$7,824 Closing Credit*
$658,888
1,180 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jaime Alvarez, Listing Office: New Bay Realty
Is 95116, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 95116 has remained a Seller's Market.
Key Takeaway
95116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 95116, CA
How much do homes in 95116, CA cost?
Median Sold Price
$889,500
$723/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,500(+5.9%)
Key Takeaway
Homes in 95116 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 95116 was $889,500 in October 2024, up 5.9% from last year, and the median price per square foot was $723.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $410K | -10.9% |
| 2 Bedrooms | $617.5K | $689.4K | +11.7% |
| 3 Bedrooms | $870K | $900K | +3.4% |
| 4 Bedrooms | $1.0M | $1.1M | +5.3% |
| 5+ Bedrooms | $860K | $1.1M | +39.0% |
Summary: 95116 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 39%.
Housing Supply in 95116, CA
How many homes are available in 95116, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 48 | +2.1% |
Summary: The 95116 real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 95116 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 95116, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 95116 in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for 95116, CA
How long does it take to sell a home in 95116, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 33 Days | +78.4% |
Summary: Homes in 95116 had an average of 33 days on market in Oct 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 95116 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 95116; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.