November 2024 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 in today's market?

Icanhelp...

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

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

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

ANENBERG-ESSERT FAMILYADUIN CAMPBELL ProjectSpotlight:

Enhancing Property Value and Family Living Space with an Acton ADU

The Anenberg-Essert family in Campbell collaborated with Acton ADU to create a versatile, comfortable, and valuable addition to their property. This ADU project is a shining example of how a well-designed accessory dwelling unit can increase property value and serve a family’s unique needs.

GoalsandVision

The family envisioned an ADU that would function as an independent living space for family members, enhance their property’s worth, and provide seamless integration with the main home They wanted a space that balanced privacy with connectivity, feeling like a natural extension of their residence

Design and Construction Details

Constructed at 747 square feet, this ADU was designed with modern, high-quality finishes to serve both aesthetic and practical needs. Key features include:

Vaulted Ceilings

Creates a spacious, open atmosphere

Senior-Friendly Living

Safe, independent space for elderly family members

Fully Equipped Kitchen

Modern amenities for everyday convenience

Open Living Area

Multipurpose area for relaxation and entertainment

Results and Impact

The completion of the Anenberg-Essert ADU led to several valuable outcomes:

Increased Property Value

The ADU addition significantly boosted property value

Flexible Living Space

A versatile space for family, guests, or as a rental

Modern Comforts

High-end finishes and amenities enhance both function and style.

Enhanced Family Living

The ADU enriches the AnenbergEssert family’s home with both privacy and connection

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 55 single-family homes for sale, providing 1.4 months of inventory. There were 24 new listings, and 17 homes sold at a median price of $1.6m. The median overbid percentage was at 106.7%, with an average of 12 days on the market.

There were 71 condo and townhome units for sale, providing 1.4 months of inventory. There were 30 new listings and 14 units sold at a median sale price of $1.3m. The median overbid percentage was at 104.7%, with an average of 18 days on the market.

SFH

Single-Family Homes

24 New Listings

17 Sold Listings

1.4 Months of Inventory

$1.6M

Median Sale Price

106.7%

Median Sale vs List

12 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from October 2023 to October 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.

New Listings

1.4

Months of Inventory

104.7%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 5m last October 2023, to $1 6m as of October 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 24 days last October 2023, to 12 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 20 days in October 2023, to 18 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 5% last October 2023, to 106 7% a year later

Condos & Townhomes

The overbid percentage has increased from 101.8% last October 2023, to 104.7% a year later.

Fremont

What's in the Fremont data?

There were 180 single-family homes for sale, providing 0.6 months of inventory. There were 82 new listings, and 77 homes sold at a median price of $1.7m. The median overbid percentage was at 104.3%, with an average of 16 days on the market.

There were 145 condo and townhome units for sale, providing 2.2 months of inventory. There were 52 new listings and 29 units sold at a median sale price of $715k. The median overbid percentage was at 101.6%, with an average of 29 days on the market.

SFH

Single-Family Homes

82 New Listings

77 Sold Listings

0.6 Months of Inventory

$1.7M

Median Sale Price

104.3%

Median Sale vs List

16 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from October 2023 to October 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.

52

New Listings

29 Sold Listings

2.2

Months of Inventory

$715K

Median Sale Price

101.6%

Median Sale vs List

29 Avg Days on Market

OCTOBER 2023 - OCTOBER 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 74m last October 2023, to $1 73m as of October 2024

Condos & Townhomes

The median sale price has decreased from $835k last October 2023, to $715k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last October 2023, to 16 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 17 days in October 2023, to 29 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 9% last October 2023, to 104 3% a year later

Condos & Townhomes

The overbid percentage has increased from 100.4% last October 2023, to 101.6% a year later.

Newark

What's in the New

There were 45 single-family h providing 1.2 months of inve new listings, and 28 homes s of $1.3m. The median overbi 104.9%, with an average of 2

There were 41 condo and tow sale, providing 1.4 months of were 16 new listings and 15 sale price of $850k. The med percentage was at 100.7%, w days on the market.

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

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 4m last October 2023, to $1 3m as of October 2024

Condos & Townhomes

The median sale price has increased from $815k last October 2023, to $850k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last October 2023, to 23 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in October 2023, to 17 days as of October 2024.

Overbids

Single-Family

Homes

The overbid percentage has increased from 102 5% last October 2023, to 104 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.4% last October 2023, to 100.7% a year later.

