Is 94801, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94801 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 94801 was a Neutral Market.

Key Takeaway

94801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94801, CA

How much do homes in 94801, CA cost?

Median Sold Price

$554,500

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,000(+1.3%)

Key Takeaway

Homes in 94801 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 94801 was $554,500 in November 2024, up 1.3% from last year, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$457K
+30.6%
2 $512K$485K
-5.3%
3 $550K$577.5K
+5.0%
4 $623.5K$765K
+22.7%
5+ $760K$625K
-17.8%

Summary: 94801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

94806
+1.7%
94801
+1.3%
94804
-2.3%

Housing Supply in 94801, CA

How many homes are available in 94801, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6053-11.7%

Summary: The 94801 real estate market had 53 homes for sale in November 2024, a 11.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2018
-10.0%
3 2722
-18.5%
4 78
+14.3%
5+ 32
-33.3%

Summary: The 94801 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 10%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1710-41.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94801, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 94801 in November 2024, down by 41.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for 94801, CA

How long does it take to sell a home in 94801, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days9 Days-75.1%

Summary: Homes in 94801 had an average of 9 days on market in Nov 2024, down by 75.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94801 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 94801; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 94801, CA

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