Jaideep Singh - August 2024 Market Report | Fremont

Page 1


Fremont area

Milpitas

Jump to Milpitas Report

Fremont

Jump to Fremont City Report

Newark

Jump to Newark Report

Union City

Jump to Union City Report

Hayward

Jump to Hayward Report

Castro Valley

Jump to Castro Valley Report

San Leandro

Jump to San Leandro Report

Tri-Cities

(Fremont, Newark & Union City)

Jump to Tri-Cities Report

Pleasanton

Jump to Pleasanton Report

San Ramon

Jump to San Ramon Report

Livermore

Jump to Livermore Report

Cupertino

Jump to Cupertino Report

Oakland

Jump to Oakland Report

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 today's market?

Icanhelp

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

WhatEveryHomeownerShould KnowAboutTheirEquity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

UNLOCK YOUR DREAM HOME IN

A HIGH-RATE

MARKET

Rising interest rates have many homebuyers worried about affordability, forcing some to delay their dreams of homeownership.

Lower

PROTECT

WHAT YOU DON’T EXPECT

You can’t always see a breakdown coming, but you can plan for it with American Home Shield. Our home service plans help fix or replace covered home systems and appliances, and help you stay on budget. Protect what you don’t expect.

CLICK HERE TO WATCH THE VIDEO

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Sage Green

View it here

Eight Colrs fo Laundry

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore. Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection.

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper.

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere

Navy as the key to a striking laundry room. Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

WITH UNLOCKING YOUR PROPERTY’S POTENTIAL

Thinking about boosting your property value and adapting to changing family needs? An Accessory Dwelling Unit (ADU) might be your answer. A recent success story, from the Willow Glen neighborhood in San Jose, shows just how impactful the right ADU can be

Project Overview

In early 2021, a homeowner in Willow Glen partnered with Acton ADU to enhance their property value and create a flexible living space for their parents. Initially, the home was appraised at $1,450,000. The goal was to boost property value and meet their family’s housing needs.

Construction and Results

Construction of the 748-square-foot ADU began in August 2021 with a cost of $487,130 and was completed by December 2021. The new appraisal, by an appraiser affiliated with US Bank, revealed the property’s value had already jumped to an impressive $2,050,000.

Potential for Gains

After the project, the total investment was $1,937,130 and their property value increased by $112,870, resulting in a 5.8% ROI. This highlights the potential value an ADU can bring, while providing close, safe living space for their elderly parents.

Learn More and Connect with an Expert

Curious about how an ADU could enhance your property? Contact your real estate agent today and get expert guidance on understanding the benefits an ADU may bring to your family and property’s value

Reach out today

LEARN MORE

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.

Milpitas

What's in the Milpitas data?

There were 54 single-family homes for sale, providing 1.3 months of inventory. There were 27 new listings, and 21 homes sold at a median price of $1.5m. The median overbid percentage was at 107%, with an average of 10 days on the market.

There were 68 condo and townhome units for sale, providing 1.5 months of inventory. There were 30 new listings and 20 units sold at a median sale price of $1.2m. The median overbid percentage was at 104.2%, with an average of 24 days on the market.

SFH

Single-Family Homes

27 New Listings

21 Sold Listings

1.3 Months of Inventory

$1.5M

Median Sale Price

106.5%

Median Sale vs List

10 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 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# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo

30 New Listings

1.5

Months of Inventory

104.2%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $1m last July 2023, to $1 2m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 20 days last July 2023, to 10 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 23 days in July 2023, to 24 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 5% last July 2023, to 107% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.6% last July 2023, to 104.2% a year later.

Fremont

What's in the Fremont data?

There were 166 single-family homes for sale, providing 1.4 months of inventory. There were 94 new listings, and 88 homes sold at a median price of $1.8m. The median overbid percentage was at 106.2%, with an average of 14 days on the market.

There were 146 condo and townhome units for sale, providing 1.9 months of inventory. There were 62 new listings and 44 units sold at a median sale price of $880k. The median overbid percentage was at 100.7%, with an average of 24 days on the market.

