Market Update BAY AREA | JANUARY 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 remained the same month to month, $1.70 Million in December 2023 and January 2024. The number of homes sold was 359 while the number of new listings was 647. The median price for condos/ townhouses is at $920k with 348 new listings and 151 homes sold.
647 New Listings
359 Sold Listings
1.6 Months of Inventory
$1.70M Median Sale Price
103% Median Sale vs List Price
24 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 1/2023 thru 1/2024. 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.
348 New Listings
151 Sold Listings
2.2 Months of Inventory
$920K Median Sale Price
101% Median Sale vs List Price
Santa Clara at a glance
CONDOS & TOWNHOMES
38 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SANTA CLARA COUNTY | JANUARY 2023 - JANUARY 2024
1,000
800
600
400
200
20 24 Ja n
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
Ju n
20 23
20 23 M ay
Ap ril 20 23
20 23 M ar ch
Fe b
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 24 Ja n
20 23
20 23
20 23 De c
Ju n
20 23
20 23 M ay
Ap ril 20 23
20 23 M ar ch
20 23 Fe b
Ja n
20 23
0
SANTA CLARA | JANUARY 2024
$2,000,000
Single Family Homes
$1,000,000
The median sales price increased year over year from $1.50 Million in January 2023 to $1.70 Million in January 2024
$500,000
Condos & Townhomes
Fe b
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 Ja n 20 24
20 23
$0
Ja n
MEDIAN SALES PRICE
$1,500,000
The median sales price increased year over year from $850K in January 2023 to $920K in January 2024
40
Single Family Homes The average days on market has gone down from 36 days last January 2023 to 24 days in January 2024
20
20 24 Ja n
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
20 23
0
The average days on market last January 2023 was 33 days and has increased to 38 days in January 2024
Ap r2 02 3 M ay 20 23 Ju n 20 23
Condos & Townhomes
20 23
10
Ja n
AVG DAYS ON MARKET
30
120%
Single Family Homes
100%
The overbid percentage has increased from 98% in January 2023 to now 103% in January 2024
80% 60%
Condos & Townhomes
20%
20 24 Ja n
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
0%
Ja n
OVERBIDS
40%
The overbid percentage has slightly increased from 99% last January 2023 to 101% a year later in January 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 $1.65 Million in December 2023 to $1.85 Million in January 2024. The number of homes sold was 143 while the number of new listings was 319. The median price for condos/ townhouses was $772K with 111 new listings and 60 homes sold.
319 New Listings
143 Sold Listings
2.4 Months of Inventory
$1.85M Median Sale Price
100% Median Sale vs List Price
41 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 1/2023 thru 1/2024. 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.
111 New Listings
60 Sold Listings
2.4 Months of Inventory
$772K Median Sale Price
98% Median Sale vs List Price
San Mateo at a glance
CONDOS & TOWNHOMES
61 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN MATEO COUNTY JANUARY 2023 - JANUARY 2024
600 500 400 300 200 100
20 24 Ja n
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
Ja n
20 23
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
250
200
150
100
50
CONDOS Last 12 months, year-over-year
20 24 Ja n
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
Ja n
20 23
0
SAN MATEO COUNTY | JANUARY 2024
$2,000,000
Single Family Homes The median sales price has increased from $1.49 Million last January 2023 to $1.85 Million in January 2024
$1,000,000
Condos & Townhomes
$500,000
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 Ja n 20 24
Fe b
20 23
20 23
$0
Ja n
MEDIAN SALES PRICE
$1,500,000
The median sales price has decreased from $865k last January 2023 to $772k in January 2024
70
Single Family Homes
50
The average days on market has remained at 41 days in January 2023 and January 2024
40 30 20
Condos & Townhomes
10
20 24 Ja n
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
Fe b
20 23
20 23
0
Ja n
AVG DAYS ON MARKET
60
The average days on market last January 2023 was 52 and is now 61 in January 2024
120% 100%
Single Family Homes 80%
The overbid percentage was 98% in January 2023 and is now 100% in January 2024
60%
Condos & Townhomes
20%
20 24 Ja n
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
0%
Ja n
OVERBIDS
40%
The overbid percentage remained at 98% in January 2023 and January 2024
Alameda
County
What's in the Alameda data? Alameda’s median sold price for single-family homes decreased slightly month-to-month from $1.17 Million in December 2023 to $1.10 Million in January 2024. The number of homes sold was 320 while the number of new listings was 681. The median price for condos/ townhouses was $692k with 299 new listings and 108 homes sold.