Union

What's in the Unio

There were 63 single-family h providing 0.6 months of inve new listings, and 27 homes s of $1.5m. The median overbi 102.1%, with an average of 2

There were 37 condo and tow sale, providing 1.7 months of were 17 new listings and 7 u sale price of $665k. The med percentage was at 97.1%, wi days on the market.

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

New Listings

1.7

Months of Inventory $665K Median Sale Price 97.1%

Median Sale vs List 36 Avg Days on Market 7 Sold Listings

nionCity

OCTOBER 2023 - OCTOBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Single-Family Homes

The median sale price has increased from $1 2m last October 2023, to $1 5m as of October 2024

Condos & Townhomes

The median sale price has decreased from $815k last October 2023, to $665k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 20 days last October 2023, to 20 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 39 days in October 2023, to 36 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 6% last October 2023, to 102 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.6% last October 2023, to 97.1% a year later.

Hayward

What's in the Hayward data?

There were 188 single-family homes for sale, providing 1.4 months of inventory. There wer new listings, and 64 homes sold at a median of $956k. The median overbid percentage wa 103.1%, with an average of 18 days on the m

There were 108 condo and townhome units f sale, providing 2.3 months of inventory. Ther were 41 new listings and 31 units sold at a m sale price of $824k. The median overbid percentage was at 99.1%, with an average of days on the market.

41

New Listings

31 Sold Listings

2.3

Months of Inventory

$824K

Median Sale Price 99.1%

Median Sale vs List

38 Avg Days on Market

OCTOBER 2023 - OCTOBER 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 $922k last October 2023, to $956k as of October 2024

Condos & Townhomes

The median sale price has increased from $712k last October 2023, to $824k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 18 days last October 2023, to 18 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 21 days in October 2023, to 38 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 4% last October 2023, to 103 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 100% last October 2023, to 99.1% a year later.

Castro Valley

What's in the Castro Valley data?

There were 82 single-family homes for sale, providing 1.4 months of inventory. There were 27 new listings, and 42 homes sold at a median price of $1.2m. The median overbid percentage was at 104 6%, with an average of 21 days on the market

There were 17 condo and townhome units for sale, providing 3 months of inventory. There were 7 new listings and 3 units sold at a median sale price of $1m. The median overbid percentage was at 98.9%, with an average of 50 days on the market.

SFH

Single-Family Homes

27 New Listings

42 Sold Listings

1.4 Months of Inventory

$1.2M Median Sale Price

104.6%

Median Sale vs List

21 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from October 2023 to October 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.

New Listings

3 Sold Listings

3 Months of Inventory $1M

Median Sale Price 98.9%

Median Sale vs List 50 Avg Days on Market

CastroValley

OCTOBER 2023 - OCTOBER 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 28m last October 2023, to $1 22m as of October 2024

Condos & Townhomes

The median sale price has increased from $1 02m last October 2023, to $1 03m as of October 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 8 days in October 2023, to 50 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 4% last October 2023, to 104 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.5% last October 2023, to 98.9% a year later.

San Leandro

What's in the San Leandro data?

There were 119 single-family homes for sale, providing 1.6 months of inventory. There were 58 new listings, and 38 homes sold at a median price of $871k. The median overbid percentage was at 103 2%, with an average of 27 days on the market

There were 35 condo and townhome units for sale, providing 3.3 months of inventory. There were 9 new listings and 6 units sold at a median sale price of $502k. The median overbid percentage was at 97.6%, with an average of 63 days on the market.

SFH

Single-Family Homes

58 New Listings

38 Sold Listings

1.6 Months of Inventory

$871K Median Sale Price

103.2%

Median Sale vs List

27 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from October 2023 to October 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.

New Listings

3.3

Months of Inventory

$502K

Median Sale Price 97.6%

Median Sale vs List 63 Avg Days on Market 6 Sold Listings

SanLeandro

OCTOBER 2023 - OCTOBER 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 $850k last October 2023, to $871k as of October 2024

Condos & Townhomes

The median sale price has decreased from $560k last October 2023, to $502k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last October 2023, to 27 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 22 days in October 2023, to 63 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 3% last October 2023, to 103 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.2% last October 2023, to 97.6% a year later.

Tri-Cities

What's in the Tri-Cities data?

There were 288 single-family homes for sale, providing 0 7 months of inventory There were 135 new listings, and 132 homes sold at a median price of $1.5m. The median overbid percentage was at 104%, with an average of 18 days on the market.

