94085 Zip Code Real Estate Market Struggles to Contracts Bottom

Over the last 30 days, two homes went under contract in the 94085 zip code market, the lowest amount since last January. Sales seem to be on the way down, falling to three homes sold over the same period, and extending a five-week downward trend. In comparison, the 95051 zip code had 16 contracts executed in the same time frame, the most of all nearby zip codes. Potential buyers should note that prices are coming down in the 94085 zip code, and for this period the median sales price slid from $890,000 to $660,000. There is only one month of inventory available in the 94085 zip code, so it's still strong seller's market, even with the shrinking contracts numbers.

Looking for a more classic home in the 94085 zip code? These are older homes currently available in the market:

$1.3M   $1.1M  

Get started right now by checking out 94085 homes for sale or reviewing 94085 real estate trends.

Demographic facts for the 94085 zip code:

  • 38.0% of the people in this area are homeowners.
  • This area has a one-year job growth rate of 2.03%.
  • For every teacher there are 19.2 students in this area. (15.3 = national average)

Data reported through 1/11/2017

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Ask a local expert about this area:
Legend Real Estate & Finance
Snapped 2 homes in this area
Altas Realty
Snapped 15 homes in this area
Intero Real Estate Services
Snapped 1 home in this area

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