Is 94805, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94805 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 94805 has remained a Seller's Market.

Key Takeaway

94805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94805, CA

How much do homes in 94805, CA cost?

Median Sold Price

$720,000

$615/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$20,000(-2.7%)

Key Takeaway

Homes in 94805 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 94805 was $720,000 in December 2024, down 2.7% from last year, and the median price per square foot was $615.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$600K
N/A
2 $650K$679K
+4.5%
3 $740K$749K
+1.2%
4 $1.0M$873.7K
-17.2%
5+ $945K$1.2M
+32.8%

Summary: 94805 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 32.8%.

Median Sold Price Compared To Nearby Zip Codes

94530
+4.4%
94806
+2.5%
94803
+1.6%
94804
-1.8%
94805
-2.7%

Housing Supply in 94805, CA

How many homes are available in 94805, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1310-23.1%

Summary: The 94805 real estate market had 10 homes for sale in December 2024, a 23.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 74
-42.9%
4 22
0.0%
5+ 00
0.0%

Summary: The 94805 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94805, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 94805 in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 94805, CA

How long does it take to sell a home in 94805, CA?

Average Sale Time

Dec 2023Dec 2024CHANGE
13 Days30 Days+130.2%

Summary: Homes in 94805 had an average of 30 days on market in Dec 2024, up by 130.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94805 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 94805; 75% of homes were sold within 30 days, 25% 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 6 Days Ago

Newest Listings in 94805, CA

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