Bay Area | March 2023 Market Update
Santa Clara
San Mateo
Alameda
San Francisco
Santa Clara
What's in the Santa Clara data?
Santa Clara’s median sold price for single-family homes increased slightly from last month, $1.47 Million in Feb. 2023 to $1.67 Million in March 2023. The number of homes sold was 645 while the number of new listings was 895. The median price for condos/ townhouses is at $948k with 390 new listings and 275 homes sold.
895 New Listings
645 Sold Listings
1.2 Months of Inventory
$1.67M 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 3/2022 thru 3/2023 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 Keller Williams Realty Santa Clara Valley Each Office is independently owned and operated
390 New Listings
275 Sold Listings
1.1 Months of Inventory
$948K Median Sale Price
101.4% Median Sale vs List Price
25 Avg Days on Market
Santa Clara at a glance
CONDOS & TOWNHOMES
LISTINGS FOR SALE VS SOLD LISTINGS
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2022 March2023 1,500 1,000 500 0
Mar2022 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 750 500 250 0
SANTA CLARA | MARCH 2022 - MARCH 2023
Single Family Homes
The median sales price is down from $1.91 Million in March 2022 to $1 67 Million in March 2023
Condos & Townhomes
The median sales price has decreased from March 2022 at $1 03 Million to March 2023 at $948k
Single Family Homes
The average days on market has gone up from 11 days last March 2022 to 24 days in March 2023
Condos & Townhomes
The average days on market last March 2022 was 12 days and has increased to 25 days in March 2023
Single Family Homes
The overbid percentage has decreased from 117 4% in March 2022 to now 102 7% in March 2023
Condos & Townhomes
The overbid percentage has gone down from 111 4% last March 2022 to 101 4% a year later in March 2023
A V G D A Y S O N M A R K E T Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023 $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 | MARCH 2023
March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 40 30 20 10 0
March2022Apr2022May2022June2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 125% 100% 75% 50% 25% 0%
San Mateo
What's in the San Mateo data?
San Mateo's median sold price for single-family homes decreased month-to-month from $1.95 Million in Feb. 2023 to $1.78 Million in March 2023. The number of homes sold was 253 while the number of new listings was 376. The median price for condos/ townhouses was $1.06 Million with 97 new listings and 102 homes sold.
376 New Listings
253 Sold Listings
1.6 Months of Inventory
$1.78M Median Sale Price
103.0% Median Sale vs List Price
28 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 3/2022 thru 3/2023 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 Keller Williams Realty Santa Clara Valley Each Office is independently owned and operated
97 New Listings
102 Sold Listings
1.5 Months of Inventory
$1.06M Median Sale Price
100.0% Median Sale vs List Price
CONDOS & TOWNHOMES
36 Avg Days on Market
at a glance
San Mateo
LISTINGS FOR SALE VS SOLD LISTINGS
SAN
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Mar2022 Apr2022 May2022 June2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 750 500 250 0 SINGLE FAMILY HOMES
MATEO MARCH
MARCH 2023 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 300 200 100 0
2022 -
Single Family Homes
The median sales price has decreased with March 2022 at 1 91 Million to March 2023 at $1 67 Million
Condos & Townhomes
The median sales price has increased from $938k last March 2022 to $1 06 Million in March 2023
Single Family Homes
The average days on market is up from 11 days last March 2022 to 28 days in March 2023
Condos & Townhomes
The average days on market last March 2022 was 15 days and now is up to an average of 36 days in March 2023
Single Family Homes
The overbid percentage has gone down from 115% last March 2022 to now 103% in March 2023
Condos & Townhomes
The overbid percentage has gone down from 107% last March 2022 to 100% a year later
A V G D A Y S O N M A R K E T Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023 $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 | MARCH 2023 March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 60 40 20 0 Mar2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 125% 100% 75% 50% 25% 0%
Alameda
What's in the Alameda data?