SFH

Single-Family Homes

94 New Listings

88 Sold Listings

1.4 Months of Inventory

$1.8M Median Sale Price

106.2%

Median Sale vs List

14 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 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# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo & Townhomes

62

New Listings

44 Sold Listings

1.9

Months of Inventory

$880K

Median Sale Price

100.7%

Median Sale vs List

24 Avg Days on Market

JULY 2023 - JULY 2024

LISTINGS FOR SALE

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 increased from $1 6m last July 2023, to $1 8m as of July 2024

Condos & Townhomes

The median sale price has increased from $795k last July 2023, to $880k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 15 days last July 2023, to 14 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 20 days in July 2023, to 24 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 4% last July 2023, to 106 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.2% last July 2023, to 100.7% a year later.

Newark

What's in the New

There were 58 single-family h providing 1.3 months of inve new listings, and 24 homes s of $1.3m. The median overbi 105.7%, with an average of 1

There were 27 condo and tow sale, providing 1.3 months of were 17 new listings and 6 u sale price of $1.1m. The med percentage was at 101.3%, w days on the market.

34 New Listings

1.3 Months of Inventory

105.7% Median Sale vs List

24 Sold Listings

$1.3M Median Sale Price

16 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

17

New Listings

6

Sold Listings

1.3

Months of Inventory

$1.1M

Median Sale Price

101.3%

Median Sale vs List

15 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last July 2023, to $1 3m as of July 2024

Condos & Townhomes

The median sale price has increased from $775k last July 2023, to $1 1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last July 2023, to 16 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 9 days in July 2023, to 15 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 3% last July 2023, to 105 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.4% last July 2023, to 101.3% a year later.

Union

What's in the Unio

There were 66 single-family h providing 1.6 months of inve new listings, and 21 homes s of $1.5m. The median overbi 108.4%, with an average of 1

There were 25 condo and tow sale, providing 1.6 months of were 5 new listings and 6 un sale price of $642k. The med percentage was at 100.7%, w days on the market.

36 New Listings

1.6 Months of Inventory

108.4% Median Sale vs List

21 Sold Listings

$1.5M Median Sale Price

14 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

Condo & Townhomes

5

New Listings

6 Sold Listings

1.6

Months of Inventory

$642K

Median Sale Price

100.7%

Median Sale vs List

47 Avg Days on Market

nionCity

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $720k last July 2023, to $642k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 14 days last July 2023, to 14 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in July 2023, to 47 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 7% last July 2023, to 108 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.7% last July 2023, to 100.7% a year later.

Hayward

What's in the Hayward data?

There were 167 single-family homes for sale, providing 1.2 months of inventory. There wer new listings, and 63 homes sold at a median of $980k. The median overbid percentage wa 104.6%, with an average of 21 days on the m

There were 103 condo and townhome units f sale, providing 2.1 months of inventory. Ther were 41 new listings and 21 units sold at a m sale price of $680k. The median overbid percentage was at 100.4%, with an average o days on the market.

74 New Listings

63 Sold Listings

1.2 Months of Inventory

$980K Median Sale Price

104.6%

Median Sale vs List

21 Avg Days on Market

Listings

Listings

JULY 2023 - JULY 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 increased from $920k last July 2023, to $980k as of July 2024

Condos & Townhomes

The median sale price has remained the same from $680k last July 2023, to $680k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last July 2023, to 21 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 28 days in July 2023, to 33 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104 5% last July 2023, to 104 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.8% last July 2023, to 100.4% a year later.

Castro Valley

What's in the Castro Valley data?

There were 76 single-family homes for sale, providing 1.3 months of inventory. There were 33 new listings, and 33 homes sold at a median price of $1.1m. The median overbid percentage was at 100 9%, with an average of 19 days on the market

There were 15 condo and townhome units for sale, providing 3.3 months of inventory. There were 8 new listings and 1 unit sold at a median sale price of $538k. The median overbid percentage was at 98.2%, with an average of 21 days on the market.

