Is 94941, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 94941 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 94941 has remained a Seller's Market.

Key Takeaway

94941 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 94941, CA

How much do homes in 94941, CA cost?

Median Sold Price

$2,076,000

$1,012/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$71,611(+3.6%)

Key Takeaway

Homes in 94941 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 94941 was $2,076,000 in October 2024, up 3.6% from last year, and the median price per square foot was $1,012.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $747.5K$704K
-5.8%
2 $1.3M$1.4M
+1.8%
3 $1.7M$1.9M
+5.9%
4 $2.6M$2.6M
-1.7%
5+ $3.4M$3.6M
+4.2%

Summary: 94941 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

94904
+29.9%
94925
+9.9%
94941
+3.6%
94939
-7.4%
94965
-18.7%

Housing Supply in 94941, CA

How many homes are available in 94941, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10095-5.0%

Summary: The 94941 real estate market had 95 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 41
-75.0%
2 1514
-6.7%
3 2834
+21.4%
4 3326
-21.2%
5+ 2020
0.0%

Summary: The 94941 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2234+54.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 94941, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 94941 in October 2024, up by 54.5% month-over-month. Of the 34 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% were sold over asking.

Days on Market for 94941, 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 16 Days Ago

Newest Listings in 94941, CA

Nearby Markets to 94941, CA