Is 95051, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95051 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 95051 has remained a Seller's Market.

Key Takeaway

95051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95051, CA

How much do homes in 95051, CA cost?

Median Sold Price

$1,803,666

$1,186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$197,000(+12.3%)

Key Takeaway

Homes in 95051 have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in 95051 was $1,803,666 in October 2024, up 12.3% from last year, and the median price per square foot was $1,186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $460.4K$440K
-4.4%
2 $801.5K$831.5K
+3.7%
3 $1.6M$1.8M
+10.4%
4 $1.9M$2.1M
+14.5%
5+ $2.0M$2.3M
+16.9%

Summary: 95051 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Zip Codes

95117
+24.4%
94087
+13.4%
95051
+12.3%
95050
+9.3%
94086
+3.2%

Housing Supply in 95051, CA

How many homes are available in 95051, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8687+1.2%

Summary: The 95051 real estate market had 87 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 2123
+9.5%
3 3228
-12.5%
4 2022
+10.0%
5+ 43
-25.0%

Summary: The 95051 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2531+24.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95051, you could pay more than the asking price. 71% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in 95051 in October 2024, up by 24.0% month-over-month. Of the 31 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% were sold over asking.

Days on Market for 95051, CA

How long does it take to sell a home in 95051, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days17 Days+40.9%

Summary: Homes in 95051 had an average of 17 days on market in Oct 2024, up by 40.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 95051 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 95051; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% 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 15 Days Ago

Newest Listings in 95051, CA

Nearby Markets to 95051, CA