Fatemah Nikchehi - January 2025 Market Report | San Francisco Bay Area

Page 1


San Francisco Bay area

Jump to Alameda Report Alameda

Contra Costa

Jump to Contra Costa Report

Jump to Napa Report Napa County

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano County

Jump to Solano Report

Sonoma County

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

This is the time when a lot of people take a moment to reflect and set their goals for this year. And as you picture what you want your 2025 to look like, one thing that may pop into your mind is the vision of you in a new home. But how do you get there? And where do you start?

Here’s some advice that can help you get the ball rolling.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

AVOID ADU NIGHTMARES:

Hire the Right Partner

Adding an Accessory Dwelling Unit (ADU) boosts your property value and adds living space. Choose the right partner to ensure your project is smooth and successful.

Choose Expertise Over Inexperience

Building an ADU needs more than construction skills; it requires knowledge of local rules and design. Trust Acton ADU's expertise to avoid mistakes and ensure a seamless process.

Verify

Your ADU Partner’s Credentials

Check that your contractor knows ADU design and local rules to avoid errors. Choose someone with a strong track record in ADU projects.

Conduct Thorough Site Assessments

Not every property suits ADUs. Use experts for site assessments to avoid costly mistakes.

Put Your Trust in The Right Company

Acton ADU has been successfully helping homeowners achieve their property goals for over 35 years. Making the wrong choice in the ADU market can lead to serious financial setbacks. ADUs aren't always ways, but Acton ADU can make it feel that way.

START YOUR ADU PROJECT RIGHT

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

Alameda

What's in the Alameda data?

There were 1,121 single-family homes for sale, providing 1.3 months of inventory. There were 280 new listings, and 560 homes sold at a median price of $1.1m. The median overbid percentage was at 103.7%, with an average of 38 days on the market.

There were 693 condo and townhome units for sale, providing 2 6 months of inventory There were 126 new listings and 168 units sold at a median sale price of $799k. The median overbid percentage was at 97.5%, with an average of 58 days on the market.

mily Homes

ory

560 Sold Listings

$1.1M Median Sale Price

7% ist

38 Avg Days on Market

InfoSparks, includes all single-family homes, condos and rnia Area above from December 2023 to December 2024. This data, and may vary from the time the data was gathered. All but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

Condo & Townhomes

126

New Listings

168 Sold Listings

2.6

Months of Inventory

$799K

Median Sale Price 97.5%

Median Sale vs List 58 Avg Days on Market

AlamedaCounty

DECEMBER 2023 - DECEMBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Single-Family Homes

The median sale price has increased from $1 17m last December 2023, to $1 18m as of December 2024

Condos & Townhomes

The median sale price has increased from $642k last December 2023, to $799k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last December 2023, to 38 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 51 days in December 2023, to 58 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 7% last December 2023, to 103 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.6% last December 2023, to 97.5% a year later.

Contra Costa

What's in the Contra Costa data?

There were 717 single-family homes for sale, providing 1.1 months of inventory. There were 323 new listings, and 494 homes sold at a median price of $886k. The median overbid percentage was at 100%, with an average of 38 days on the market.

There were 327 condo and townhome units for sale, providing 1.8 months of inventory. There were 129 new listings and 132 units sold at a median sale price of $614k. The median overbid percentage was at 99.2%, with an average of 37 days on the market

Single-Family Homes

323 New Listings

494 Sold Listings

1.1 Months of Inventory

$886K

Median Sale Price

100%

Median Sale vs List

38

Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2023 to December 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

129 New Listings

132 Sold Listings

1.8 Months of Inventory $614K Median Sale Price 99.2% Median Sale vs List 37 Avg Days on Market

raCosta

DECEMBER 2023 - DECEMBER 2024 R SALE

mes year-over-year.

omes , year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $799k last December 2023, to $886k as of December 2024

Condos & Townhomes

The median sale price has increased from $560k last December 2023, to $614k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 31 days last December 2023, to 38 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in December 2023, to 37 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last December 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last December 2023, to 99.2% a year later.

