MarketReport Market Report for the Fremont area October 2022 Copyright by KW Advisors 2022
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Newark & Union City)
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What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse and changes rapidly
Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market 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.
TwoQuestionsEvery HomebuyerShouldAsk ThemselvesRightNow
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people, who want to purchase a home, priced out of the market, and others wondering if now is the right time to buy. But this rise in borrowing cost shows no signs of letting up soon.
Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise George Ratiu, Senior Economist and Manager of Economic Research at realtor com, says this:
“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months ”
So, is now the right time to buy a home? Anyone thinking about buying a home today should ask these two questions.
Milpitas
What's in the Milpitas data?
In Milpitas, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold decreased to 22, and the number of new listings increased to 57. The number of condo & townhome sales decreased to $1.1 million monthover-month with 16 units sold and 47 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
57 New Listings 2.2 Months of Inventory $1.2M Median Sale Price 98.6% Median Sale vs List 22 22 Sold Listings SFH Single Family Homes Avg Days on Market The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
47 New Listings 3.2 Months of Inventory $1.1M Median Sale Price 97.3% Median Sale vs List 24 Avg Days on Market 16 Sold Listings CONDO Condo & Townhomes
022 March2022 April2022 May2022 June2022 July2022August2022September2022 22 March2022 April2022 May2022 June2022 July2022August2022September2022 VS SOLD LISTINGS SEPTEMBER 2021 - SEPTEMBER 2022 year. year
Median SalesPrice
Single Family Homes
The median sales price has decreased from $1 3m last year's September to $1 2m this year
Condos & Townhomes
The median sales price has increased from $1m last September 2021 to $1 1m by September 2022
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 15 days of the same month last year, to 22 days this year.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022
August2022September2022
The average days on market has gone up from last year's September with 15 days, to 24 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 106.3% last year's September, to 98.6% this year.
Condos & Townhomes
The overbid percentage decreased from 103 9% of September 2021, to 97 3% a year later
January2022February2022March2022April2022May2022June2022 July2022August2022September2022
September2021
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
July2022
40 30 20 10 0 September2021October2021November2021December2021
125% 100% 75% 50% 25% 0%
Fremont
What's in the Fremont data?
In Fremont, the median sold price for single-family homes in September slightly increased month-over-month to $1.5 million. The number of homes sold decreased to 97 and the number of new listings increased to 253. The number of condo & townhome sales slightly decreased month-overmonth to $800 thousand with 50 units sold and 171 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
253 New Listings 0.6 Months of Inventory $1.5M Median Sale Price 97.9% Median Sale vs List 28 97 Sold Listings SFH Single Family Homes The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026. Avg Days on Market
171 New Listings 2.2 Months of Inventory $800K Median Sale Price 99.6% Median Sale vs List 21 Avg Days on Market 50 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Condos & Townhomes
September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 500 400 300 200 100 0 September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 300 200 100 0 Fremont SEPTEMBER 2021 - SEPTEMBER 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price slightly increased from $1 4m last year's September to $1 5m this year
Condos & Townhomes
The median sales price has increased from $794k last September to $800k by September 2022.
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 12 days of the same month last year, to 28 days this year.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022
August2022September2022
The average days on market has gone up from last year's September with 20 days, to 21 days this year
Overbids
Single Family Homes
The overbid percentage has decreased from 108.2% last year's September, to 97.9% this year.
Condos & Townhomes
The overbid percentage has decreased from 102 2% of September 2021, to 99 6% a year later
January2022February2022March2022April2022May2022June2022 July2022August2022September2022
September2021
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
July2022
30 20 10 0 September2021October2021November2021December2021
125% 100% 75% 50% 25% 0%
Newark
What's in the Newark data?
In Newark, the median sold price for single-family homes in September increased month-over-month to $1.2 million. The number of homes sold decreased to 31 and the number of new listings increased to 64. The number of condo and townhome sales increased month-over-month to $682 thousand, with 13 units sold and 22 new listings.
Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
1
Listings
1.2M
Sale Price
Days on Market
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
dian
2
d
mes
22 New Listings 1.1 Months of Inventory $682K Median Sale Price 96.3% Median Sale vs List 33 Avg Days on Market 13 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Condos & Townhomes
September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 125 100 75 50 25 0 September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 75 50 25 0 Newark SEPTEMBER 2021 - SEPTEMBER 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price has increased from $1 1m of last year's September, to $1 2m this year
Condos & Townhomes
The median sales price has decreased from $900k last year's September to $682k this year.
October2021November2021December2021January2022
Overbids
Single Family Homes
The overbid percentage has decreased from 106.9% of last year's September, to 95% this year.
Condos & Townhomes
The overbid percentage has decreased from 104 1% of last year's September , to 96 3% this year
February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market has significantly increased from 13 days last year's September, to 32 days a year later.
Condos & Townhomes
The average days on market has increased from 10 days last year's September, to 33 days a year later
September2021October2021November2021December2021January2022
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
February2022March2022April2022May2022June2022July2022August2022September2022 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Union City
What's in the Union City data?
In Union City, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold increased to 32, and the number of new listings also increased to 86. The number of condo & townhomes increased month-over-month to $640 thousand, with 7 units sold and 23 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
$1.2M
86 New Listings 1.5 Months of Inventory
Median Sale Price 95% Median Sale vs List 26 32 Sold Listings SFH Single Family Homes The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026. Avg Days on Market
23 New Listings 2.7 Months of Inventory $640K Median Sale Price 99.8% Median Sale vs List 24 Avg Days on Market 7 Sold Listings CONDO Condo & Townhomes
er2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 nionCity SEPTEMBER 2021 - SEPTEMBER 2022 NGS FOR SALE VS SOLD LISTINGS Family Homes 2 months, year over year. s & Townhomes 2 months, year over year
Median SalesPrice
Single Family Homes
The median sales price has decreased from $1 3m last September 2021 to $1 2m on September 2022
Condos & Townhomes
The median sales price has increased from $615k last September 2021 to $640k on September 2022.
October2021November2021December2021January2022
Overbids
Single Family Homes
The overbid percentage is down to 112.7% last September 2021 which decreased to 95% a year later.
Condos & Townhomes
The overbid percentage has gone down from 104 4% last September 2021 to 99 8% a year later.
January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market is from 12 days last September 2021 up to 26 days by September 2022.
Condos & Townhomes
The average days on market is from 17 days last September 2021 up to 24 days by September 2022
September2021October2021November2021December2021
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
February2022March2022April2022May2022June2022July2022August2022September2022 50 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Hayward
What's in the Hayward data?
In Hayward, the median sold price for single-family homes in September decreased month-over-month to $860 thousand. The number of homes sold decreased to 89, and the number of new listings decreased to 220. The number of condo & townhomes sales decreased month-over-month to $595 thousand, with 30 units sold and 96 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
SFH
Family Homes
Median Sale vs List
Listings
$860K
Sale Price
Days on Market
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
220 New Listings 2 Months of Inventory
Median
31 89 Sold
Single
Avg
97.7%
96 New Listings 2.2 Months of Inventory $595K Median Sale Price 98.2% Median Sale vs List 32 Avg Days on Market 30 Sold Listings CONDO Condo & Townhomes
Single Family Homes
Condos & Townhomes
September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 400 300 200 100 0 September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 200 150 100 50 0 Hayward SEPTEMBER 2021 - SEPTEMBER 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price decreased from $930k in September 2021 to $860k in September 2022
Condos & Townhomes
The median sales price slightly decreased from $615k in September 2021 and $595k in September 2022.
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 16 days last September 2021 to 31 days by September 2022.
Condos & Townhomes
The average days on market
from 18 days in September 2021 to 32 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 107.1% last September 2021 to 97.7% a year later.
Condos & Townhomes
The overbid percentage decreased from 106 4% last September 2021 to 98 2% a year later
September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
increased
San Leandro
What's in the San Leandro data?
