Market Update BAY AREA | DECEMBER 2023
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 the previous month, $1.68 Million in November 2023 to $1.70 Million in December 2023. The number of homes sold was 461 while the number of new listings was 329. The median price for condos/ townhouses is at $880k with 140 new listings and 205 homes sold.
329 New Listings
461 Sold Listings
1.0 Months of Inventory
$1.70M Median Sale Price
103% Median Sale vs List Price
22 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 12/2022 thru 12/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
140 New Listings
205 Sold Listings
1.3 Months of Inventory
$880K Median Sale Price
100% Median Sale vs List Price
Santa Clara at a glance
CONDOS & TOWNHOMES
31 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SANTA CLARA COUNTY | DECEMBER 2022 - DECEMBER 2023
1,000
800
600
400
200
20 23
N ov N ov
De c
O ct 20 23 O ct 20 23
20 23
Se pt 20 23 Se pt 20 23
Au g Au g
20 23
Ju l2 02 3 Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap ril 20 23
20 23 M ar ch
20 22 Fe b
De c
Ja n
20 22
20 23
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
500
400
300
200
100
CONDOS Last 12 months, year-over-year
20 23 De c
20 23
20 23
20 23 Ju n
20 23 M ay
Ap ril 20 23
20 23 M ar ch
20 23 Fe b
Ja n
De c
20 22
20 23
0
SANTA CLARA | DECEMBER 2023
$2,000,000
Single Family Homes The median sales price increased year over year from $1.46 Million in December 2022 to $1.70 Million in December 2023.
$1,000,000
$0
The median sales price slightly increased year over year from $879K in December 2022 to $880K in December 2023.
20 23
Fe b
Ja n
20 22
M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se pt 20 23 O ct 20 23 N ov 20 23 De c 20 23
Condos & Townhomes
20 23
$500,000
De c
MEDIAN SALES PRICE
$1,500,000
40
Single Family Homes The average days on market has gone down from 30 days last December 2022 to 22 days in December 2023
20
20 23
De c
N ov
20 23
O ct 20 23
Se pt 20 23
Au g
Ju l2 02 3
M ar 20 23
20 23
Fe b
Ja n
20 22
20 23
0
The average days on market last December 2022 was 33 days and has decreased to 31 days in December 2023
Ap r2 02 3 M ay 20 23 Ju n 20 23
Condos & Townhomes
20 23
10
De c
AVG DAYS ON MARKET
30
120%
Single Family Homes
100%
The overbid percentage has increased from 98% in December 2022 to now 102% in December 2023
80% 60%
Condos & Townhomes
20%
20 23
De c
20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
0% De c
OVERBIDS
40%
The overbid percentage has slightly increased from 99% last December 2022 to 100% a year later in December 2023
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 $1.72 Million in November 2023 to $1.65 Million in December 2023. The number of homes sold was 254 while the number of new listings was 132. The median price for condos/ townhouses was $826K with 40 new listings and 66 homes sold.
132 New Listings
254 Sold Listings
1.1 Months of Inventory
$1.65M Median Sale Price
101% Median Sale vs List Price
32 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 12/2022 thru 12/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
40 New Listings
66 Sold Listings
2.1 Months of Inventory
$826K Median Sale Price
99% Median Sale vs List Price
San Mateo at a glance
CONDOS & TOWNHOMES
51 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN MATEO COUNTY DECEMBER 2022 - DECEMBER 2023
600 500 400 300 200 100
20 23 De c
N ov N ov
20 23
O ct 20 23 O ct 20 23
20 23 Se p
Au g Au g
20 23
Ju l2 02 3 Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
De c
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
250
200
150
100
50
CONDOS Last 12 months, year-over-year
20 23 De c
20 23
20 23 Se p
20 23
20 23 Ju n
20 23 M ay
Ap r2 02 3
20 23 M ar ch
20 23 Fe b
20 23 Ja n
De c
20 22
0
SAN MATEO COUNTY | DECEMBER 2023
$2,000,000
Single Family Homes The median sales price has increased from $1.57 Million last December 2022 to $1.65 Million in December 2023
$1,000,000
Condos & Townhomes
$500,000
Fe b
Ja n
20 22
20 23
20 23 M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se p 20 23 O ct 20 23 N ov 20 23 De c 20 23
$0 De c
MEDIAN SALES PRICE
$1,500,000
The median sales price has increased from $813k last December 2022 to $826k in December 2023
60
Single Family Homes
40
20
The average days on market has gone down from 37 days last December 2022 to 32 days in December 2023
10
Condos & Townhomes
30
20 23
De c
N ov
20 23
O ct 20 23
Se p
20 23
20 23
Au g
Ju l2 02 3
20 23 Ju n
M ay
20 23
Ap r2 02 3
M ar 20 23
20 23
Fe b
Ja n
20 22
20 23
0 De c
AVG DAYS ON MARKET
50
The average days on market last December 2022 was 48 and is now 51 in December 2023
120% 100%
Single Family Homes
80%
The overbid percentage was 99% in December 2022 and is now 101% in December 2023
60%
Condos & Townhomes
20%
20 23
De c
20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
0% De c
OVERBIDS
40%
The overbid percentage was 97% in December 2022 and is now 99% in December 2023
Alameda
County
What's in the Alameda data? Alameda’s median sold price for single-family homes decreased slightly month-to-month from $1.22 Million in November 2023 to $1.17 Million in December 2023. The number of homes sold was 479 while the number of new listings was 287. The median price for condos/ townhouses was $640k with 110 new listings and 166 homes sold.