Alameda’s median sold price for single-family homes increased slightly month-to-month from $1.02 Million in Jan. 2023 to $1.21 Million in March 2023. The number of homes sold was 598 while the number of new listings was 803. The median price for condos/ townhouses was $765k with 317 new listings and 223 homes sold.
803 New Listings
598 Sold Listings
1.1 Months of Inventory
$1.21M Median Sale Price
107.0% Median Sale vs List Price 19 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 3/2022 thru 3/2023 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 Keller Williams Realty Santa Clara Valley Each Office is independently owned and operated
317 New Listings
223 Sold Listings
1.3 Months of Inventory
$765K Median Sale Price
101.6% Median Sale vs List Price
Alameda at a glance
CONDOS & TOWNHOMES
27 Avg Days on Market
LISTINGS FOR SALE VS SOLD LISTINGS
ALAMEDA MARCH 2022 - MARCH 2023
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 2,000 1,500 1,000 500 0
SINGLE FAMILY HOMES
March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 750 500 250 0
Single Family Homes
The median sales price has decreased from $1.40 Million in March 2022 to $1.21 Million in March 2023
Condos & Townhomes
The median sales price has slightly decreased from $775k last March 2022 to $768k in March 2023
Single Family Homes
The average days on market was 12 days last March 2022 and is now up to 25 days in March 2023
Condos & Townhomes
The average days on market last March 2022 was 18 days and is now up to 27 days in March 2023
Single Family Homes
The overbid percentage is down from 121% last March 2022 to now 107% in March 2023
Condos & Townhomes
The overbid percentage has gone down from 108% last March 2022 to 101% a year later in March 2023
A V G D A Y S O N M A R K E T March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023 $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 | MARCH 2023 March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 50 40 30 20 10 0 March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 125% 100% 75% 50% 25% 0%
San Francisco
What's in the San Francisco data?
San Francisco's median sold price for single-family homes decreased slightly month-tomonth from $1.43 Million in Feb. 2023 to $1.69 Million in March 2023. The number of homes sold was 149 while the number of new listings was 251. The median price for condos/ townhouses was $1.15 Million with 306 new listings and 211 homes sold.
251 New Listings
149 Sold Listings
2.1 Months of Inventory
$1.69M Median Sale Price
108.1% Median Sale vs List Price 27 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 3/2022 thru 3/2023 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 Keller Williams Realty Santa Clara Valley Each Office is independently owned and operated
306 New Listings
211 Sold Listings
2.9 Months of Inventory
$1.15M Median Sale Price
100.7% Median Sale vs List Price
57 Avg Days on Market
San Francisco at a glance
CONDOS & TOWNHOMES
LISTINGS FOR SALE VS SOLD LISTINGS
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 500 400 300 200 100 0
FAMILY HOMES
SINGLE
SAN FRANCISCO MARCH 2022 - MARCH 2023 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 April2023 1,250 1,000 750 500 250 0
Single Family Homes
The median sales price has decreased from $2.00 Million in March 2022 to $1.69 Million in March 2023
Condos & Townhomes
The median sales price has slightly decreased from $1 25 Million last March 2022 to $1 15 Million in March 2023
Single Family Homes
The average days on market was 15 days last March 2022 and is now up to 27 days in March 2023
Condos & Townhomes
The average days on market last March 2022 was 29 days and is now up to 57 days in March 2023
Single Family Homes
The overbid percentage is down from 121% last March 2022 to now 108% in March 2023
Condos & Townhomes
The overbid percentage has gone down from 106% last March 2022 to 100% a year later in March 2023
A V G D A Y S O N M A R K E T March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023 $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 | MARCH 2023 March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 80 60 40 20 0 March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023 125% 100% 75% 50% 25% 0%
This data is sourced from MLS for the period 03/2022 thru 03/2023. 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 Keller Williams Realty Santa Clara Valley Each Office is independently owned and operated Alice Sun 408.460.6664 | Lic. 02079032
