Market report for Fremont area May 2023

Page 1

May 2023 Copyright by KW Advisors 2023

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

What’syourhome reallyworthintoday’s market?

That's really 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. At the end of the day, 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.

HowHomeownersWinWhen TheyDownsize

Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:

“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”

And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.

Milpitas

What's in the Milpitas data?

In April, Milpitas had a total of 45 homes for sale, providing the market with only 1.7 months of inventory. There are 23 new listings and a total of 20 homes sold, with a median sale price of $1.4m. The median overbid was 102.4%, with an average of 11 days on the market.

There are currently 36 condo and townhome units for sale, providing the market with 3 4 months of inventory. There are 16 new listings this month and a total of 13 condos sold, with a median sale price of $976k. The median overbid was 103.9%, with an average of 21 days on the market.

SFH Single-Family Homes

23 New Listings

20 Sold Listings

1.7 Months of Inventory

$1.4M Median Sale Price

102.4% Median Sale vs List

11 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on May 3rd. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

CONDO

Condo & Townhomes

16 New Listings

13 Sold Listings

3.4 Months of Inventory

$976K Median Sale Price

103.9% Median Sale vs List

21 Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 100 75 50 25 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 150 100 50 0 Milpitas
2022 - APRIL 2023
APRIL
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m in April 2022, to $1 4m as of April 2023

Condos

The median sales price has decreased from $1.2m in April 2022, to $976k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 117 7% in April 2022, to 102 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 114.4% in April 2022, to 103.9% a year later.

Single-Family

The average time spent on the market increased from 10 days in April 2022, to 11 days as of April 2023

Condos

The average time spent on the market increased from 8 days in April 2022, to 21 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 60 40 20 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
& Townhomes
Homes
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y

Homes

% t

48 Sold Listings

$1.4M Median Sale Price

13 Avg Days on Market

single-family homes, townhome, and condominium sales in Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Castro Valley sourced from Broker Metrics on May 3rd. Data may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

ily

40

New
Months of Inventory
Median Sale Price
Median Sale vs List
Avg Days on Market
Sold
Condo & Townhomes
Listings 1.2
$702K
101.1%
29
32
Listings CONDO

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 8m in April 2022, to $1 4m as of April 2023

Condos

The median sales price has decreased from $940k in April 2022, to $702k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 2% in April 2022, to 104 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 111.1% in April 2022, to 101.1% a year later.

Single-Family

The average time spent on the market increased from 9 days in April 2022, to 13 days in April 2023

Condos

The average time spent on the market increased from 11 days in April 2022, to 29 days in April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 50 40 30 20 10 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
&
AVGDays OntheMarket
& Townhomes
Homes
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Newark

What's in the Newark data?

In April, Newark had a total of 45 single-family homes for sale, providing the market with 0.9 months of inventory. There are 28 new listings and a total of 22 homes sold, with a median sale price of $1.2m. The median overbid was 104.7% with an average of 10 days on the market.

There are currently a total of 8 condo and townhome units for sale, providing the market with 0.6 months of inventory. There are 5 new listings for sale and a total of 4 condos sold, with a median sale price of $639k. The median overbid was 102.6%, with an average of 11 days on the market.

FH le-Family Homes

tings

9 of Inventory

22 Sold Listings

$1.2M Median Sale Price

4.7% Sale vs List

10 Avg Days on Market

includes all single-family homes, townhome, and condominium sales in mont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San rmore, and Castro Valley sourced from Broker Metrics on May 3rd. Data ources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

ctober2022November2022December2022January2023February2023 March2023 April2023 October2022November2022December2022January2023February2023 March2023 April2023 ear. ear SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 4m in April 2022, to $1 2m as of April 2023

Condos &

The median sales price has decreased from $975k in April 2022, to $639k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 5% in April 2022, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 114.8% in April 2022, to 102.6% a year later.

Single-Family

The average time spent on the market decreased from 15 days in April 2022, to 10 days as of April 2023

Condos

The average time spent on the market decreased from 9 days in April 2022, to 11 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 60 40 20 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
AVGDays OntheMarket
& Townhomes
Homes
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Un

What' In April, U providing inventory homes s

The med of 8 days

There are for sale, inventory condos s The med of 11 day

12 New Listings

6 Sold Listings

0.8 Months of Inventory

$702K Median Sale Price

103.8% Median Sale vs List

11 Avg Days on Market

CONDO Condo & Townhomes

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 5m in April 2022, to $1 2m as of April 2023

Condos

The median sales price has decreased from $846K in April 2022, to $702K as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 116% in April 2022, to 104 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 112.1% in April 2022, to 103.8% a year later.

