Is 95008, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95008 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 95008 has remained a Seller's Market.

Key Takeaway

95008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95008, CA

How much do homes in 95008, CA cost?

Median Sold Price

$1,826,600

$1,065/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$163,600(+9.8%)

Key Takeaway

Homes in 95008 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 95008 was $1,826,600 in October 2024, up 9.8% from last year, and the median price per square foot was $1,065.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $540K$542.5K
0.5%
2 $882.5K$1.0M
+15.3%
3 $1.6M$1.7M
+7.8%
4 $1.9M$2.3M
+15.6%
5+ $2.7M$3.1M
+13.9%

Summary: 95008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

95117
+24.4%
95128
+13.3%
95124
+12.2%
95130
+12.0%
95008
+9.8%

Housing Supply in 95008, CA

How many homes are available in 95008, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7877-1.3%

Summary: The 95008 real estate market had 77 homes for sale in October 2024, a 1.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 1319
+46.2%
3 3535
0.0%
4 1814
-22.2%
5+ 87
-12.5%

Summary: The 95008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 46.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2533+32.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95008, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in 95008 in October 2024, up by 32.0% month-over-month. Of the 33 sold homes, 30% were sold under asking, 3% were sold at asking, and 67% were sold over asking.

Days on Market for 95008, CA

How long does it take to sell a home in 95008, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days18 Days+45.6%

Summary: Homes in 95008 had an average of 18 days on market in Oct 2024, up by 45.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 95008 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 33 homes were sold in 95008; 82% of homes were sold within 30 days, 18% 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 14 Days Ago

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