Is 94931, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94931 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 94931 has remained a Seller's Market.

Key Takeaway

94931 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94931, CA

How much do homes in 94931, CA cost?

Median Sold Price

$702,000

$543/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$98,025(+16.2%)

Key Takeaway

Homes in 94931 have sold for 16.2% more than they did a month ago.

Summary: The median home sold price in 94931 was $702,000 in November 2024, up 16.2% from last month, and the median price per square foot was $543.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $450K$410K
-8.9%
3 $690K$702K
+1.7%
4 $1.0M$1.1M
+3.5%
5+ --
N/A

Summary: 94931 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

94931
+16.2%
94951
-10.6%

Housing Supply in 94931, CA

How many homes are available in 94931, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2312-47.8%

Summary: The 94931 real estate market had 12 homes for sale in November 2024, a 47.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 94
-55.6%
4 42
-50.0%
5+ 11
0.0%

Summary: The 94931 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 44.4%, 3 bedroom homes decreased by 55.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
124-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94931, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 94931 in November 2024, down by 66.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 94931, CA

We’re sorry, we don't have information for this market at the moment

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 94931, CA

Nearby Markets to 94931, CA