In San Leandro, the median sold price for single-family homes in September decreased month-over-month to $815 thousand. The number of homes sold decreased to 42, and the number of new listings increased to 133. Similarly to last month, the number of condo and townhome sales decreased month-over-month to $585 thousand, with 12 units sold and 40 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
133 New Listings 1.3 Months of Inventory $815K Median Sale Price 99.8% Median Sale vs List 33 42 Sold Listings SFH Single Family Homes The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026. Avg Days on Market
40 New Listings 1.5 Months of Inventory $585K Median Sale Price 99.6% Median Sale vs List 27 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
21November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 nLeandro SEPTEMBER 2021 - SEPTEMBER 2022 S FOR SALE VS SOLD LISTINGS amily Homes months, year over year. & Townhomes months, year over year
Median SalesPrice
Single Family Homes
The median sales price is down $900k from September 2021 to $815k on September 2022
Condos & Townhomes
The median sales price has decreased from $595k last September 2021 to $585k on September 2022.
October2021November2021December2021January2022
Overbids
Single Family Homes
The overbid percentage is down to 108.8% last September 2021 which decreased to 99.8% a year later.
Condos & Townhomes
The overbid percentage has gone down from 106 5% last September 2021 to 99 6% a year later
January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market is from 18 days last September 2021 up to 33 days by September 2022
Condos & Townhomes
The average days on market last September 2021 is 18 days up to 27 days on September 2022
September2021October2021November2021December2021
$10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 September2021
February2022March2022April2022May2022June2022July2022August2022September2022 50 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Tri-Cities
What's in the Tri-Cities data?
In the Tri-Cities, the median sold price for single-family homes in September decreased month-over-month to $1.3 million. The number of homes sold decreased to 161, and the number of new listings increased to 403. The number of condo & townhomes sales increased month-over-month at $774 thousand, with 72 units sold and 218 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
Fremont,Newark&UnionCity
403 New Listings 1.4 Months of Inventory $1.3M Median Sale Price 96.9% Median Sale vs List 28 161 Sold Listings SFH Single Family Homes The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026. Avg Days on Market
218 New Listings 2.1 Months of Inventory $774K Median Sale Price 99% Median Sale vs List 23 Avg Days on Market 72 Sold Listings CONDO Condo & Townhomes
Tri-Cities
Single Family Homes
Condos & Townhomes
September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 750 500 250 0 September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 400 300 200 100 0
SEPTEMBER 2021 - SEPTEMBER 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year.
Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price decreased from $1 4m in September 2021 to $1 3m in September 2022
Condos & Townhomes
The median sales price increased from $767k in September 2021 and $774k in September 2022.
October2021November2021December2021January2022
Overbids
Single Family Homes
The overbid percentage decreased from 108.6% last September 2021 to 96.9% a year later.
Condos & Townhomes
The overbid percentage decreased from 102 9% last September 2021 to 99% a year later
January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 12 days last September 2021 to 28 days by September 2022.
Condos & Townhomes
The average days on market increased from 18 days in September 2021 to 23 days this year
September2021October2021November2021December2021
$2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
February2022March2022April2022May2022June2022July2022August2022September2022 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Pleasanton
What's in the Pleasanton data?
In Pleasanton, the median sold price for single-family homes in September increased month-over-month to $1.6 million. The number of homes sold decreased to 44, and the number of new listings increased to 127. The number of condo & townhome sales increased month-over-month to $820 thousand month-over-month with 11 units sold and 43 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
$1.6M
Days on Market
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and
sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision.
2022. All rights reserved.
Is Independently
and Operated.
127 New Listings 1.9 Months of Inventory
Median Sale Price 92% Median Sale vs List 29 Avg
44 Sold Listings SFH Single Family Homes
Livermore
©
Each Office
Owned
DRE# 01345026.
