Market Update
BAY AREA | FEBRUARY 2024
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 $1.70 Million in January 2024 to $1.80 Million in February 2024. The number of homes sold was 448 while the number of new listings was 853. The median price for condos/ townhouses is at $912k with 378 new listings and 239 homes sold.
SINGLE FAMILY HOMES 853 New Listings 1.5 Months of Inventory $1.80M Median Sale Price 107% Median Sale vs List Price 20 Avg Days on Market 448 Sold Listings This data is sourced from MLS for the period 2/2023 thru 2/2024 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
Santa Clara at a
CONDOS & TOWNHOMES
378 New Listings
239 Sold Listings
1.5 Months of Inventory
$912K
Median Sale Price
103%
Median Sale vs List Price
24
Avg Days on Market
glance
Last
CONDOS
Last
Feb2022 March2023 April2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000 SINGLE FAMILY HOMES
12 months, year-over-year
12
LISTINGS FOR SALE VS SOLD LISTINGS SANTA CLARA COUNTY | FEBRUARY 2023 - FEBRUARY 2024 Feb2023 March2023 April2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 100 200 300 400 500
months, year-over-year
Single Family Homes
The median sales price increased year over year from $1 47 Million in February 2023 to $1 80 Million in February 2024
Condos & Townhomes
The median sales price increased year over year from $845K in February 2023 to $912K in February 2024
Single Family Homes
The average days on market has gone down from 33 days last February 2023 to only 20 days in February 2024
Condos & Townhomes
The average days on market last February 2023 was 34 days and has decreased to only 24 days in February 2024
Single Family Homes
The overbid percentage has increased from 100% in February 2023 to now 107% in February 2024
Condos & Townhomes
The overbid percentage has slightly increased from 100% last February 2023 to 103% a year later in February 2024
A V G D A Y S O N M A R K E T Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 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 2024
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024 0 10 20 30 40
Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 00% 200% 400% 600% 800% 1000% 1200%
San Mateo County
What's in the San Mateo data?
San Mateo's median sold price for single-family homes increased month-to-month from $1.85 Million in January 2024 to $1.90 Million in February 2024. The number of homes sold was 209 while the number of new listings was 341. The median price for condos/ townhouses was $929K with 148 new listings and 86 homes sold.
SINGLE FAMILY HOMES 341 New Listings 1.7 Months of Inventory $1.90M Median Sale Price 104% Median Sale vs List Price 27 Avg Days on Market 209 Sold Listings This data is sourced from MLS for the period 2/2023 thru 2/2024 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
148 New Listings
86 Sold Listings
2.1 Months of Inventory
$929K
Median Sale Price
100%
Median Sale vs List Price
San Mateo at a
CONDOS & TOWNHOMES
37
Avg Days on Market
glance
Last 12 months, year-over-year
Last 12 months, year-over-year
Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 100 200 300 400 500 600 SINGLE FAMILY HOMES
CONDOS
LISTINGS FOR SALE VS SOLD LISTINGS SAN MATEO COUNTY FEBRUARY 2023 - FEBRUARY 2024 Feb2023 March2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 50 100 150 200 250
Single Family Homes
The median sales price has slightly decreased from $1 95 Million last February 2023 to $1.90 Million in February 2024
Condos & Townhomes
The median sales price has decreased from $980k last February 2023 to $929k in February 2024
Single Family Homes
The average days on market has was 32 in February 2023 and has slightly decreased to 27 in February 2024
Condos & Townhomes
The average days on market last February 2023 was 43 and has decreased to only 37 in February 2024
Single Family Homes
The overbid percentage was 99% in February 2023 and is now 104% in February 2024
Condos & Townhomes
The overbid percentage was 99% in February 2023 and increased to 100% in February 2024
A V G D A Y S O N M A R K E T Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 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 | FEBRUARY 2024 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024Feb2024 0 10 20 30 40 50 60 70 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 00% 200% 400% 600% 800% 1000% 1200%
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes increased month-to-month from $1.10 Million in January 2024 to $1.30 Million in February 2024. The number of homes sold was 440 while the number of new listings was 749. The median price for condos/ townhouses was $743k with 335 new listings and 173 homes sold.
SINGLE FAMILY HOMES 749 New Listings 1.5 Months of Inventory $1.30M Median Sale Price 108% Median Sale vs List Price 22 Avg Days on Market 440 Sold Listings This data is sourced from MLS for the period 2/2023 thru 2/2024 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
335 New Listings
173 Sold Listings
2.3 Months of Inventory
$743K
Median Sale Price
102%
Median Sale vs List Price
Alameda at a
glance
CONDOS & TOWNHOMES
23
Avg Days on Market
Last
Last 12 months, year-over-year
Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000 SINGLE FAMILY HOMES
12
months, year-over-year CONDOS
LISTINGS FOR SALE VS SOLD LISTINGS ALAMEDA COUNTY FEBRUARY 2023 - FEBRUARY 2024 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 100 200 300 400 500
Single Family Homes
The median sales price has increased from $1.07 Million in February 2023 to $1.30 Million in February 2024
Condos & Townhomes
The median sales price has increased from $701k last February 2023 to $743k in February 2024
Single Family Homes
The average days on market was 29 days last February 2023 and has decreased to 22 days in February 2024
Condos & Townhomes
The average days on market last February 2023 was 36 days and has decreased to only 23 days in February 2024
Single Family Homes
The overbid percentage was 104% in February 2023 and has increased to 108% in February 2024
Condos & Townhomes
The overbid percentage was 99% last February 2023 and has increased to 102% in February 2024
A V G D A Y S O N M A R K E T Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 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 2024 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024 0 10 20 30 40 50 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024 00% 200% 400% 600% 800% 1000% 1200%
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 $1.57 Million in January 2024 and $1.58 Million in February 2024. The number of homes sold was 137 while the number of new listings was 230. The median price for condos/ townhouses was $1.22 Million with 331 new listings and 153 homes sold.
This data is sourced from MLS for the period 2/2023 thru 2/2024 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
San Francisco at a
glance
CONDOS & TOWNHOMES
331 New Listings
153 Sold Listings
3.8 Months of Inventory
$1.22M
Median Sale Price
99%
Median Sale vs List Price
44 Avg Days on Market
Last 12 months, year-over-year CONDOS
Last 12 months, year-over-year
Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 100 200 300 400 500 SINGLE FAMILY HOMES
LISTINGS FOR SALE VS SOLD LISTINGS SAN FRANCISCO FEBRUARY 2023 - FEBRUARY 2024 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 0 200 400 600 800 1000
Single Family Homes
The median sales price has increased from $1.43 Million in February 2023 to $1.58 Million in February 2024
Condos & Townhomes
The median sales price has increased from $1 20 Million last February 2023 to $1 22 Million in February 2024
Single Family Homes
The average days on market was 31 days last February 2023 and is now 33 days in February 2024
Condos & Townhomes
The average days on market last February 2023 was 56 days and is now at 44 days in February 2024
Single Family Homes
The overbid percentage is up from 103% last February 2023 to now 108% in January 2024
Condos & Townhomes
The overbid percentage last February 2023 and this February 2024 remained at 99%
A V G D A Y S O N M A R K E T Feb2023March2023Apr2023May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 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 2024 Feb2023March2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 0 20 40 60 80 Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024 00% 200% 400% 600% 800% 1000% 1200%
This data is sourced from MLS for the period 2/2023 thru 2/2024. 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