There were 223 condo and townhome units for sale, providing 1.9 months of inventory. There were 85 new listings and 51 units sold at a median sale price of $715k. The median overbid percentage was at 100.8%, with an average of 27 days on the market.

SFH

Single-Family Homes

135 New Listings

132 Sold Listings

0.7 Months of Inventory

$1.5M

Median Sale Price

104%

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 October 2023 to October 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.

85

New Listings

51

Sold Listings

1.9

Months of Inventory

100.8%

Median Sale vs List

$715K

Median Sale Price

27

Avg Days on Market

OCTOBER 2023 - OCTOBER 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 decreased from $1 6m last October 2023, to $1 5m as of October 2024

Condos & Townhomes

The median sale price has decreased from $818k last October 2023, to $715k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 15 days last October 2023, to 18 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 20 days in October 2023, to 27 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 7% last October 2023, to 104% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last October 2023, to 100.8% a year later.

Pleasan

What's in the Plea

There were 108 single-family providing 1.3 months of inve new listings, and 46 homes s of $1.7m. The median overbi 97.7%, with an average of 29

There were 33 condo and tow sale, providing 1.4 months of were 14 new listings and 16 sale price of $860k. The med percentage was at 98.9%, wi days on the market.

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

14

New Listings

16 Sold Listings

1.4

Months of Inventory $860K Median Sale Price 98.9%

Median Sale vs List 26 Avg Days on Market

Pleasanton

OCTOBER 2023 - OCTOBER 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 73m last October 2023, to $1 71m as of October 2024

Condos & Townhomes

The median sale price has increased from $700k last October 2023, to $860k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 12 days last October 2023, to 29 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 27 days in October 2023, to 26 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 6% last October 2023, to 97 7% a year later

Condos & Townhomes

The overbid percentage has increased from 98.6% last October 2023, to 98.9% a year later.

San

What's in t

There were 86 s providing 1.3 mo new listings, and of $1.8m. The m 100.5%, with an

There were 76 c sale, providing 2 were 26 new list sale price of $80 percentage was days on the mar

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 83m last October 2023, to $1 81m as of October 2024

Condos & Townhomes

The median sale price has decreased from $960k last October 2023, to $802k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last October 2023, to 23 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 16 days in October 2023, to 30 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 4% last October 2023, to 100 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.2% last October 2023, to 97.3% a year later.

Liverm

What's in the Liver

There were 143 single-family providing 0.9 months of inve new listings, and 69 homes s of $1.2m. The median overbi 101.4%, with an average of 1

There were 51 condo and tow sale, providing 2.8 months of were 21 new listings and 16 sale price of $745k. The med percentage was at 97.6%, wi days on the market.

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

New Listings

2.8

Months of Inventory

97.6%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last October 2023, to $1 25m as of October 2024

Condos & Townhomes

The median sale price has decreased from $825k last October 2023, to $745k as of October 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 12 days in October 2023, to 15 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 3% last October 2023, to 101 4% a year later

Condos

& Townhomes

The overbid percentage has decreased from 102.5% last October 2023, to 97.6% a year later.

Cupert

What's in the Cupe

There were 57 single-family h providing 1.6 months of inve new listings, and 18 homes s of $3.3m. The median overbi 105%, with an average of 23

There were 29 condo and tow sale, providing 0.5 months of were 11 new listings and 7 u sale price of $1.1m. The med percentage was at 99%, with days on the market.

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

New Listings 0.5

Months of Inventory 99%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has remained the same from $1 1m last October 2023, to $1 1m as of October 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 7 days in October 2023, to 27 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 8% last October 2023, to 105% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.4% last October 2023, to 99% a year later.

Oakland

What's in the Oakland data?

There were 885 single-family homes for sale, providing 2.3 months of inventory. There were 272 new listings, and 205 homes sold at a median price of $900k. The median overbid percentage was at 109.6%, with an average of 35 days on the market.

There were 343 condo and townhome units for sale, providing 5 4 months of inventory There were 82 new listings and 45 units sold at a median sale price of $550k. The median overbid percentage was at 98.6%, with an average of 61 days on the market.

New Listings

Months of Inventory 98.6%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1m last October 2023, to $900k as of October 2024

Condos & Townhomes

The median sale price has increased from $503k last October 2023, to $550k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 29 days last October 2023, to 35 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 48 days in October 2023, to 61 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 111 3% last October 2023, to 109 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.6% last October 2023, to 98.6% a year later.

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