Loann Tran Market Update : April 2023

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Bay Area Counties | April 2023 Market Update Loann Tran (408) 679-1166 loann.tran@kw.com Realtor® Lic. 01202236

Santa Clara

San Mateo

Alameda

San Francisco

Santa Clara County

What's in the Santa Clara data?

Santa Clara’s median sold price for single-family homes increased slightly from last month, $1.67 Million in March 2023 to $1.77 Million in April 2023. The number of homes sold was 586 while the number of new listings was 916. The median price for condos/ townhouses is at $926k with 348 new listings and 242 homes sold.

916 New Listings

586 Sold Listings

1.3 Months of Inventory

$1.77M Median Sale Price

104.6% Median Sale vs List Price 19 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from MLS for the period 4/2022 thru 4/2023 Data may include preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Silicon City Each Office is independently owned and operated

348 New Listings

242 Sold Listings

1.2 Months of Inventory

$926K Median Sale Price

103.1% Median Sale vs List Price

20 Avg Days on Market

Santa Clara at a glance
CONDOS & TOWNHOMES

LISTINGS FOR SALE VS SOLD LISTINGS

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2022 March2023 April2023 1,500 1,000 500 0
FAMILY HOMES
SINGLE
CLARA | APRIL 2022 - APRIL 2023 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 April2023 750 500 250 0
SANTA

Single Family Homes

The median sales price is down from $1.95 Million in April 2022 to $1 77 Million in April 2023

Condos & Townhomes

The median sales price has decreased from April 2022 at $1 04 Million to April 2023 at $926k

Single Family Homes

The average days on market has gone up from 10 days last April 2022 to 19 days in April 2023

Condos & Townhomes

The average days on market last April 2022 was 10 days and has increased to 20 days in April 2023

Single Family Homes

The overbid percentage has decreased from 116% in April 2022 to now 104% in April 2023

Condos & Townhomes

The overbid percentage has gone down from 111% last April 2022 to 103% a year later in April 2023

A V G D A Y S O N M A R K E T Apr2022May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
SANTA CLARA | APRIL 2023
Apr2022May2022 Jun2022July2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 40 30 20 10 0
Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 125% 100% 75% 50% 25% 0%

San Mateo County

What's in the San Mateo data?

San Mateo's median sold price for single-family homes decreased month-to-month from $1.78 Million in March 2023 to $1.79 Million in April 2023. The number of homes sold was 230 while the number of new listings was 422. The median price for condos/ townhouses was $857k with 139 new listings and 70 homes sold.

422 New Listings

230 Sold Listings

1.9 Months of Inventory

$1.79M Median Sale Price

102.7% Median Sale vs List Price

24 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from MLS for the period 4/2022 thru 4/2023 Data may include preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Silicon City Each Office is independently owned and operated

CONDOS & TOWNHOMES

139 New Listings

70 Sold Listings

2.2 Months of Inventory

$857K Median Sale Price

101.8% Median Sale vs List Price

33 Avg Days on Market

glance
San Mateo at a

LISTINGS FOR SALE VS SOLD LISTINGS

SAN

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Apr2022 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 750 500 250 0 SINGLE FAMILY HOMES
MATEO APRIL
APRIL 2023 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 Apr2023 300 200 100 0
2022 -

Single Family Homes

The median sales price has decreased with April 2022 at $2 25 Million to April 2023 at $1 79 Million

Condos & Townhomes

The median sales price has decreased from $1 08 Million last April 2022 to $857k in April 2023

Single Family Homes

The average days on market is up from 12 days last April 2022 to 24 days in April 2023

Condos & Townhomes

The average days on market last April 2022 was 18 days and now is up to an average of 33 days in April 2023

Single Family Homes

The overbid percentage has gone down from 113% last April 2022 to now 102% in April 2023

Condos & Townhomes

The overbid percentage has gone down from 107% last April 2022 to 101% a year later

A V G D A Y S O N M A R K E T Apr2022May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
SAN MATEO COUNTY | APRIL 2023 Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 60 40 20 0 Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 125% 100% 75% 50% 25% 0%

Alameda County

What's in the Alameda data?