287 New Listings
479 Sold Listings
1.0 Months of Inventory
$1.17M Median Sale Price
105% Median Sale vs List Price
23 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 12/2022 thru 12/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
110 New Listings
166 Sold Listings
1.5 Months of Inventory
$640K Median Sale Price
101% Median Sale vs List Price
Alameda
at a glance
CONDOS & TOWNHOMES
37 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
ALAMEDA COUNTY DECEMBER 2022 - DECEMBER 2023
1,000
800
600
400
200
20 23
N ov
N ov
De c
O ct 20 23
O ct 20 23
20 23
Se pt 20 23
Se pt 20 23
Au g
Au g
20 23
Ju l2 02 3
Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
De c
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
500
400
300
200
100
CONDOS Last 12 months, year-over-year
20 23 De c
20 23
20 23
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
De c
20 22
0
ALAMEDA COUNTY | DECEMBER 2023
$1,400,000
Single Family Homes
$1,200,000
The median sales price has increased from $1.05 Million in December 2022 to $1.17 Million in December 2023
$800,000 $600,000
Condos & Townhomes The median sales price has decreased from $721k last December 2022 to $640k in December 2023
$400,000 $200,000
Fe b
Ja n
20 22
20 23
20 23 M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se pt 20 23 O ct 20 23 N ov 20 23 De c 20 23
$0 De c
MEDIAN SALES PRICE
$1,000,000
50
Single Family Homes The average days on market was 32 days last December 2022 and has decreased to 23 days in December 2023
30
20
Condos & Townhomes 10
20 23
The average days on market last December 2022 was 40 days and has decreased slightly to 37 days in December 2023
De c
N ov
20 23
O ct 20 23
Se pt 20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
Ja n
20 22
20 23
0 De c
AVG DAYS ON MARKET
40
120%
Single Family Homes
100%
The overbid percentage was 101% in December 2022 and has increased to 104% in December 2023
80% 60%
Condos & Townhomes
20%
20 23
De c
20 23
N ov
O ct 20 23
Se pt 20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
0% De c
OVERBIDS
40%
The overbid percentage has was 99% last December 2022 and has increased to 101% in December 2023
San Francisco
County
What's in the San Francisco data? San Francisco's median sold price for single-family homes has stayed consistent month-tomonth at $1.53 Million in October 2023 and $1.53 Million in November 2023. The number of homes sold was 194 while the number of new listings was 101. The median price for condos/ townhouses was $1.12 Million with 117 new listings and 133 homes sold.
47 New Listings
122 Sold Listings
1.3 Months of Inventory
$1.43M Median Sale Price
103% Median Sale vs List Price
39 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
70 New Listings
130 Sold Listings
3.1 Months of Inventory
$1.06M Median Sale Price
98% Median Sale vs List Price
CONDOS & TOWNHOMES
San Francisco
at a
glance
72 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN FRANCISCO DECEMBER 2022 - DECEMBER 2023
500
400
300
200
100
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 2
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
1,000
800
600
400
200
02 3
02 3
02 3
02 3
02 2
0
CONDOS Last 12 months, year-over-year
SAN FRANCISCO COUNTY | DECEMBER 2023
$2,000,000
Single Family Homes The median sales price has decreased from $1.52 Million in December 2022 to $1.42 Million in December 2023
$1,000,000
Condos & Townhomes The median sales price has increased from $989k last December 2022 to $1.06 Million in December 2023
$500,000
20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se p 20 23 O ct 20 23 N ov 20 23 De c 20 23
20 23
M ar ch
Fe b
Ja n
20 22
20 23
$0 De c
MEDIAN SALES PRICE
$1,500,000
80
Single Family Homes The average days on market was 36 days last December 2022 and is now 40 days in December 2023
40
20
Condos & Townhomes
20 23
De c
N ov
20 23
O ct 20 23
Se p
20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar ch
20 23
20 23
Fe b
Ja n
20 22
20 23
0 De c
AVG DAYS ON MARKET
60
The average days on market last December 2022 was 71 days and is now at 72 days in December 2023
120% 100%
Single Family Homes
80%
The overbid percentage is up from 102% last December 2022 to now 103% in December 2023
60%
20%
Condos & Townhomes 20 23
De c
20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
0% De c
OVERBIDS
40%
The overbid percentage last December 2022 and this December 2023 remained at 98%
This data is sourced from MLS for the period 12/2022 thru 12/2023. 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 Thrive and Keller Williams Santa Clara Valley Each Office is independently owned and operated.