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Sarah Mitchell
Compass Real Estate · ZIP 94061
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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94061 ZIP Code Housing Market
$2.12Mmedian sale price
What is the 94061 housing market like right now?
The median home sale price in ZIP code 94061 is $2.12M, up 4.6% year-over-year. Homes sell in an average of 10 days with 45 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 94061 ZIP code a buyer's or seller's market?
ZIP code 94061 is currently a seller's market and homes selling in about 10 days. How we determine this →
What are the latest 94061 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $2.12M |
| Median list price | $1.94M |
| Year-over-year price change | +4.6% |
| Average days on market | 10 days |
| Active inventory | 45 listings |
| Sale-to-list price ratio | 106.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 94061 zip code, located in Emerald Lake Hills, CA, is currently classified as a seller's market. The median sale price stands at $2.12M, representing a +4.6% change year over year. Homes in this area spend an average of 10 days on the market before going under contract. There are currently 45 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 94061 sits in the Emerald Lake Hills, CA area, roughly 1.6 miles from downtown Emerald Lake Hills. Because home prices are set street by street, this ZIP can move differently from Emerald Lake Hills's citywide averages. The figures below reflect 94061 specifically — drawn from Redfin transactions, U.S. Census data for its 37,048 residents, and Zillow value estimates.
Homes sold
77
Last 12 weeks
Days on market
10
Fast-moving
Active listings
45
Sale-to-list
106.9%
Above asking
Market trends
What is driving the 94061 housing market?
The 94061 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 106.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94061 have increased +4.6% compared to last year, suggesting continued demand and potential for further appreciation. 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 94061 stands at $2.00M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,619 per month. This gives a price-to-rent ratio of approximately 46.1, 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.
Who lives in 94061?
Population
37,048
Median income
$146,265/yr
Median age
38 years
Owner-occupied
54.0%
College grads
50.9%
Avg commute
26.73 min
What is it like living in 94061?
Zip code 94061 is home to approximately 37,048 residents. The median household income is $146,265 per year, which shapes the types of homes and amenities available in the area. With a median age of 38 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 54.0% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 50.9% 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 26.73 minutes, which is close to the national average. 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 94061.
Which public schools serve ZIP 94061?
4 schools tracked · 1,840 students
The largest public schools serving ZIP code 94061 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Roy Cloud Elementary
Grades K-8 · 615 students
Henry Ford Elementary
Grades K-5 · 458 students
Roosevelt Elementary
Grades K-8 · 453 students
Rocketship Redwood City
Grades K-5 · 314 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 94061
What is the median home price in 94061?
The current median sale price in 94061 is $2.12M, based on recent Redfin transaction data. Prices have changed +4.6% 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 94061 a buyer's or seller's market?
The 94061 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 of zip code 94061?
Zip code 94061 has a population of approximately 37,048 residents. The median household income is $146,265 per year. About 54.0% 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 94061?
Properties Incorporated provides comprehensive data for 94061 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 94061 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.
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