Napa County

What's in the Napa County data?

There were 196 single-family homes for sale, providing 2.8 months of inventory. There were 30 new listings, and 70 homes sold at a median price of $880k. The median overbid percentage was at 98 5%, with an average of 66 days on the market

There were 30 condo and townhome units for sale, providing 3 months of inventory. There were 3 new listings and 15 units sold at a median sale price of $690k. The median overbid percentage was at 95.5%, with an average of 85 days on the market.

30 New Listings

70 Sold Listings

2.8 Months of Inventory

$880K Median Sale Price

98.5%

Median Sale vs List

66 Avg Days on Market

Condo & Townhomes

3 New Listings

15 Sold Listings

3 Months of Inventory $690K

Median Sale Price 95.5%

Median Sale vs List 85 Avg Days on Market

NapaCounty

DECEMBER 2023 - DECEMBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $925k last December 2023, to $880k as of December 2024

Condos & Townhomes

The median sale price has increased from $684k last December 2023, to $690k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 87 days last December 2023, to 66 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 83 days in December 2023, to 85 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 3% last December 2023, to 98 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.6% last December 2023, to 95.5% a year later.

San Francisco County

What's in the San Francisco County data?

There were 120 single-family homes for sale, providing 0.7 months of inventory. There were 77 new listings, and 125 homes sold at a median price of $1.5m. The median overbid percentage was at 110.3%, with an average of 34 days on the market.

There were 313 condo and townhome units for sale, providing 1.8 months of inventory. There were 60 new listings and 129 units sold at a median sale price of $1m. The median overbid percentage was at 98%, with an average of 74 days on the market.

77 New Listings

mily Homes

125 Sold Listings

0.7 Months of Inventory

$1.5M

Median Sale Price

110.3%

Median Sale vs List

34 Avg Days on Market

InfoSparks, includes all single-family homes, condos and rnia Area above from December 2023 to December 2024. This data, and may vary from the time the data was gathered. All but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

Condo & Townhomes

60

New Listings

129 Sold Listings

1.8

Months of Inventory

$1M

Median Sale Price 98%

Median Sale vs List

74 Avg Days on Market

SanFranciscoCounty

DECEMBER 2023 - DECEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 4m last December 2023, to $1 5m as of December 2024

Condos & Townhomes

The median sale price has increased from $1 04m last December 2023, to $1 05m as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last December 2023, to 34 days as of December 2024

Condos & Townhomes

The average time spent on the market went down from 76 days in December 2023, to 74 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last December 2023, to 110% a year later

Condos & Townhomes

The overbid percentage has increased from 97.8% last December 2023, to 98% a year later.

e-Family Homes

98 New Listings

228 Sold Listings

0.6 Months of Inventory

$1.7M Median Sale Price

101.3%

Median Sale vs List

34 Avg Days on Market

sourced from InfoSparks, includes all single-family homes, condos and in the California Area above from December 2023 to December 2024. This preliminary data, and may vary from the time the data was gathered. All deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

Condo

35

New Listings

93 Sold Listings

1.2

Months of Inventory

$870K

Median Sale Price

100%

Median Sale vs List

51 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 6m last December 2023, to $1 7m as of December 2024

Condos & Townhomes

The median sale price has increased from $825k last December 2023, to $870k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last December 2023, to 34 days as of December 2024

Condos & Townhomes

The average time spent on the market remained the same from 51 days in December 2023, to 51 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100% last December 2023, to 101 3% a year later

Condos & Townhomes

The overbid percentage has increased from 98.8% last December 2023, to 100% a year later.

SantaC County

What's

in the Sant County data?

There were 342 single-family providing 0.5 months of inve new listings, and 543 homes price of $1.8m. The median o was at 101%, with an average market.

