94024 ZIP Code Housing Market
$4.58Mmedian sale price
Quick answer: The median home sale price in ZIP code 94024 is $4.58M, down 12.6% year-over-year. Homes sell in an average of 10 days with 27 active listings. The market is currently a seller's market.
94024 market data
| Metric | Value |
|---|---|
| Median sale price | $4.58M |
| Median list price | $4.50M |
| Year-over-year price change | -12.6% |
| Average days on market | 10 days |
| Active inventory | 27 listings |
| Sale-to-list price ratio | 104.6% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The 94024 zip code, located in Ukiah, CA, is currently classified as a seller's market. The median sale price stands at $4.58M, representing a -12.6% change year over year. Homes in this area spend an average of 10 days on the market before going under contract. There are currently 27 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 94024 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
38
Last 12 weeks
Days on market
10
Fast-moving
Active listings
27
Sale-to-list
104.6%
Above asking
Market trends
Market analysis for 94024
The 94024 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 104.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94024 have declined -12.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 94024 stands at $4.73M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $7,220 per month. This gives a price-to-rent ratio of approximately 54.6, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
23,051
Median income
$250,001/yr
Median age
47.6 years
Owner-occupied
8739.0%
College grads
8659.0%
Avg commute
17.77 min
Living in 94024
Zip code 94024 is home to approximately 23,051 residents. The median household income is $250,001 per year, which shapes the types of homes and amenities available in the area. With a median age of 47.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 8739.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 8659.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.77 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 94024.
Frequently asked questions about 94024
What is the median home price in 94024?
The current median sale price in 94024 is $4.58M, based on recent Redfin transaction data. Prices have changed -12.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 94024 a buyer's or seller's market?
The 94024 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 94024?
Zip code 94024 has a population of approximately 23,051 residents. The median household income is $250,001 per year. About 8739.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 94024?
Properties Incorporated provides comprehensive data for 94024 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 94024 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
Get zip code 94024 market alerts
Weekly updates on prices, inventory, and trends. Free forever.