December '24 THRIVE & SCV Market Report-compressed

Page 1


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 from $1.7 Million in December 2023 to $1.8 Million in December 2024. The number of homes sold was 562 while the number of new listings was 388. The median price for condos/ townhouses is at $1.03 Million with 143 new listings and 279 homes sold.

388 New Listings

562 Sold Listings

0.9 Months of Inventory $1.8M

Median Sale Price 104.7%

Median Sale vs List Price

26

Avg Days on Market

SINGLE FAMILY HOMES

143 New Listings

279 Sold Listings

1.3 Months of Inventory

$1.03M

Median Sale Price

101%

Median Sale vs List Price

36

Avg Days on Market

SANTA CLARA COUNTY

SINGLE FAMILY HOMES

Last 12 months, year-over-year

Last 12 months, year-over-year

Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024July2024Aug2024Sept2024Oct2024Nov2024Dec2024

Single Family Homes

The median sales price increased year over year, from $1.7 million in December 2023 to $1.805 million in December 2024.

Condos & Townhomes

The median sales price increased year-over-year from $880K in December 2023 to $1.03 million in December 2024.

Single Family Homes

The average days on market increased to 20 days in December 2023 and 26 days in December 2024

Condos & Townhomes

The average days on market in December 2023 was 31 days and increased to 36 days in December 2024

Single Family Homes

The overbid percentage has increased from 102 9%% in December 2023 to now 104 6% in December 2024

Condos & Townhomes

The overbid percentage in December 2023 was 100 4% and increased to 101 1% in December 2024

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 $1.66 Million in December 2023 to $1.72 Million in December 2024. The number of homes sold was 237 while the number of new listings was 125. The median price for condos/ townhouses was $885K with 45 new listings and 101 homes sold.

125 New Listings

Sold Listings

Months of Inventory

Median Sale Price

Median Sale vs List Price

Avg Days on Market

CONDOS & TOWNHOMES

45 New Listings

101 Sold Listings San Mateo

1.5 Months of Inventory

$885K

Median Sale Price

100.2%

Median Sale vs List Price

52

Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year CONDOS

Last 12 months, year-over-year

Single Family Homes

The median sales price has increased from $1 66 million in December 2023 to $1.72 million in December 2024.

Condos & Townhomes

The median sales price has increased from $826 5 last December 2023 to $885K in December 2024

Single Family Homes

The average days on market was 32 in December 2023 and has increased to 34 in December 2024.

Condos & Townhomes

The average days on market last December 2023 was 51 and gone up to 52 days in December 2024

Single Family Homes

The overbid percentage was 101 6% in December 2023 and is now 104 1% in December 2024

Condos & Townhomes

The overbid percentage was 99 6% in December 2023 has increased to 100 2% in December 2024

Alameda County

What's in the Alameda data?

Alameda’s median sold price for single-family homes slightly increased month-to-month from $1.17 Million in December 2023 to $1.18 Million in December 2024. The number of homes sold was 576 while the number of new listings was 321. The median price for condos/ townhouses was $799K with 143 new listings and 168 homes sold.

CONDOS & TOWNHOMES

143 New Listings

168 Sold Listings

171 Months of Inventory

$799K

Median Sale Price

99.8%

Median Sale vs List Price

44

Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024

Single Family Homes

The median sales price has increased from $1.17 Million in December 2023 to $1.18 Million in December 2024

Condos & Townhomes

The median sales price has increased from $640K last December 2023 to $799K in December 2024

Single Family Homes

The average days on market was 23 days last December 2023 and has increased to 34 days in December 2024

Condos & Townhomes

The average days on market last December 2023 was 37 days and has increased to only 44 days in December 2024

Single Family Homes

The overbid percentage was 104 8% in December 2023 and has slightly increased to 105 5% in December 2024

Condos & Townhomes

The overbid percentage was 101% last December 2023 and has slightly decreased to 99 8% in December 2024

San Francisco County

What's in the San Francisco data?

San Francisco's median sold price for single-family homes was $1.43 Million in December 2023 and increased to $1.53 Million in December 2024. The number of homes sold was 136 while the number of new listings was 81. The median price for condos/ townhouses was $1.05 Million with 68 new listings and 140 homes sold.

81 New Listings 1.1 Months of Inventory

Median Sale Price

Median Sale vs List Price

Avg Days on Market 136 Sold Listings

San Francisco at a

68 New Listings

140 Sold Listings

2.8 Months of Inventory

$1.05M

Median Sale Price

97.8%

Median Sale vs List Price

76

Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024

Single Family Homes

The median sales price has increased from $1 43 million in December 2023 to $1 53 million in December 2024

Condos & Townhomes

The median sales price has increased from $1 05 million in December 2023 to $1 05 million in December 2024

Single Family Homes

The average days on market was 40 days last December 2023 and is now 32 days in December 2024

Condos & Townhomes

The average days on market last December 2023 was 78 days and is now at 76 days in December 2024

Single Family Homes

The overbid percentage is up from 104% last December 2023 to now 112 1% in December 2024

Condos & Townhomes

The overbid percentage last December 2023 was 98.7% and decreased to 97.8% in December 2024

This data is sourced from MLS for the period 1/2024 thru 1/2025. 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

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