MarketReport Market Report for the Fremont area September 2022 Copyright by KW Advisors 2022
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Icanhelp...
So, do you know what your home is worth in today's market?
Contact me for a confidential, no obligation, assessment of your home's value.
What’syourhome reallyworthin today’smarket?
That’s really the question you should be asking Ouryourself.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.
2. They Help Maximize Your Buyer Pool
5. They Know How To Set the Right Price for Your House
Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:
4. They’re Trained Negotiators
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. This could be the reason the percentage of people who list their houses on their own, known as an FSBO, or For Sale By Owner, is at its lowest point since 1985
3 They Understand the Fine Print
WhyaRealEstate ProfessionalIs KeyWhenSelling YourHouse
1. They Know What Buyers Want To See
There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.
In Milpitas, the median sold price for single-family homes in August increased month-over-month to $1.5 million. The number of homes sold decreased to 19, and the number of new listings increased to 66. The number of condo & townhomes sales increased to $1.1 million month-overmonth with 12 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%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Milpitas data?
Milpitas
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
Each Office Is
sources
66 New Listings 1.4 Months of Inventory $1.5M Median Sale Price 96.6% Median Sale vs List 20 19 Sold Listings SFH Single Family Homes
revision.
Owned and Operated.
errors
The data includes all single-family, from deemed contain and be subject to © 2022. All rights reserved. Independently DRE# 01345026.
Avg Days on Market
reliable may
61 New Listings 1.9 Months of Inventory $1.1M Median Sale Price 100.9% Median Sale vs List 31 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
Single
12
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 150 100 50 0 Milpitas AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last months, year over
Family Homes
Last months, year over year.
Condos & Townhomes
12
year
The median sales price has increased from $1 4m last year's August to $1 5m this year
Overbids
$0
September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
Condos & Townhomes
AVGDays OntheMarket
Condos & Townhomes
The overbid percentage has decreased from 107..90% last year's August, to 96.60% this year.
The average days on market has increased from 13 days of the same month last year, to 20 days this year.
Single Family Homes
Condos & Townhomes
Single Family Homes
Single Family Homes
The median sales price has increased from $985k last August 2021 to $1 1m by August 2022.
The overbid percentage decreased from 104 50% of August 2021, to 100 90% a year later
40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
$1,500,000 $1,000,000 $500,000
$2,000,000
125% 100% 75% 50% 25% 0% Median SalesPrice
August2021 July2022August2022 July2022August2022
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The average days on market has gone up from last year's August with 15 days, to 31 days this year
Fremont
In Fremont, the median sold price for single-family homes in August slightly increased month-over-month to $1.4 million. The number of homes sold decreased to 93 and the number of new listings increased to 292. The number of condo & townhomes sales decreased month-over-month to $800 thousand with 46 units sold and 205 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Fremont data?
The data includes all single-family, from from sources deemed may contain and be subject to revision. © 2022. All rights reserved. Is Independently and DRE# 01345026.
292 w Listings 1.4 onths of Inventory $1.4M Median Sale Price 94.2% edian Sale vs List 26 93 Sold Listings SFH ingle Family Homes
reliable
Operated.
Avg Days on Market
townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore sourced
Each Office
errors
Broker Metrics. Data
Owned
205 New Listings 1.7 Months of Inventory $800K Median Sale Price 99% Median Sale vs List 29 Avg Days on Market 46 Sold Listings CONDO Condo & Townhomes
Single Family
Last 12 months, year over year.
Homes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 500 400 300 200 100 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 300 200 100 0 Fremont AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year
Condos & Townhomes
Condos & Townhomes
Single Family Homes
The average days on market has gone up from last year's August with 19 days, to 29 days this year
The overbid percentage has decreased from 109.30% last year's August, to 94.30% this year.
125% 100% 75% 50% 25% 0% Median SalesPrice
30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
The median sales price slightly increased from $1 47m last year's August to $1 49m this year
The overbid percentage has decreased from 103 70% of August 2021, to 99% a year later
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
AVGDays OntheMarket
$1,500,000 $1,000,000 $500,000 July2022Auguat2022 July2022August2022
Single Family Homes
Single Family Homes
$2,000,000
The median sales price has increased from $715k last August to $800k by August 2022.
The average days on market has increased from 11 days of the same month last year, to 26 days this year.