SFH

Single-Family Homes

33 New Listings

33 Sold Listings

1.3 Months of Inventory

$1.1M Median Sale Price

100.9%

Median Sale vs List

19 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 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# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo & Townhomes

8

New Listings

1 Sold Listing

3.3

Months of Inventory

$538K

Median Sale Price 98.2%

Median Sale vs List

21 Avg Days on Market

CastroValley

JULY 2023 - JULY 2024

LISTINGS FOR SALE SOLD LISTINGS

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 $1 2m last July 2023, to $1 1m as of July 2024

Condos & Townhomes

The median sale price has decreased from $1 1m last July 2023, to $538k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last July 2023, to 19 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 28 days in July 2023, to 21 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 7% last July 2023, to 100 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.5% last July 2023, to 98.2% a year later.

San Leandro

What's in the San Leandro data?

There were 129 single-family homes for sale, providing 1.1 months of inventory. There were 70 new listings, and 55 homes sold at a median price of $900k. The median overbid percentage was at 106 3%, with an average of 18 days on the market

There were 33 condo and townhome units for sale, providing 2.9 months of inventory. There were 12 new listings and 10 units sold at a median sale price of $557k. The median overbid percentage was at 98.3%, with an average of 32 days on the market.

SFH

Single-Family Homes

70 New Listings

55 Sold Listings

1.1 Months of Inventory

$900K Median Sale Price

106.3%

Median Sale vs List

18 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 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# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo & Townhomes

12

New Listings

10 Sold Listings

2.9

Months of Inventory

$557K

Median Sale Price 98.3%

Median Sale vs List

32 Avg Days on Market

SanLeandro

JULY 2023 - JULY 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 increased from $840k last July 2023, to $900k as of July 2024

Condos & Townhomes

The median sale price has decreased from $587k last July 2023, to $557k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 19 days last July 2023, to 18 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in July 2023, to 32 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 2% last July 2023, to 106 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.7% last July 2023, to 98.3% a year later.

Tri-Cities

What's in the Tri-Cities data?

There were 290 single-family homes for sale, providing 1 4 months of inventory There were 164 new listings, and 133 homes sold at a median price of $1.6m. The median overbid percentage was at 106.4%, with an average of 15 days on the market.

There were 198 condo and townhome units for sale, providing 1.7 months of inventory. There were 84 new listings and 56 units sold at a median sale price of $857k. The median overbid percentage was at 100.8%, with an average of 25 days on the market.

SFH

Single-Family Homes

164 New Listings

133 Sold Listings

1.4 Months of Inventory

$1.6M Median Sale Price

106.4%

Median Sale vs List

15 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 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# 01345026. Copyright KW Advisors Fremont 2024. Each office is independently owned and operated.

Condo

& Townhomes

84

New Listings

56 Sold Listings

1.7

Months of Inventory

$857K

Median Sale Price

100.8%

Median Sale vs List

25 Avg Days on Market

JULY 2023 - JULY 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 4m last July 2023, to $1 6m as of July 2024

Condos & Townhomes

The median sale price has increased from $777k last July 2023, to $857k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 14 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 17 days in July 2023, to 25 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 1% last July 2023, to 106 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.7% last July 2023, to 100.8% a year later.

Pleasan

What's in the Plea

There were 134 single-family providing 1.5 months of inve new listings, and 53 homes s of $1.7m. The median overbi 99.4%, with an average of 17

There were 31 condo and tow sale, providing 2.1 months of were 13 new listings and 8 u sale price of $707k. The med percentage was at 102.4%, w days on the market.

57 New Listings

1.5 Months of Inventory

99.4% Median Sale vs List

53 Sold Listings

$1.7M Median Sale Price

17 Avg Days on Market

homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

Condo & Townhomes

13

New Listings

8

Sold Listings

2.1

Months of Inventory

$707K

Median Sale Price

102.4%

Median Sale vs List

24 Avg Days on Market

Pleasanton

JULY 2023 - JULY 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 $1 8m last July 2023, to $1 7m as of July 2024

Condos & Townhomes

The median sale price has decreased from $757k last July 2023, to $707k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last July 2023, to 17 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in July 2023, to 24 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 1% last July 2023, to 99 4% a year later

Condos & Townhomes

The overbid percentage has increased from 101.9% last July 2023, to 102.4% a year later.

