Is 94903, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94903 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 94903 has remained a Seller's Market.

Key Takeaway

94903 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94903, CA

How much do homes in 94903, CA cost?

Median Sold Price

$1,148,125

$666/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,125(+3.4%)

Key Takeaway

Homes in 94903 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 94903 was $1,148,125 in November 2024, up 3.4% from last year, and the median price per square foot was $666.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $405K$394.5K
-2.6%
2 $625K$546.5K
-12.6%
3 $1.1M$1.0M
-3.9%
4 $1.5M$1.5M
-2.3%
5+ $1.8M$1.7M
-3.9%

Summary: 94903 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

94903
+3.4%
94949
+2.8%
94901
+1.5%
94947
-1.6%
94960
-7.2%

Housing Supply in 94903, CA

How many homes are available in 94903, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
126117-7.1%

Summary: The 94903 real estate market had 117 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3131
0.0%
2 3129
-6.5%
3 3528
-20.0%
4 2120
-4.8%
5+ 89
+12.5%

Summary: The 94903 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 6.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2623-11.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94903, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 94903 in November 2024, down by 11.5% month-over-month. Of the 23 sold homes, 57% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 94903, CA

How long does it take to sell a home in 94903, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
6 Days200 Days+3233.3%

Summary: Homes in 94903 had an average of 200 days on market in Nov 2024, up by 3233.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 94903 has remained consistent over time.

Summary: During November 2024, 23 homes were sold in 94903; 0% of homes were sold within 30 days, 4% 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 94903, CA

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