October 2024 Market Report San Francisco Bay Area

Page 1


San Francisco Bay area

Jump to Alameda Report Alameda

Contra Costa

Jump to Contra Costa Report

Jump to Napa Report Napa County

San Francisco County

Jump to San Francisco County Report

San Mateo

Jump to San Mateo Report

Santa Clara

Jump to Santa Clara Report

Solano County

Jump to Solano Report

Sonoma County

Jump to Sonoma Report

Jump to Marin Report Southern/Central Marin

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

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

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

Icanhelp...

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

ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

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

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

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

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

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

AVOID ADU NIGHTMARES:

Hire the Right Partner

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

Choose Expertise Over Inexperience

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

Verify

Your ADU Partner’s Credentials

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

Conduct Thorough Site Assessments

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

Put Your Trust in The Right Company

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

START YOUR ADU PROJECT RIGHT

VENDOR DIRECTORY

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

Alameda

What's in the Alameda data?

There were 2,164 single-family homes for sale, providing 1.8 months of inventory. There were 1,042 new listings, and 622 homes sold at a median price of $1.2m. The median overbid percentage was at 105.3%, with an average of 25 days on the market.

There were 1,030 condo and townhome units for sale, providing 3 2 months of inventory There were 397 new listings and 192 units sold at a median sale price of $727k. The median overbid percentage was at 100.7%, with an average of 34 days on the market.

mily Homes

2 ory

622 Sold Listings

$1.2M Median Sale Price

3% ist

25 Avg Days on Market

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

Condo & Townhomes

397

New Listings

192

Sold Listings

3.2

Months of Inventory

100.7%

Median Sale vs List

$727K

Median Sale Price

34

Avg Days on Market

AlamedaCounty

SEPTEMBER 2023 - SEPTEMBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $730k last September 2023, to $727k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last September 2023, to 25 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in September 2023, to 34 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 3% last September 2023, to 105 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% last September 2023, to 100.7% a year later.

Contra Costa

What's in the Contra Costa data?

There were 1,293 single-family homes for sale, providing 2.1 months of inventory. There were 912 new listings, and 541 homes sold at a median price of $861k. The median overbid percentage was at 100%, with an average of 29 days on the market.

There were 542 condo and townhome units for sale, providing 3.1 months of inventory. There were 317 new listings and 165 units sold at a median sale price of $615k. The median overbid percentage was at 99.9%, with an average of 33 days on the market

Single-Family Homes

912 ew Listings

541 Sold Listings

2.1 Months of Inventory

$861K Median Sale Price

100%

Median Sale vs List

29 Avg Days on Market

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

317 New Listings 3.1 Months of Inventory $615K Median Sale Pric 99.9%

Median Sale vs List 33 Avg Days on Marke 165 Sold Listing

raCosta

SEPTEMBER 2023 - SEPTEMBER 2024

mes year-over-year.

omes , year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $870k last September 2023, to $861k as of September 2024

Condos & Townhomes

The median sale price has decreased from $625k last September 2023, to $615k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last September 2023, to 29 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in September 2023, to 33 days as of September 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Napa County

What's in the Napa County data?

There were 352 single-family homes for sale, providing 5 months of inventory. There were 86 new listings, and 69 homes sold at a median price of $898k. The median overbid percentage was at 98 1%, with an average of 64 days on the market

There were 55 condo and townhome units for sale, providing 6 months of inventory. There were 9 new listings and 7 units sold at a median sale price of $747k. The median overbid percentage was at 99.8%, with an average of 47 days on the market.

NapaCounty

SEPTEMBER 2023 - SEPTEMBER 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 decreased from $910k last September 2023, to $898k as of September 2024

Condos & Townhomes

The median sale price has decreased from $902k last September 2023, to $747k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last September 2023, to 64 days as of September 2024

Condos & Townhomes

The average time spent on the market went down from 52 days in September 2023, to 47 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last September 2023, to 98 1% a year later

Condos & Townhomes

The overbid percentage has increased from 99.6% last September 2023, to 99.8% a year later.

San Francisco County

What's in the San Francisco County data?

There were 379 single-family homes for sale, providing 2.1 months of inventory. There were 379 new listings, and 136 homes sold at a median price of $1.6m. The median overbid percentage was at 111%, with an average of 25 days on the market.

