Single-family home prices rose by $100K YoY, showing strong demand despite economic shifts.
Condos & townhomes dipped slightly, indicating a shift in buyer preference toward single-family homes.
Market Speed & Competition
Homes sell fast, with a slight increase in days on market.
Overbidding remains strong (104.5% for single-family, 101.3% for condos).
Condos take longer to sell (45 days vs. 38 last year).
Inventory & Market Conditions
Low inventory fuels competition for single-family homes (1.8 months).
Condos & townhomes have more supply (2.9 months), giving buyers more negotiating power.
What This Means for Buyers & Sellers
For Sellers:
Now is a great time to sell. Single-family homes are in high demand, with rising prices and multiple offers.
Low inventory gives you an edge. With only 1.8 months of supply, sellers can expect competitive offers.
Condos & townhomes may take longer to sell. While still selling above asking, they’re spending more time on the market—pricing and presentation are key.
For Buyers:
Single-family homes are competitive. Expect bidding wars and over-asking prices—preapproval and a strong offer are musts.
Condos & townhomes offer more flexibility. With slightly lower prices and longer days on market, buyers have more room to negotiate.
Act fast, but be strategic. The market remains strong, and well-priced homes still move quickly.
784 New Listings
379 Sold Listings
1.8 Months of Inventory $1.8M Median Sale Price 104.5% Median Sale vs List Price 25 Avg Days on Market
SINGLE FAMILY HOMES
504
New Listings
182 Sold Listings
2.9 Months of Inventory
$915K
Median Sale Price
101.3%
Median Sale vs List Price
45
Avg Days on Market
SANTA CLARA COUNTY | FEBRUARY 2024 - FEBRUARY 2025
The median sales price increased year over year, from $1.7 million in January 2024 to $1.8 million in January 2025.
Condos & Townhomes
The median sales price decreased year-over-year from $922K in January 2024 to $915K in January 2025.
Single Family Homes
The average days on market increased to 24 days in January 2024 and 25 days in January 2025
Condos & Townhomes
The average days on market in January 2024 was 38 days and increased to 45 days in January 2025.
Single Family Homes
The overbid percentage has increased from 103 1% in January 2024 to now 104 5% in January 2025
Condos & Townhomes
The overbid percentage in January 2024 was 101% and increased to 101 3% in January 2025
San Mateo County
What's in the San Mateo County data?
Pricing Trends & Buyer Demand
Single-family home prices dipped slightly to $1.8M (from $1.84M last year), signaling a slight market adjustment.
Condos & townhomes surged, with median prices rising from $772K to $914K, reflecting increased demand for more affordable housing options.
Market Speed & Competition
Homes are still moving, with an average of 37 days on market (down from 41 last year).
Overbidding is rising, with single-family homes selling at 103.9% of the list price (up from 100.3%) and condos at 99.7% (up from 98.6%).
Condos take longer to sell, holding steady at 61 days on market year-over-year.
Inventory & Market Conditions
Single-family homes remain competitive, with 2.3 months of inventory, giving sellers an advantage.
Condos & townhomes have 4.1 months of inventory, signaling a more balanced market where buyers have more room to negotiate.
What This Means for Buyers & Sellers
For Sellers:
Now is still a strong time to sell. Single-family homes are seeing strong buyer competition, with overbidding rising to 103.9% of the list price.
Condos & townhomes are in demand. Prices have jumped significantly, making this a great time for condo owners to sell.
Market timing matters. While single-family prices dipped slightly, low inventory still gives sellers the upper hand.
For Buyers:
Single-family homes remain competitive. Expect bidding wars and limited choices, so come prepared with strong financing.
Condos offer more inventory and opportunity. With more supply and a longer time on market, buyers may find better deals in this segment.
Act strategically. The market remains active, and well-priced homes will still move quickly.
357 New Listings 2.3 Months of Inventory
Median Sale Price
Median Sale vs List Price
Avg Days on Market 155 Sold Listings
SINGLE FAMILY HOMES
CONDOS & TOWNHOMES
146 New Listings
50 Sold Listings
4.1 Months of Inventory
$914K
Median Sale Price
99.7%
Median Sale vs List Price
61
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
$2,500,000
$2,000,000
$1,500,000
$1,000,000
Single Family Homes
The median sales price has decreased from $1 84 million in January 2024 to $1.8 million in January 2025.
Condos & Townhomes
The median sales price has increased from $772K last January 2024 to $914K in January 2025
Single Family Homes
The average days on market was 41 in January 2024 and has decreased to 37 in January 2025.
