Market Update
South Bay Area | February 2023
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 decreased slightly from last month, $1.5 Million in Jan. 2023 to $1.4 Million in Feb. 2023. The number of homes sold was 356 while the number of new listings was 708. The median price for condos/ townhouses is at $845k with 270 new listings and 185 homes sold.
708 New Listings
356 Sold Listings
2 Months of Inventory
$1.47M Median Sale Price 100.9% Median Sale vs List Price 33 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 2/2022 thru 2/2023 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 Silicon City Each Office is independently owned and operated
270 New Listings
185 Sold Listings
1.5 Months of Inventory
$845K Median Sale Price
100.9% Median Sale vs List Price
34 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
Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2022 1,500 1,000 500 0
SINGLE FAMILY HOMES
CLARA | FEBRUARY 2022 - FEBRUARY 2023 Feb2022 Mar2022 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 750 500 250 0
SANTA
Single Family Homes
The median sales price is down from $1.80 Million in Feb. 2022 to $1 47 Million in Feb 2023
Condos & Townhomes
The median sales price has decreased from Feb 2022 at $985k to Feb 2023 at $845k
Single Family Homes
The average days on market has gone up from 14 days last Feb 2022 to 33 days in Feb 2023
Condos & Townhomes
The average days on market last Feb 2022 was 16 days and has increased to 34 days in Jan 2023
Single Family Homes
The overbid percentage has decreased from 116% in Feb 2022 to now 100% in Jan 2023
Condos & Townhomes
The overbid percentage has gone down from 109% last Feb 2022 to 100% a year later in Feb 2023
A V G D A Y S O N M A R K E T Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023 $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 | FEBRUARY 2023
Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 40 30 20 10 0
Feb2022March2022Apr2022May2022June2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 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 $1.49 Million in Jan. 2023 to $1.95 Million in Feb. 2023. The number of homes sold was 177 while the number of new listings was 289. The median price for condos/ townhouses was $980k with 116 new listings and 73 homes sold.
289 New Listings
177 Sold Listings
2.0 Months of Inventory
$1.95M Median Sale Price 99.6% Median Sale vs List Price 32 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 2/2022 thru 2/2023 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 Silicon City Each Office is independently owned and operated
CONDOS & TOWNHOMES
116 New Listings
73 Sold Listings
2.1 Months of Inventory
$980K Median Sale Price
99.0% Median Sale vs List Price
43 Avg Days on Market
glance
San Mateo at a
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Feb2022 Mar2022 Apr2022 May2022 June2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 750 500 250 0 SINGLE FAMILY HOMES
MATEO FEBRUARY 2022 - FEBRUARY 2023 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 300 200 100 0
LISTINGS FOR SALE VS SOLD LISTINGS SAN
Single Family Homes
The median sales price is consistent from Feb 2022 and Feb 2023 at $1 9 Million
Condos & Townhomes
The median sales price has decreased from $1 01 Million last Feb 2022 to $980k in Jan 2023
Single Family Homes
The average days on market is up from 15 days last Feb 2022 to 32 days in Feb 2023
Condos & Townhomes
The average days on market last Feb 2022 was 24 days and now is up to an average of 43 days in Feb 2023
Single Family Homes
The overbid percentage has gone down from 115% last Feb 2022 to now 99% in Feb 2023
Condos & Townhomes
The overbid percentage has gone down from 107% last Feb 2022 to 99% a year later
A V G D A Y S O N M A R K E T Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023 $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 | FEBRUARY2023 Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 60 40 20 0 Feb2022Mar2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 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 $1.07 Million in Feb. 2023. The number of homes sold was 397 while the number of new listings was 619. The median price for condos/ townhouses was $701k with 255 new listings and 148 homes sold.
619 New Listings
397 Sold Listings
1.6 Months of Inventory
$1.07M Median Sale Price
104.6% Median Sale vs List Price 29 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 2/2022 thru 2/2023 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 Silicon City Each Office is independently owned and operated
Alameda at a glance
CONDOS & TOWNHOMES
255 New Listings
148 Sold Listings
1.9 Months of Inventory
$701K Median Sale Price
99.8% Median Sale vs List Price
36 Avg Days on Market
LISTINGS FOR SALE VS SOLD LISTINGS
ALAMEDA FEBRUARY 2022 - FEBRUARY 2023
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 2,000 1,500 1,000 500 0
SINGLE FAMILY HOMES
Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 750 500 250 0
Single Family Homes
The median sales price has decreased from $1.3 Million in Feb. 2022 to $1.0 Million in Feb. 2023
Condos & Townhomes
The median sales price has slightly decreased from $705k last Feb 2022 to $701k in Feb 2023
Single Family Homes
The average days on market was 16 days last Feb 2022 and is now up to 29 days in Feb 2023
Condos & Townhomes
The average days on market last Feb 2022 was 26 days and is now up to 36 days in Feb 2023
Single Family Homes
The overbid percentage is down from 118% last Feb 2022 to now 104% in Feb. 2023
Condos & Townhomes
The overbid percentage has gone down from 107% last Feb 2022 to 99% a year later in Feb 2023
A V G D A Y S O N M A R K E T Feb2022March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023 $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 | FEBRUARY 2023 Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 50 40 30 20 10 0 Feb2022March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 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 $1.3 Million in Jan. 2023 to $1.4 Million in Feb. 2023. The number of homes sold was 98 while the number of new listings was 176. The median price for condos/ townhouses was $1.2 Million with 271 new listings and 118 homes sold.
176 New Listings
98 Sold Listings
2.7 Months of Inventory
$1.43M Median Sale Price
103.8% Median Sale vs List Price 31 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 2/2022 thru 2/2023 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 Silicon City Each Office is independently owned and operated
271 New Listings
118 Sold Listings
4.7 Months of Inventory
$1.2OM Median Sale Price
99.3% Median Sale vs List Price
56 Avg Days on Market
San Francisco at a glance
CONDOS & TOWNHOMES
LISTINGS FOR SALE VS SOLD LISTINGS
Last
CONDOS
Last 12 months, year-over-year
Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 500 400 300 200 100 0 SINGLE FAMILY HOMES
12 months, year-over-year
SAN FRANCISCO FEBRUARY 2022 - FEBRUARY 2023 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 1,250 1,000 750 500 250 0
Single Family Homes
The median sales price has decreased from $1.9 Million in Feb. 2022 to $1.4 Million in Feb. 2023
Condos & Townhomes
The median sales price has slightly decreased from $1 24 Million last Feb 2022 to $1 20 Million in Feb 2023
Single Family Homes
The average days on market was 19 days last Feb 2022 and is now up to 31 days in Feb 2023
Condos & Townhomes
The average days on market last Feb 2022 was 34 days and is now up to 56 days in Feb 2023
Single Family Homes
The overbid percentage is down from 121% last Feb 2022 to now 103% in Feb. 2023
Condos & Townhomes
The overbid percentage has gone down from 106% last Feb 2022 to 99% a year later in Feb 2023
A V G D A Y S O N M A R K E T Feb2022March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023 $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 | FEBRUARY 2023 Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 80 60 40 20 0 Feb2022March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023 125% 100% 75% 50% 25% 0%
This data is sourced from MLS for the period 02/2022 thru 02/2023. 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 Silicon City Each Office is independently owned and operated