There were 799 condo and townhome units for sale, providing 4.7 months of inventory. There were 459 new listings and 125 units sold at a median sale price of $1.1m. The median overbid percentage was at 100%, with an average of 58 days on the market.

mily Homes

136 Sold Listings

$1.6M Median Sale Price

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

9% ist

25 Avg Days on Market

Condo

& Townhomes

459

New Listings

125

Sold Listings

4.7

Months of Inventory

$1.1M

Median Sale Price 100%

Median Sale vs List

58

Avg Days on Market

SanFranciscoCounty

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last September 2023, to 25 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 57 days in September 2023, to 58 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 106 7% last September 2023, to 111% a year later

Condos & Townhomes

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

He-Family Homes

7 ings

319 Sold Listings

7 of Inventory

$1.9M Median Sale Price

3.1% Sale vs List

24 Avg Days on Market

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

Listings

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has decreased from $890k last September 2023, to $880k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 24 days last September 2023, to 24 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 34 days in September 2023, to 42 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 102 2% last September 2023, to 103 1% a year later

Condos & Townhomes

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

SantaC County

What's in the Sant County data?

There were 911 single-family providing 1.4 months of inve new listings, and 617 homes price of $1.9m. The median o was at 102 9%, with an avera market.

There were 597 condo and to sale, providing 2.1 months of were 449 new listings and 27 median sale price of $1m. Th percentage was at 100.7%, w days on the market

homes, condos and September 2024. This data was gathered. All Copyright KW Advisors San Francisco | Napa Valley 2024. Each office is independently owned and operated. 9M Price Market

Condo

449

New Listings

2.1

Months of Inventory

100.7%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $1 03m last September 2023, to $1 04m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 18 days last September 2023, to 22 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 18 days in September 2023, to 28 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 9% last September 2023, to 102 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last September 2023, to 100.7% a year later.

Solano County

What's in the Solano County

data?

There were 653 single-family homes for sale, providing 2.3 months of inventory. There were 322 new listings, and 264 homes sold at a median price of $600k. The median overbid percentage was at 100%, with an average of 46 days on the market.

There were 70 condo and townhome units for sale, providing 2.5 months of inventory. There were 27 new listings and 18 units sold at a median sale price of $382k. The median overbid percentage was at 100%, with an average of 57 days on the market

Single-Family Homes

322 New Listings

264 Sold Listings

2.3 Months of Inventory

$600K

Median Sale Price

100%

Median Sale vs List

46

Avg Days on Market

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

New Listings

2.5

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $586k last September 2023, to $600k as of September 2024

Condos & Townhomes

The median sale price has decreased from $402k last September 2023, to $382k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 29 days last September 2023, to 46 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in September 2023, to 57 days as of September 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Sonoma County

What's in the Sonoma data?

There were 836 single-family homes for sale, providing 2.7 months of inventory. There were 257 new listings, and 288 homes sold at a median price of $821k. The median overbid percentage was at 100%, with an average of 54 days on the market.

There were 85 condo and townhome units for sale, providing 2.1 months of inventory. There were 38 new listings and 35 units sold at a median sale price of $505k. The median overbid percentage was at 100%, with an average of 58 days on the market.

New Listings 2.1

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $839k last September 2023, to $821k as of September 2024

Condos & Townhomes

The median sale price has increased from $430k last September 2023, to $505k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last September 2023, to 54 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 36 days in September 2023, to 58 days as of September 2024.

Overbids

Single-Family Homes

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

Condos & Townhomes

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

Southe Centra Marin

What's in the Sout Marin data?

There were 351 single-family providing 2.4 months of inve new listings, and 136 homes price of $1.7m. The median was at 100%, with an averag market.

There were 130 condo and to sale, providing 2.9 months o were 42 new listings and 31 sale price of $805k. The med percentage was at 100%, wit days on the market.

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

New Listings

2.9

Months of Inventory 100%

Median Sale vs List

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sale price has increased from $740k last September 2023, to $805k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last September 2023, to 36 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in September 2023, to 43 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last September 2023, to 100% a year later

Condos & Townhomes

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

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