Alameda’s median sold price for single-family homes decreased slightly month-to-month from $1.21 Million in March 2023 to $1.22 Million in April 2023. The number of homes sold was 572 while the number of new listings was 838. The median price for condos/ townhouses was $685k with 285 new listings and 196 homes sold.

838 New Listings

572 Sold Listings

1.2 Months of Inventory

$1.22M Median Sale Price 108% Median Sale vs List Price 19 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from MLS for the period 4/2022 thru 4/2023 Data may include preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Silicon City Each Office is independently owned and operated

285 New Listings

196 Sold Listings

1.5 Months of Inventory

Alameda at a glance

$685K Median Sale Price

CONDOS

&

TOWNHOMES

102% Median Sale vs List Price

24 Avg Days on Market

LISTINGS FOR SALE VS SOLD LISTINGS

ALAMEDA APRIL 2022 - APRIL 2023

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Apr2022 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 2,000 1,500 1,000 500 0
SINGLE FAMILY HOMES
Apr2022 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 750 500 250 0

Single Family Homes

The median sales price has decreased from $1.48 Million in April 2022 to $1.22 Million in April 2023

Condos & Townhomes

The median sales price has slightly decreased from $805k last April 2022 to $685k in April 2023

Single Family Homes

The average days on market was 11 days last April 2022 and is now up to 19 days in April 2023

Condos & Townhomes

The average days on market last April 2022 was 14 days and is now up to 24 days in April 2023

Single Family Homes

The overbid percentage is down from 121% last April 2022 to now 108% in April 2023

Condos & Townhomes

The overbid percentage has gone down from 109% last April 2022 to 102% a year later in April 2023

A V G D A Y S O N M A R K E T Apr2022May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
ALAMEDA COUNTY | APRIL 2023 Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 50 40 30 20 10 0 Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 125% 100% 75% 50% 25% 0%

San Francisco County

What's in the San Francisco data?

San Francisco's median sold price for single-family homes decreased slightly month-tomonth from $1.69 Million in March 2023 to $1.57 Million in April 2023. The number of homes sold was 173 while the number of new listings was 240. The median price for condos/ townhouses was $1.20 Million with 277 new listings and 180 homes sold.

240 New Listings

173 Sold Listings

1.9 Months of Inventory

$1.57M Median Sale Price 107% Median Sale vs List Price 30 Avg Days on Market

SINGLE FAMILY HOMES

This data is sourced from MLS for the period 4/2022 thru 4/2023 Data may include preliminary data and may vary from the time this data was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Silicon City Each Office is independently owned and operated

277 New Listings

180 Sold Listings

3.5 Months of Inventory

$1.20M Median Sale Price

100% Median Sale vs List Price

54 Avg Days on Market

San Francisco at a glance
CONDOS & TOWNHOMES

Last

CONDOS

Last 12 months, year-over-year

Apr2022 May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 500 400 300 200 100 0 SINGLE FAMILY HOMES
12 months, year-over-year
SAN FRANCISCO APRIL 2022 - APRIL 2023 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 1,250 1,000 750 500 250 0
LISTINGS FOR SALE VS SOLD LISTINGS

Single Family Homes

The median sales price has decreased from $2.05 Million in April 2022 to $1.57 Million in April 2023

Condos & Townhomes

The median sales price has slightly decreased from $1 37 Million last April 2022 to $1 2 Million in April 2023

Single Family Homes

The average days on market was 16 days last April 2022 and is now up to 30 days in April 2023

Condos & Townhomes

The average days on market last April 2022 was 28 days and is now up to 54 days in April 2023

Single Family Homes

The overbid percentage is down from 123% last April 2022 to now 107% in April 2023

Condos & Townhomes

The overbid percentage has gone down from 107% last April 2022 to 100% a year later in April 2023

A V G D A Y S O N M A R K E T Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023Apr2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 O V E R B I D S M E D I A N S A L E S P R I C E
SAN FRANCISCO COUNTY | APRIL 2023 Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023Apr2023 80 60 40 20 0 Apr2022May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023 125% 100% 75% 50% 25% 0%
S for the period 04/2022 thru 04/2023 Data may include preliminary data and may was gathered All data is deemed reliable but not guaranteed Questions may be directed to KW Silicon City Each Office is independently owned and operated Loann Tran (408) 679-1166 loann.tran@kw.com Realtor® Lic. 01202236

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