Is 94901, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94901 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94901 has remained a Seller's Market.

Key Takeaway

94901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94901, CA

How much do homes in 94901, CA cost?

Median Sold Price

$1,445,000

$730/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+1.6%)

Key Takeaway

Homes in 94901 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 94901 was $1,445,000 in October 2024, up 1.6% from last year, and the median price per square foot was $730.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $436K$457.5K
+4.9%
2 $888.5K$880K
-1.0%
3 $1.3M$1.2M
-4.2%
4 $1.7M$1.8M
+4.2%
5+ $2.3M$3.0M
+27.7%

Summary: 94901 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 27.7%.

Median Sold Price Compared To Nearby Zip Codes

94904
+29.9%
94903
+2.8%
94901
+1.6%
94960
-7.5%

Housing Supply in 94901, CA

How many homes are available in 94901, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97100+3.1%

Summary: The 94901 real estate market had 100 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1822
+22.2%
3 3637
+2.8%
4 2925
-13.8%
5+ 1314
+7.7%

Summary: The 94901 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1727+58.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94901, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 94901 in October 2024, up by 58.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 94901, CA

How long does it take to sell a home in 94901, CA?

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94901 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 94901; 7% of homes were sold within 30 days, 7% 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 16 Days Ago

Newest Listings in 94901, CA

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