94720 ZIP Code Housing Market
$960,000median sale price
Quick answer: The median home sale price in ZIP code 94720 is $960,000. Homes sell in an average of 154 days. The market is currently a buyer's market.
94720 market data
| Metric | Value |
|---|---|
| Median sale price | $960,000 |
| Average days on market | 154 days |
| Sale-to-list price ratio | 73.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 94720 zip code, located in Ukiah, CA, is currently classified as a buyer's market. The median sale price stands at $960,000. Homes in this area spend an average of 154 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 94720 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
2
Last 12 weeks
Days on market
154
Average pace
Active listings
—
Sale-to-list
73.9%
Below asking
Market analysis for 94720
The 94720 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 73.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94720 have remained relatively stable compared to last year. 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
5,763
Median age
19.9 years
Owner-occupied
2477.0%
College grads
8228.0%
Living in 94720
Zip code 94720 is home to approximately 5,763 residents. With a median age of 19.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 2477.0% 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 8228.0% 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 94720.
Frequently asked questions about 94720
What is the median home price in 94720?
The current median sale price in 94720 is $960,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 94720 a buyer's or seller's market?
The 94720 zip code is currently classified as a buyer'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 94720?
Zip code 94720 has a population of approximately 5,763 residents. About 2477.0% 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 94720?
Properties Incorporated provides comprehensive data for 94720 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 94720 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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