San

What's in t

There were 114 providing 1.2 mo new listings, and of $1.9m. The m 101.5%, with an

There were 81 c sale, providing 3 were 42 new list sale price of $1. percentage was days on the mar

58 New Listings

48 Sold Listings

1.2 Months of Inventory

$1.9M Median Sale Price

101.5% Median Sale vs List

19 Avg Days on Market

42

New Listings

17

Sold Listings

3.1

Months of Inventory

$1.1M

Median Sale Price

100.4%

Median Sale vs List

18 Avg Days on Market

Jul2024
Jul2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last July 2023, to $1 9m as of July 2024

Condos & Townhomes

The median sale price has increased from $675k last July 2023, to $1 1m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 10 days last July 2023, to 19 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 15 days in July 2023, to 18 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 101 1% last July 2023, to 101 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.1% last July 2023, to 100.4% a year later.

Liverm

What's in the Liver

There were 160 single-family providing 1.2 months of inve new listings, and 77 homes s of $1.3m. The median overbi 101.2%, with an average of 2

There were 44 condo and tow sale, providing 1.9 months of were 17 new listings and 17 sale price of $818k. The med percentage was at 99.3%, wi days on the market.

82 New Listings

1.2 Months of Inventory

101.2%

Median Sale vs List

77 Sold Listings

$1.3M Median Sale Price

23 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

Condo

17

New Listings

17

Sold Listings

1.9

Months of Inventory

$818K

Median Sale Price 99.3%

Median Sale vs List

25 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 1m last July 2023, to $1 3m as of July 2024

Condos & Townhomes

The median sale price has decreased from $846k last July 2023, to $818k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 11 days last July 2023, to 23 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 17 days in July 2023, to 25 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 4% last July 2023, to 101 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.1% last July 2023, to 99.3% a year later.

Cupert

What's in the Cupe

There were 69 single-family h providing 1.4 months of inve new listings, and 25 homes s of $3.5m. The median overbi 101.2%, with an average of 1

There were 35 condo and tow sale, providing 0.9 months of were 12 new listings and 11 sale price of $1.3m. The med percentage was at 100.7%, w days on the market.

31 New Listings

1.4 Months of Inventory

101.2% Median Sale vs List

25 Sold Listings

$3.5M Median Sale Price

14 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Fremont 2024.

Cond

12

New Listings

11

Sold Listings

0.9

Months of Inventory $1.3M

100.7%

Median Sale Price

Median Sale vs List 26 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3m last July 2023, to $3 5m as of July 2024

Condos & Townhomes

The median sale price has increased from $1 1m last July 2023, to $1 3m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 10 days last July 2023, to 14 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 11 days in July 2023, to 26 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 5% last July 2023, to 101 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.3% last July 2023, to 100.7% a year later.

Oakland

What's in the Oakland data?

There were 836 single-family homes for sale, providing 2.3 months of inventory. There were 305 new listings, and 189 homes sold at a median price of $957k. The median overbid percentage was at 108.3%, with an average of 33 days on the market.

There were 317 condo and townhome units for sale, providing 4 4 months of inventory There were 78 new listings and 39 units sold at a median sale price of $544k. The median overbid percentage was at 100.3%, with an average of 60 days on the market.

305 New Listings

189 Sold Listings

2.3 Months of Inventory

$957K Median Sale Price

108.3%

Median Sale vs List

33 Avg Days on Market

Condo

78

New Listings

39 Sold Listings

4.4

Months of Inventory

$544K

Median Sale Price

100.3%

Median Sale vs List

60 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $968k last July 2023, to $957k as of July 2024

Condos & Townhomes

The median sale price has decreased from $612k last July 2023, to $544k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 26 days last July 2023, to 33 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 38 days in July 2023, to 60 days as of July 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 110 5% last July 2023, to 108 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.9% last July 2023, to 100.3% a year later.

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