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 October 2023

Since last year, 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

$670,000

$495/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-1.5%)

Key Takeaway

Homes in 94931 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 94931 was $670,000 in October 2024, down 1.5% from last year, and the median price per square foot was $495.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $443K$430K
-2.9%
3 $711.2K$700K
-1.6%
4 $1.0M$1.1M
+18.0%
5+ $980K$1.2M
+22.4%

Summary: 94931 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 22.4%.

Median Sold Price Compared To Nearby Zip Codes

94951
+10.6%
95407
+5.4%
94928
+0.8%
94931
-1.5%
94952
-2.4%

Housing Supply in 94931, CA

How many homes are available in 94931, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2322-4.3%

Summary: The 94931 real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 88
0.0%
3 99
0.0%
4 54
-20.0%
5+ 11
0.0%

Summary: The 94931 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94931, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 94931 in October 2024, up by 120.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% were sold over asking.

Days on Market for 94931, CA

How long does it take to sell a home in 94931, CA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 94931 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 94931; 9% of homes were sold within 30 days, 0% 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 94931, CA

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