Is 94806, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94806 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94806 has remained a Seller's Market.

Key Takeaway

94806 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94806, CA

How much do homes in 94806, CA cost?

Median Sold Price

$610,000

$474/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+1.7%)

Key Takeaway

Homes in 94806 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 94806 was $610,000 in October 2024, up 1.7% from last year, and the median price per square foot was $474.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $333.7K$309.7K
-7.2%
2 $464.5K$430K
-7.4%
3 $605.5K$610K
+0.7%
4 $730K$725K
-0.7%
5+ $950K$896.5K
-5.6%

Summary: 94806 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

94806
+1.7%
94803
0.1%
94801
0.0%
94564
-0.7%
94805
-2.0%

Housing Supply in 94806, CA

How many homes are available in 94806, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6885+25.0%

Summary: The 94806 real estate market had 85 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1720
+17.6%
3 2642
+61.5%
4 2116
-23.8%
5+ 03
+100.0%

Summary: The 94806 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 17.6%, 3 bedroom homes increased by 61.5%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94806, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 94806 in October 2024, down by 20.0% month-over-month. Of the 15 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.

Days on Market for 94806, CA

How long does it take to sell a home in 94806, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days13 Days-66.1%

Summary: Homes in 94806 had an average of 13 days on market in Oct 2024, down by 66.1% compared to last year.

Breakdown of Home Sale Times

15 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 94806 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in 94806; 94% of homes were sold within 30 days, 6% 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 94806, CA

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