43 New Listings 1.8 Months of Inventory $820K Median Sale Price 91.8% Median Sale vs List 37 Avg Days on Market 11 Sold Listings CONDO Condo & Townhomes
December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 ecember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 santon SEPTEMBER 2021 - SEPTEMBER 2022 R SALE VS SOLD LISTINGS Homes s, year over year. nhomes s, year over year
Median SalesPrice
Single Family Homes
The median sales price increased from $1 5m in September 2021 to $1 6m in September 2022
Condos & Townhomes
The median sales price increased from $762k in September 2021 and $820k in September 2022.
January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 12 days last September 2021 to 29 days by September 2022.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Overbids
Single Family Homes
The overbid percentage decreased from 108% last September 2021 to 92% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 3% last September 2021 to 91 8% a year later
The average days on market increased from 15 days in September 2021 to 37 days this year
September2021October2021November2021December2021
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
September2022 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
San Ramon
What's in the San Ramon data?
In San Ramon, the median sold price for single-family homes in September increased month-over-month to $1.7 million. The number of homes sold decreased to 68, and the number of new listings increased to 117. The number of condo & townhomes sales increased month-over-month at $1 million, with 20 units sold and 61 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
H
$1.7M
Avg Days on Market
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
entory
Median Sale Price 5% vs List 32 68 Sold Listings
amily Homes
CONDO Condo & Townhomes 61 New Listings 1.5 Months of Inventory $1M Median Sale Price 94.7% Median Sale vs List 28 Avg Days on Market 20 Sold Listings
Ramon
ember2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 mber2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022September2022 R SALE VS SOLD LISTINGS
SEPTEMBER 2021 - SEPTEMBER 2022 Homes s, year over year. nhomes Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price increased from $1 6m in September 2021 to $1 7m in September 2022
Condos & Townhomes
The median sales price increased from $752k in September 2021 and $1m in September 2022.
January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 9 days last September 2021 to 32 days by September 2022.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Overbids
Single Family Homes
The overbid percentage decreased from 106.9% last September 2021 to 94.5% a year later.
Condos & Townhomes
The overbid percentage decreased from 105% last September 2021 to 94 7% a year later
The average days on market increased from 14 days in September 2021 to 28 days this year
September2021October2021November2021December2021
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 September2021
September2022 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
Livermore
What's in the Livermore data?
In Livermore, the median sold price for single-family homes in September increased month-over-month to $1.1 million. The number of homes sold decreased to 75, and the number of new listings increased to 211. The number of condo and townhome sales decreased month-over-month at $720 thousand with 23 units sold and 27 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
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tings
.1M
Sale Price
ys on Market
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced from Broker Metrics. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.
CONDO Condo & Townhomes 27 New Listings 1.8 Months of Inventory $720K Median Sale Price 99.7% Median Sale vs List 32 Avg Days on Market 23 Sold Listings
April2022 May2022 June2022 July2022August2022September2022 April2022 May2022 June2022 July2022August2022September2022 SOLD LISTINGS e SEPTEMBER 2021 - SEPTEMBER 2022 Last 12 months, year over year
Median SalesPrice
Single Family Homes
The median sales price slightly increased from $1 140m in September 2021 to $1 190m in September 2022
Condos & Townhomes
The median sales price decreased from $777k in September 2021 and $720k in September 2022.
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022September2022
AVGDays OntheMarket
Single Family Homes
The average days on market increased from 13 days last September 2021 to 34 days by September 2022.
Condos & Townhomes
October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Overbids
Single Family Homes
The overbid percentage decreased from 105.1% last September 2021 to 94% a year later.
Condos & Townhomes
The overbid percentage decreased from 102 2% last September 2021 to 99 7% a year later
The average days on market increased from 18 days in September 2021 to 32 days this year
September2021
$1,500,000 $1,000,000 $500,000 $0 September2021
September2022 40 30 20 10 0 September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022September2022 125% 100% 75% 50% 25% 0%
39465 Paseo Padre Parkway #1500 Fremont CA 94538 KellerWilliamsFremont :
