94516 ZIP Code Housing Market
$2.55Mmedian sale price
Quick answer: The median home sale price in ZIP code 94516 is $2.55M, up 61.9% year-over-year. Homes sell in an average of 12 days. The market is currently a seller's market.
94516 market data
| Metric | Value |
|---|---|
| Median sale price | $2.55M |
| Year-over-year price change | +61.9% |
| Average days on market | 12 days |
| Sale-to-list price ratio | 102.0% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The 94516 zip code, located in Ukiah, CA, is currently classified as a seller's market. The median sale price stands at $2.55M, representing a +61.9% change year over year. Homes in this area spend an average of 12 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 94516 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
1
Last 12 weeks
Days on market
12
Fast-moving
Active listings
—
Sale-to-list
102.0%
Above asking
Market trends
Market analysis for 94516
The 94516 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 102.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94516 have increased +61.9% 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.
Community profile
Population
214
Median income
$113,333/yr
Median age
56 years
Owner-occupied
7237.0%
College grads
6556.0%
Living in 94516
Zip code 94516 is home to approximately 214 residents. The median household income is $113,333 per year, which shapes the types of homes and amenities available in the area. With a median age of 56 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7237.0% 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 6556.0% 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. 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 94516.
Frequently asked questions about 94516
What is the median home price in 94516?
The current median sale price in 94516 is $2.55M, based on recent Redfin transaction data. Prices have changed +61.9% 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 94516 a buyer's or seller's market?
The 94516 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 94516?
Zip code 94516 has a population of approximately 214 residents. The median household income is $113,333 per year. About 7237.0% 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 94516?
Properties Incorporated provides comprehensive data for 94516 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 94516 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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