The average time spent on the market decreased from 14 days in April 2022, to 8 days as of April 2023

Condos

The average time spent on the market decreased from 21 days in April 2022, to 11 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75 50 25 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
& Townhomes
Single-Family Homes
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Ha

What's i

In April, Hayw providing on 67 new listin sale price of 103.1%. The was 19 days There are cu for sale with new listings sale price of 100.2%. The currently 23

C Condo

32 New Listings

1.2 Months of Inventory

100.2% Median Sale vs List

Last

Last 12 months,

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 400 300 200 100 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 150 100 50 0 Hayward APRIL 2022 - APRIL 2023 Single-Family Homes
12
year-over-year.
& Townhomes
months,
Condos
LISTINGS FOR SALE SOLD LISTINGS
year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1m in April 2022, to $835k as of April 2023

Condos &

The median sales price has decreased from $702k in April 2022, to $635k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 6% last April 2022, to 103 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 110.4% last April 2022, to 100.2% a year later.

Single-Family

The average time spent on the market increased from 13 days in April 2022, to 19 days as of April 2023

Condos

The average time spent on the market increased from 15 days in April 2022, to 23 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75 50 25 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
AVGDays OntheMarket
& Townhomes
Homes
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CONDO

Condo & Townhomes

4 New Listings

2 Sold Listings

0.7 Months of Inventory

$812K Median Sale Price

106.6% Median Sale vs List

44 Avg Days on Market

APRIL 2022 - APRIL 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 200 150 100 50 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 30 20 10 0 CastroValley
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 4m in April 2022, to $1 2m as of April 2023

Condos

The median sales price has increased from $794k in April 2022, to $812k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 117 6% in April 2022, to 102 9% a year later

Condos & Townhomes

The overbid percentage has increased from 106.1% in April 2022, to 106.6% a year later.

Single-Family

The average time spent on the market increased from 9 days in April 2022, to 22 days as of April 2023

Condos

The average time spent on the market increased from 16 days in April 2022, to 44 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125 100 75 50 25 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
&
AVGDays OntheMarket
Townhomes
&
Homes
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CONDO

Condo & Townhomes

16 New Listings

7 Sold Listings

1.6 Months of Inventory

$440K Median Sale Price

101.7% Median Sale vs List

23 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1m in April 2022, to $834k as of April 2023

Condos &

The median sales price has decreased from $627k in April 2022, to $440k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 118 6% in April 2022, to 102 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.1% in April 2022, to 101.7% a year later.

Single-Family

The average time spent on the market increased from 9 days in April 2022, to 25 days as of April 2023

Condos

The average time spent on the market increased from 13 days in April 2022, to 23 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 60 40 20 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
AVGDays OntheMarket
& Townhomes
Homes
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Tri-Cities

Fremont,Newark&UnionCity

What's in the Tri-Cities data?

In April, the Tri-Cities area had 212 homes for sale, providing 0 7 months of inventory There are 135 new listings and 90 homes sold; with a median sale price of $1.3m, and a median overbid of 104.7%. The average time spent on the market for homes is currently 11 days.

There are currently 129 condo and townhome units for sale with 1.1 months of inventory. There are 57 new listings and 42 condos sold during that month; with a median sale price of $690k, and a median overbid of 101.6%. The average time spent on the market is currently 25 days.

SFH Single-Family Homes

135 New Listings

90 Sold Listings

0.7 Months of Inventory

$1.3M Median Sale Price

104.7% Median Sale vs List

11 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on May 3rd. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

57 New Listings

42 Sold Listings

1.1 Months of Inventory

$690K Median Sale Price

101.6% Median Sale vs List

25 Avg Days on Market

&
CONDO Condo
Townhomes

Last 12 months,

Condos

Last 12 months, year-over-year

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 750 500 250 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 400 300 200 100 0 Tri-Cities APRIL 2022 - APRIL 2023
Homes
Single-Family
year-over-year.
& Townhomes
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

The median sales price has decreased from $1 7m in April 2022, to $1 3m as of April 2023

Condos

The median sales price has decreased from $933k in April 2022, to $690k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 4% in April 2022, to 104 7% a year later

Condos

The overbid percentage has decreased from 111.9% in April 2022, to 101.6% a year later.

