Is 95407, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 95407 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 95407 has remained a Seller's Market.

Key Takeaway

95407 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 95407, CA

How much do homes in 95407, CA cost?

Median Sold Price

$648,250

$448/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,250(+5.4%)

Key Takeaway

Homes in 95407 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 95407 was $648,250 in October 2024, up 5.4% from last year, and the median price per square foot was $448.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $475K$600K
+26.3%
2 $495K$512.5K
+3.5%
3 $627K$630K
0.5%
4 $745K$719K
-3.5%
5+ $1.0M$758.2K
-24.9%

Summary: 95407 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Zip Codes

95401
+6.9%
95407
+5.4%
94928
+0.8%
95404
0.4%
94931
-1.5%

Housing Supply in 95407, CA

How many homes are available in 95407, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5364+20.8%

Summary: The 95407 real estate market had 64 homes for sale in October 2024, a 20.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 610
+66.7%
3 2934
+17.2%
4 1518
+20.0%
5+ 22
0.0%

Summary: The 95407 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 95407, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 95407 in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.

Days on Market for 95407, CA

How long does it take to sell a home in 95407, CA?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 95407 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 95407; 0% of homes were sold within 30 days, 6% 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 17 Days Ago

Newest Listings in 95407, CA

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