681 New Listings
320 Sold Listings
1.9 Months of Inventory
$1.10M Median Sale Price
104% Median Sale vs List Price
34 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 1/2023 thru 1/2024. 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.
299 New Listings
108 Sold Listings
3.1 Months of Inventory
$692K Median Sale Price
100% Median Sale vs List Price
Alameda
at a glance
CONDOS & TOWNHOMES
49 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
ALAMEDA COUNTY JANUARY 2023 - JANUARY 2024
1,000
800
600
400
200
20 24 Ja n
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
Ju n
20 23
20 23 M ay
Ap r2 02 3
M ar 20 23
Fe b
Ja n
20 23
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 24 Ja n
20 23
20 23
20 23 De c
Ju n
20 23
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
Ja n
20 23
0
ALAMEDA COUNTY | JANUARY 2024
$1,400,000
Single Family Homes
$1,200,000
The median sales price has increased from $1.02 Million in January 2023 to $1.10 Million in January 2024
$800,000 $600,000
Condos & Townhomes
$400,000
The median sales price has slightly decreased from $699k last January 2023 to $692k in January 2024
$200,000
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 Ja n 20 24
Fe b
20 23
20 23
$0
Ja n
MEDIAN SALES PRICE
$1,000,000
50
Single Family Homes The average days on market was 37 days last January 2023 and has decreased to 34 days in January 2024
30
20
Condos & Townhomes 10
20 24 Ja n
20 23
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
Fe b
20 23
20 23
0
Ja n
AVG DAYS ON MARKET
40
The average days on market last January 2023 was 45 days and has increased slightly to 49 days in January 2024
120%
Single Family Homes
100%
The overbid percentage was 101% in January 2023 and has increased to 104% in January 2024
80% 60%
Condos & Townhomes
20%
20 24 Ja n
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
0%
Ja n
OVERBIDS
40%
The overbid percentage has was 98% last January 2023 and has increased to 100% in January 2024
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 $1.42 Million in December 2023 and $1.57 Million in January 2024. The number of homes sold was 91 while the number of new listings was 192. The median price for condos/ townhouses was $1.14 Million with 308 new listings and 92 homes sold.
192 New Listings
91 Sold Listings
2.2 Months of Inventory
$1.57M Median Sale Price
104% Median Sale vs List Price
53 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 1/2023 thru 1/2024. 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.
308 New Listings
92 Sold Listings
5.4 Months of Inventory
$1.14M Median Sale Price
97% Median Sale vs List Price
CONDOS & TOWNHOMES
San Francisco
at a
glance
74 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN FRANCISCO JANUARY 2023 - JANUARY 2024
500
400
300
200
100
20 24 Ja n
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
Ju n
20 23
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
Ja n
20 23
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
1,000
800
600
400
200
CONDOS Last 12 months, year-over-year
20 24 Ja n
20 23 De c
20 23
20 23
20 23 Se p
Ju n
20 23
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
Ja n
20 23
0
SAN FRANCISCO COUNTY | JANUARY 2024
$2,000,000
Single Family Homes The median sales price has increased from $1.38 Million in January 2023 to $1.57 Million in January 2024
$1,000,000
Condos & Townhomes The median sales price has increased from $1.04 Million last January 2023 to $1.14 Million in January 2024
$500,000
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 Ja n 20 24
20 23
20 23
Fe b
M ar ch
20 23
$0
Ja n
MEDIAN SALES PRICE
$1,500,000
80
Single Family Homes The average days on market was 46 days last January 2023 and is now 53 days in January 2024
40
Condos & Townhomes
20
The average days on market last January 2023 was 79 days and is now at 74 days in January 2024 20 24 Ja n
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
20 23
M ar ch
Fe b
20 23
20 23
0
Ja n
AVG DAYS ON MARKET
60
120%
Single Family Homes
100%
The overbid percentage is up from 103% last January 2023 to now 104% in January 2024
80% 60%
Condos & Townhomes The overbid percentage last January 2023 and this January 2024 remained at 97%
20%
20 24 Ja n
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
0%
Ja n
OVERBIDS
40%
This data is sourced from MLS for the period 1/2023 thru 1/2024. 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.