Overbids
Condos & Townhomes
Condos & Townhomes
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
Newark
What's in the Newark data?
In Newark, the median sold price for single-family homes in August decreased month-over-month to $1.2 million. The number of homes sold decreased to 29 and the number of new listings increased to 92. The number of condo & townhomes sales decreased month-over-month to $745 thousand with 17 units sold and 29 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Avg
an Sale vs List Listings
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. Days on Market
33 29 Sold
2 ListingshsofInventory $1.2M Median Sale Price 6.4%
FH gle Family Homes
29 New Listings 0.7 Months of Inventory $745K Median Sale Price 99% Median Sale vs List 22 Avg Days on Market 17 Sold Listings CONDO Condo & Townhomes
Last 12 months, year over year.
Single Family Homes
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 125 100 75 50 25 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 75 50 25 0 Newark AUGUST 2021 - AUGUST 2022 LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year over year
Condos & Townhomes
The average days on market has increased from 14 days last year's August, to 22 days a year later
$2,000,000
Condos & Townhomes
Overbids
The overbid percentage has decreased from 104 50% of last year's August, to 99% this year
The average days on market has significantly increased from 14 days last year's August, to 33 days a year later.
Single Family Homes
$1,500,000 $1,000,000
The overbid percentage has decreased from 108.10% of last year's August, to 96.40% this year.
The median sales price has decreased from $1 3m of last year's August, to $1 2m this year
Condos & Townhomes
Condos & Townhomes
AVGDays OntheMarket
Single Family Homes
The median sales price slightly increased from $705k last year's August to $745k this year.
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022July2022
$500,000 $0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
What's in the Union City data?
In Union City, the median sold price for single-family homes in August increased month-over-month to $1.3 million. The number of homes sold decreased to 25, and the number of new listings increased to 93. The number of condo & townhomes increased month-over-month to $605 thousand, with 9 units sold and 20 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Union City
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
$1.3M Median Sale Price 28 25 Sold Listings omes
20 New Listings 0.9 Months of Inventory $605K Median Sale Price 96.3% Median Sale vs List 29 Avg Days on Market 9 Sold Listings CONDO Condo & Townhomes
June2022 July2022August2022 June2022 July2022August2022 INGS
The median sales price has decreased from $705k last August 2021 to $605k on August 2022.
The average days on market is from 8 days last August 2021 up to 28 days by August 2022.
Condos & Townhomes
The overbid percentage is down to 112.4 % last August 2021 which decreased to 92% a year later.
$2,000,000
Condos & Townhomes
Single Family Homes
$1,000,000
$1,500,000
Condos & Townhomes
The overbid percentage has gone down from 105 4% last August 2021 to 96 3% a year later.
$500,000 $0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 50 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
Overbids
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Single Family Homes
The average days on market last August 2021 is 14 days to 29 days on August 2022
AVGDays OntheMarket
The median sales price slightly increased from $1 30m from August 2021 to $1 32m August 2022
What's in the Hayward data?
Hayward
In Hayward, the median sold price for single-family homes in August decreased month-over-month to $891 thousand. The number of homes sold decreased to 74, and the number of new listings increased to 246. The number of condo & townhomes sales slightly decreased month-overmonth to $591 thousand, with 22 units sold and 103 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
103 New Listings 1.5 Months of Inventory $591K Median Sale Price 100.7% Median Sale vs List 25 Avg Days on Market 22 Sold Listings CONDO Condo & Townhomes
022 June2022 July2022August2022 022 June2022 July2022August2022 TINGS y y
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
The average days on market increased from 14 days last August 2021 to 26 days by August 2022.
Single Family Homes
The overbid percentage decreased from 106 5% last August 2021 to 100 7% a year later
The average days on market increased from 16 days in August 2021 to 25 days this year
The median sales price decreased from $925k in August 2021 to $891k in August 2022
AVGDays OntheMarket
Overbids
Single Family Homes
$1,250,000 $1,000,000 $750,000 $500,000 $250,000
The overbid percentage decreased from 108.80% last August 2021 to 98.60% a year later.
Condos & Townhomes
The median sales price slightly decreased from $598k in August 2021 and $591k in August 2022.
