over-month. Of the 35 sold homes, 34% were sold under asking, 11% were sold at asking, and 54% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 30 Days | -18.4% |
Summary: Homes in 94611 had an average of 30 days on market in Nov 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 94611 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 36 homes were sold in 94611; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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