Single-Family

The average remained at 11 days from April 2022 to April 2023

The average time spent on the market increased from 12 days in April 2022, to 25 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 50 40 30 20 10 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
& Townhomes
Single-Family Homes
& Townhomes
AVGDays OntheMarket Condos
Homes
& Townhomes
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CONDO

Condo & Townhomes

14 New Listings

7 Sold Listings

0.6 Months of Inventory

$715K Median Sale Price

103.3% Median Sale vs List

28 Avg Days on Market

, y y

Median SalesPrice

The median sales price has decreased from $2m in April 2022, to $1 7m as of April 2023

The median sales price has decreased from $850k in April 2022, to $715k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 4% in April 2022, to 102 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 107.5% in April 2022, to 103.3% a year later.

Single-Family

The average time spent on the market increased from 9 days in April 2022, to 13 days as of April 2023

Condos

The average time spent on the market increased from 7 days in April 2022, to 28 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 50 40 30 20 10 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
Condos &
Single-Family Homes
AVGDays OntheMarket
& Townhomes
Homes
Back to Table of Contents

SanR

What's in the S San Ramon had 68 sin providing the market w

There are 42 new listin sold with a median sa median overbid was 1 days on the market.

There are currently 31 for sale, providing the inventory. There are 16 15 condos were sold w $813k. The median ov average time on the m

s

5 Listings

1.7M n Sale Price

8 ays on Market

wnhome, and condominium sales in Leandro, Tri-Cities, Pleasanton, San Broker Metrics on May 3rd. Data be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

16 New Listings

15 Sold Listings

1.2 Months of Inventory

$920K Median Sale Price

101.7% Median Sale vs List

10 Avg Days on Market

CONDO Condo & Townhomes

Last

Last 12 months,

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 250 200 150 100 50 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 125 100 75 50 25 0 SanRamon APRIL 2022 - APRIL 2023 Single-Family Homes
12
year-over-year.
& Townhomes
months,
Condos
year-over-year LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family

The median sales price has decreased from $2m in April 2022, to $1 7m as of April 2023

The median sales price has increased from $837k in April 2022, to $920k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 5% in April 2022, to 102 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 110.1% in April 2022, to 101.7% a year later.

Single-Family

The average time spent on the market increased from 7 days last April 2022, to 18 days as of April 2023

The average time spent on the market decreased from 7 days in April 2022, to 10 days as of April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 75 50 25 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
Townhomes
Condos &
Homes
& Townhomes
AVGDays OntheMarket Condos
Homes
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Liv

What's Livermore for sale, p are 64 ne median s of 102.4% is current

As for con

19 units f There are median s median o spent on

Mcondominium sales in Pleasanton, San May 3rd. Data © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

et

9 New Listings

17 Sold Listings

0.5 Months of Inventory

10 Avg Days on Market

$690K Median Sale Price
102.1% Median Sale vs List
Condo & Townhomes
CONDO

Last 12 months, year-over-year.

Last 12 months, year-over-year

April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 400 300 200 100 0 April2022 May2022 June2022 July2022August2022September2022October2022November2022December2022January2023February2023 March2023 April2023 80 60 40 20 0 Livermore APRIL 2022 - APRIL 2023
Single-Family Homes
Condos & Townhomes
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 3m in April 2022, to $1 2m as of April 2023

Condos

The median sales price has decreased from $894k in April 2022, to $690k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 113 7% in April 2022, to 102 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 108.1% in April 2022, to 102.1% a year later.

Single-Family Homes

The average time spent on the market increased from 8 days in April 2022, to 15 days as of April 2023

Condos

The average remained at 10 days from April 2022 to April 2023

April2022May2022June2022July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 $1,500,000 $1,000,000 $500,000 $0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 60 40 20 0 April2022May2022June2022 July2022August2022September2022October2022November2022December2022January2023February2023March2023April2023 125% 100% 75% 50% 25% 0%
& Townhomes
AVGDays OntheMarket
& Townhomes
Back to Table of Contents
KellerWilliamsFremont :
39465 Paseo Padre Parkway #1500 Fremont CA 94538

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