Condos & Townhomes
Single Family Homes
Condos & Townhomes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
In San Leandro, the median sold price for single-family homes in August decreased month-over-month to $825 thousand. The number of homes sold decreased to 44, and the number of new listings increased to 133. The number of condo & townhomes increased month-over-month to $502 thousand, with 12 units sold and 43 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
San Leandro
What's in the San Leandro data?
9%
3 ngsInventory $825K
ale vs List Listings
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
Median Sale Price
H Family Homes
34 44 Sold
43 New Listings 2.5 Months of Inventory $502K Median Sale Price 100.6% Median Sale vs List 24 Avg Days on Market 12 Sold Listings CONDO Condo & Townhomes
January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 andro AUGUST 2021 - AUGUSTL2022EVS SOLD LISTINGS ver year. ver year
Condos & Townhomes
$2,500,000 $0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 50 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
The average days on market is from 18 days last August 2021 up to 34 days by August 2022
$5,000,000
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Condos & Townhomes
The average days on market last August 2021 is 22 days up to 24 days on August 2022
Overbids
Single Family Homes
The overbid percentage has gone down from 106 20% last August 2021 to 100 60% a year later
The median sales price has decreased from $900k last August 2021 to $825k on August 2022
$7,500,000
The median sales price has decreased from $505k last August 2021 to $502k on August 2022.
$10,000,000
Condos & Townhomes
The overbid percentage is down to 109% last August 2021 which decreased to 98.90% a year later.
Single Family Homes
Single Family Homes
AVGDays OntheMarket
Tri-Cities
What's in the Tri-Cities data?
In the Tri-Cities, the median sold price for single-family homes in August decreased month-over-month to $1.3 million. The number of homes sold decreased to 147, and the number of new listings increased to 477. The number of condo & townhomes sales increased month-over-month to $790 thousand, with 72 units sold and 254 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Fremont,Newark&UnionCity
1.3M ian Sale Price 8 47 Listings mes
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.
Days on Market
254 New Listings 1.4 Months of Inventory $790K Median Sale Price 98.70% Median Sale vs List 28 Avg Days on Market 72 Sold Listings CONDO Condo & Townhomes
2022 July2022August2022 2022 July2022August2022 GS y y
Overbids
$1,500,000 $1,000,000 $500,000 August2022
AVGDays OntheMarket
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022
Condos & Townhomes
Single Family Homes
125% 100% 75% 50% 25% 0% Median SalesPrice
Single Family Homes
August2021 October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
The overbid percentage decreased from 104% last August 2021 to 98 70% a year later
The average days on market increased from 11 days last August 2021 to 28 days by August 2022.
Condos & Townhomes
The average days on market increased from 17 days in August 2021 to 28 days this year
September2021
Condos & Townhomes
$2,000,000
Single Family Homes
The overbid percentage decreased from 109.60% last August 2021 to 94.30% a year later.
The median sales price increased from $707k in August 2021 and $790k in August 2022.
The median sales price decreased from $1 4m in August 2021 to $1 3m in August 2022
What's in the Pleasanton data?
In Pleasanton, the median sold price for single-family homes in August decreased month-over-month to $1.5 million. The number of homes sold decreased to 53, and the number of new listings increased to 132. The number of condo & townhomes sales decreased month-over-month to $650 thousand, with 11 units sold and 37 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Pleasanton
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.
132 New Listings 1.8 Months of Inventory $1.5M Median Sale Price 93.20% Median Sale vs List 26 Avg Days on Market 53 Sold Listings SFH Single Family Homes
The DRE# 01345026.
37 New Listings 1.4 Months of Inventory $650K Median Sale Price 99.30% Median Sale vs List 28 Avg Days on Market 11 Sold Listings CONDO Condo & Townhomes
2022 March2022 April2022 May2022 June2022 July2022August2022 022 March2022 April2022 May2022 June2022 July2022August2022 n SOLD LISTINGS r. y y r
The overbid percentage decreased from 107.3% last August 2021 to 93.2% a year later.
Condos & Townhomes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
Overbids
Single Family Homes
The average days on market increased from 11 days last August 2021 to 26 days by August 2022.
Single Family Homes
$2,000,000 $1,500,000 $1,000,000 $500,000 August2022
Condos & Townhomes
Single Family Homes
The median sales price decreased from $824k in August 2021 and $650k in August 2022.