There were 302 condo and to sale, providing 1 month of inv 121 new listings and 262 uni sale price of $1m. The media was at 100%, with an average market

306 New Listings

0.5 Months of Inventory

101% Median Sale vs List

543 Sold Listings

$1.8M Median Sale Price

27 Avg Days on Market

homes, condos and December 2024. This data was gathered. All Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

New Listings

262 Sold Listings

1 Month of Inventory $1M Median Sale Price

Median Sale vs List 36 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 7m last December 2023, to $1 8m as of December 2024

Condos & Townhomes

The median sale price has increased from $880k last December 2023, to $1m as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last December 2023, to 27 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in December 2023, to 36 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 8% last December 2023, to 101% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last December 2023, to 100% a year later.

Solano County

What's in the Solano County data?

There were 498 single-family homes for sale, providing 1.7 months of inventory. There were 195 new listings, and 242 homes sold at a median price of $565k. The median overbid percentage was at 100%, with an average of 51 days on the market.

There were 68 condo and townhome units for sale, providing 2.5 months of inventory. There were 17 new listings and 20 units sold at a median sale price of $422k. The median overbid percentage was at 99.8%, with an average of 60 days on the market

Single-Family Homes

195 New Listings

242 Sold Listings

1.7 Months of Inventory

$565K

Median Sale Price

100%

Median Sale vs List

51 Avg Days on Market

The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from December 2023 to December 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

Condo

17

New Listings

20

Sold Listings

2.5

Months of Inventory

$422K

Median Sale Price 99.8%

Median Sale vs List

60 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $564k last December 2023, to $565k as of December 2024

Condos & Townhomes

The median sale price has increased from $413k last December 2023, to $422k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 51 days last December 2023, to 51 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 48 days in December 2023, to 60 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same from 100% last December 2023, to 100% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last December 2023, to 99.8% a year later.

Sonoma County

What's in the Sonoma data?

There were 484 single-family homes for sale, providing 1.6 months of inventory. There were 91 new listings, and 226 homes sold at a median price of $847k. The median overbid percentage was at 99.9%, with an average of 68 days on the market.

There were 57 condo and townhome units for sale, providing 1.4 months of inventory. There were 15 new listings and 26 units sold at a median sale price of $438k. The median overbid percentage was at 99 9%, with an average of 69 days on the market.

91 New Listings

226 Sold Listings

1.6 Months of Inventory

$847K Median Sale Price

99.9%

Median Sale vs List

68 Avg Days on Market

Condo

15

New Listings

26 Sold Listings

1.4

Months of Inventory

$438K

Median Sale Price 99.9%

Median Sale vs List

69 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $810k last December 2023, to $847k as of December 2024

Condos & Townhomes

The median sale price has increased from $415k last December 2023, to $438k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 62 days last December 2023, to 68 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in December 2023, to 69 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last December 2023, to 99 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last December 2023, to 99.9% a year later.

Southe Centra Marin

What's in the Sout

Marin data?

There were 119 single-family providing 0.8 months of inve new listings, and 119 homes price of $1.5m. The median was at 97.7%, with an averag market.

There were 72 condo and tow sale, providing 1.7 months o were 11 new listings and 41 sale price of $699k. The med percentage was at 100%, wit days on the market.

27 New Listings

0.8 Months of Inventory

97.7%

Median Sale vs List

119 Sold Listings

$1.5M Median Sale Price

56 Avg Days on Market

homes, condos and December 2024. This data was gathered. All Copyright KW Advisors San Francisco | Napa Valley 2025. Each office is independently owned and operated.

Condo

11

New Listings

41 Sold Listings

1.7

Months of Inventory

$699K

Median Sale Price 100%

Median Sale vs List 53 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 57m last December 2023, to $1 55m as of December 2024

Condos & Townhomes

The median sale price has decreased from $780k last December 2023, to $699k as of December 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 52 days last December 2023, to 56 days as of December 2024

Condos & Townhomes

The average time spent on the market went up from 50 days in December 2023, to 53 days as of December 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 2% last December 2023, to 97 7% a year later

Condos & Townhomes

The overbid percentage has increased from 99.8% last December 2023, to 100% a year later.

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