$10,000 Closing Credit*
$1,500,000
1,106 SqFt
2 Beds
•1 Full Bath, 1 Partial
Shannan Luft, Listing Office: Coldwell Banker Realty
Is 94941, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$2,094,000
$1,015/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,500(+4.7%)
Key Takeaway
Homes in 94941 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 94941 was $2,094,000 in November 2024, up 4.7% from last year, and the median price per square foot was $1,015.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $760K | +1.3% |
| 2 Bedrooms | $1.3M | $1.3M | +1.0% |
| 3 Bedrooms | $1.8M | $1.8M | +3.3% |
| 4 Bedrooms | $2.7M | $2.4M | -10.9% |
| 5+ Bedrooms | $3.3M | $3.6M | +10.8% |
Summary: 94941 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 94941, CA
How many homes are available in 94941, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 68 | -26.9% |
Summary: The 94941 real estate market had 68 homes for sale in November 2024, a 26.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 36 | 28 | -22.2% |
| 4 Bedrooms | 24 | 14 | -41.7% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The 94941 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 94941, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 94941 in November 2024, down by 19.4% month-over-month. Of the 29 sold homes, 45% were sold under asking, 7% were sold at asking, and 48% were sold over asking.
Days on Market for 94941, CA
How long does it take to sell a home in 94941, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 66 Days | +140.0% |
Summary: Homes in 94941 had an average of 66 days on market in Nov 2024, up by 140% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 94941 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 94941; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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