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022
The median sales price decreased from $1 8m in August 2021 to $1 5m in August 2022
AVGDays OntheMarket
The average days on market increased from 11 days in August 2021 to 28 days this year
125% 100% 75% 50% 25% 0% Median SalesPrice
Condos & Townhomes
$2,500,000
The overbid percentage decreased from 104 7% last August 2021 to 99 3% a year later
San Ramon
What's in the San Ramon data?
In San Ramon, the median sold price for single-family homes in August decreased month-over-month to $1.8 million. The number of homes sold decreased to 57, and the number of new listings increased to 175. The number of condo & townhomes sales decreased month-over-month to $750 thousand, with 27 units sold and 69 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
30 57 Sold
Avg
H e Family Homes
Sale vs List Listings
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. Days on Market
5 ings 8 of Inventory $1.8M Median Sale Price .80%
CONDO Condo & Townhomes 69 New Listings 1.3 Months of Inventory $750K Median Sale Price 96.30% Median Sale vs List 31 Avg Days on Market 27 Sold Listings
July2022
August2022 July2022August2022
Last 12 months, year over year
Overbids
$0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022 40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022 July2022August2022 125% 100% 75% 50% 25% 0% Median SalesPrice
The average days on market increased from 11 days last August 2021 to 30 days by August 2022.
The median sales price slightly decreased from $1 825m in August 2021 to $1 8m in August 2022
Condos & Townhomes
Single Family Homes
The median sales price decreased from $912k in August 2021 and $665k in August 2022.
AVGDays OntheMarket
Condos & Townhomes
The average days on market increased from 15 days in August 2021 to 31 days this year
Single Family Homes
August2021 October2021 December2021January2022February2022March2022April2022May2022June2022July2022August2022
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000
Single Family Homes
November2021
Condos & Townhomes
The overbid percentage decreased from 111.9% last August 2021 to 92.8% a year later.
The overbid percentage decreased from 102 9 % last August 2021 to 96 3% a year later
September2021
In Livermore, the median sold price for single-family homes in August decreased month-over-month to $1.1 million. The number of homes sold decreased to 75, and the number of new listings increased to 230. The number of condo & townhomes sales decreased month-over-month to $785 thousand, with 19 units sold and 54 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
What's in the Livermore data?
Livermore
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
The data includes subject to © 2022. All rights reserved. DRE# 01345026.
revision.
Each Office Is Independently Owned and Operated.
Avg Days on Market
230 New Listings 1.8 Months of Inventory $1.1M Median Sale Price 94.30% Median Sale vs List 29 75 Sold Listings SFH Single Family Homes
CONDO Condo & Townhomes 54 New Listings 1 Months of Inventory $785K Median Sale Price 98% Median Sale vs List 20 Avg Days on Market 19 Sold Listings
Last 12 months, year over year.
Last 12 months, year over year
Homes
Condos & Townhomes
Single Family
August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 400 300 200 100 0 August2021September2021October2021November2021December2021January2022February2022 March2022 April2022 May2022 June2022 July2022August2022 80 60 40 20 0 LISTINGS FOR SALE VS SOLD LISTINGS Livermore AUGUST 2021 - AUGUST 2022
Median SalesPrice
The average days on market increased from 13 days last August 2021 to 29 days by August 2022.
Condos & Townhomes
August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022July2022August2022
40 30 20 10 0 August2021September2021October2021November2021December2021January2022February2022March2022April2022May2022June2022
The overbid percentage decreased from 105 4% last August 2021 to 98% a year later
Single Family Homes
AVGDays OntheMarket
$1,500,000
$1,000,000 $500,000 February2022March2022April2022May2022June2022July2022August2022 July2022August2022
The median sales price decreased from $807k in August 2021 and $785k in August 2022.
Overbids
$0 August2021September2021October2021November2021December2021January2022
Single Family Homes
The average days on market increased from 15 days in August 2021 to 20 days this year
The median sales price decreased from $1 150m in August 2021 to $1 125m in August 2022
Condos & Townhomes
Single Family Homes
125% 100% 75% 50% 25% 0%
Condos & Townhomes
The overbid percentage decreased from 106.8% last August 2021 to 94.3% a year later.
39465 Paseo Padre Parkway #1500 Fremont CA 94538 KellerWilliamsFremont :
