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 November 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

$650,000

$450/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,000(+5.7%)

Key Takeaway

Homes in 95407 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 95407 was $650,000 in November 2024, up 5.7% from last year, and the median price per square foot was $450.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $475K$600K
+26.3%
2 $494.5K$515K
+4.1%
3 $627K$630K
0.5%
4 $720K$719K
-0.1%
5+ $1.0M$758.2K
-24.9%

Summary: 95407 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 24.9%.

Median Sold Price Compared To Nearby Zip Codes

95407
+5.7%
95401
+5.7%
94928
0.0%
95404
-2.5%

Housing Supply in 95407, CA

How many homes are available in 95407, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5745-21.1%

Summary: The 95407 real estate market had 45 homes for sale in November 2024, a 21.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 3025
-16.7%
4 1511
-26.7%
5+ 21
-50.0%

Summary: The 95407 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 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. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 95407 in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.

Days on Market for 95407, CA

We’re sorry, we don't have information for this market at the moment

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

Nearby Markets to 95407, CA