Is 94803, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94803 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94803 has remained a Seller's Market.

Key Takeaway

94803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94803, CA

How much do homes in 94803, CA cost?

Median Sold Price

$751,000

$478/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,000(+0.1%)

Key Takeaway

The sold price of homes in 94803 has remained the same since last year.

Summary: The median home sold price in 94803 was $751,000 in October 2024, up 0.1% from last year, and the median price per square foot was $478.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K$325K
+4.8%
2 $465K$480K
+3.2%
3 $730K$710K
-2.7%
4 $860K$905K
+5.2%
5+ $971.6K$999.9K
+2.9%

Summary: 94803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

94530
+2.2%
94806
+1.7%
94803
0.1%
94564
-0.7%
94805
-2.0%

Housing Supply in 94803, CA

How many homes are available in 94803, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7073+4.3%

Summary: The 94803 real estate market had 73 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 67
+16.7%
3 3225
-21.9%
4 2026
+30.0%
5+ 811
+37.5%

Summary: The 94803 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 16.7%, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1624+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94803, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 94803 in October 2024, up by 50.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 5% were sold at asking, and 67% were sold over asking.

Days on Market for 94803, CA

How long does it take to sell a home in 94803, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days32 Days+50.7%

Summary: Homes in 94803 had an average of 32 days on market in Oct 2024, up by 50.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94803 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 94803; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 4% 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 94803, CA

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