$10,000 Closing Credit*
$988,888
1,464 SqFt
3 Beds
•2 Full Baths
Lino Matos, Listing Office: Intero Real Estate Services
Is 95116, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$980,000
$725/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$7,500(-0.8%)
Key Takeaway
Homes in 95116 have sold for 0.8% less than they did a month ago.
Summary: The median home sold price in 95116 was $980,000 in November 2024, down 0.8% from last month, and the median price per square foot was $725.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.9K | $405K | +14.1% |
| 2 Bedrooms | $780.5K | $643K | -17.6% |
| 3 Bedrooms | $930K | $985K | +5.9% |
| 4 Bedrooms | $1.1M | $1.0M | -2.4% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: 95116 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes did not change.
Housing Supply in 95116, CA
How many homes are available in 95116, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 39 | -13.3% |
Summary: The 95116 real estate market had 39 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 95116 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 95116, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 95116 in November 2024, down by 31.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 39 Days | +16.7% |
Summary: Homes in 95116 had an average of 39 days on market in Nov 2024, up by 16.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 95116 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 95116; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% 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.