94116 ZIP Code Housing Market
$1.75Mmedian sale price
Quick answer: The median home sale price in ZIP code 94116 is $1.75M, up 16.7% year-over-year. Homes sell in an average of 13 days with 16 active listings. The market is currently a seller's market.
94116 market data
| Metric | Value |
|---|---|
| Median sale price | $1.75M |
| Median list price | $1.28M |
| Year-over-year price change | +16.7% |
| Average days on market | 13 days |
| Active inventory | 16 listings |
| Sale-to-list price ratio | 125.5% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The 94116 zip code, located in Ukiah, CA, is currently classified as a seller's market. The median sale price stands at $1.75M, representing a +16.7% change year over year. Homes in this area spend an average of 13 days on the market before going under contract. There are currently 16 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 94116 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
13
Fast-moving
Active listings
16
Sale-to-list
125.5%
Above asking
Market trends
Market analysis for 94116
The 94116 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 125.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94116 have increased +16.7% 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 94116 stands at $1.57M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $3,094 per month. This gives a price-to-rent ratio of approximately 42.4, 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
43,791
Median income
$158,921/yr
Median age
45.6 years
Owner-occupied
7311.0%
College grads
5711.0%
Avg commute
34.03 min
Living in 94116
Zip code 94116 is home to approximately 43,791 residents. The median household income is $158,921 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7311.0% 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 5711.0% 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 34.03 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 94116.
Frequently asked questions about 94116
What is the median home price in 94116?
The current median sale price in 94116 is $1.75M, based on recent Redfin transaction data. Prices have changed +16.7% 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 94116 a buyer's or seller's market?
The 94116 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 94116?
Zip code 94116 has a population of approximately 43,791 residents. The median household income is $158,921 per year. About 7311.0% 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 94116?
Properties Incorporated provides comprehensive data for 94116 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 94116 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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