Condos & Townhomes
The average days on market in January 2024 was 61 and remained the same at 61 days in January 2025
Single Family Homes
The overbid percentage was 100 3% in January 2024 and is now 103 9% in January 2025
Condos & Townhomes
The overbid percentage was 98 6% in January 2024 has increased to 99 7% in January 2025
Alameda County
What's in the A
Pricing Trends & Buyer Demand
Single-family home prices edged up to $1.12M (from $1.1M last year), reflecting continued buyer demand.
Condos & townhomes dipped slightly, with median prices decreasing from $690K to $680K, signaling softer demand in this segment.
Market Speed & Competition
Homes are still selling quickly, with single-family homes averaging 35 days on market (up from 34 last year).
Overbidding remains strong for single-family homes at 103.3%, though slightly lower than last year (103.8%).
Condos are taking longer to sell, averaging 53 days on market (up from 50), with overbidding slipping to 98.9% (down from 100%).
Inventory & Market Conditions
Single-family home inventory sits at 2.5 months, keeping the market competitive for sellers.
Condos & townhomes have 3.6 months of inventory, creating more opportunities for buyers to negotiate.
What This Means for Buyers
& Sellers
For Sellers:
Single-family homes remain in demand. Prices have inched up, and homes are still selling over asking at 103.3% of the list price.
Condos & townhomes require a strategic approach. Prices dipped slightly, and homes are taking longer to sell—proper pricing and marketing will be key.
Inventory is still low. With 2.5 months of supply for single-family homes, sellers continue to have the upper hand in negotiations.
For Buyers:
Expect competition for single-family homes. Prices are rising, and homes are selling quickly—strong financing and a solid offer strategy are essential.
Condos & townhomes offer better opportunities. With more inventory and slightly softer pricing, buyers may find more room for negotiation.
Market conditions favor decisive action. While some segments are cooling, well-priced homes will still attract attention—being prepared to act fast is crucial.
The median sales price has increased from $1.1 Million in January 2024 2023 to $1.12 Million in January 2025.
Condos & Townhomes
The median sales price has decreased from $690K last January 2024 to $680K in January 2025
Single Family Homes
The average days on market was 34 days last January 2024 and has increased to 35 days in January 2025
Condos & Townhomes
The average days on market last January 2024 was 50 days and has increased to only 53 days in January 2025
Single Family Homes
The overbid percentage was 103 8% in January 2024 and has slightly decreased to 103 3% in January 2025
Condos & Townhomes
The overbid percentage was 100% last January 2024 and has slightly decreased to 98 9% in January 2025
San Francisco County
What's in the S
Pricing Trends & Buyer Demand
Single-family home prices dipped to $1.42M (down from $1.58M last year), signaling a cooling market.
Condos & townhomes also softened, with median prices dropping from $1.15M to $990K, making them more affordable.
Market Speed & Competition
Single-family homes are still moving, with an average of 42 days on market (slightly up from 40).
Overbidding remains strong, with single-family homes selling at 105.5% of the list price (up from 104.6%).
Condos are taking even longer to sell, now averaging 85 days on market (up from 74), though overbidding has inched up to 98.7%.
Inventory & Market Conditions
Single-family home inventory is tight at 1.8 months, keeping competition high for wellpriced homes.
Condos & townhomes have 4.4 months of inventory, signaling a more buyer-friendly market with room for negotiation.
What
This Means for Buyers & Sellers
For Sellers:
Single-family homes remain competitive. Overbidding is up to 105.5% of the list price, and limited inventory keeps demand strong.
Condos & townhomes require patience. Prices have dipped, and the average time on the market has increased to 85 days, making pricing and marketing crucial.
Strategic timing matters. While prices have softened, well-presented and competitively priced homes can still attract serious buyers.
For Buyers:
More opportunities in the condo market. With 4.4 months of inventory and longer days on market, buyers have more negotiating power.
Single-family homes remain competitive. Low inventory and strong demand mean buyers should be prepared to act quickly.
Market conditions favor well-prepared buyers. While some segments have softened, well-priced homes still attract multiple offers—having financing in place is key.
The median sales price has decreased from $1 58 million in January 2024 to $1 42 million in January 2025
Condos & Townhomes
The median sales price has decreased from $1 15 million in January 2024 to $990K in January 2025
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 January 2024 was 74 days and is now at 85 days in January 2025.
Single Family Homes
The overbid percentage is up from 104 6% last January 2024 to now 105 5% in January 2025
Condos & Townhomes
The overbid percentage last January 2024 was 97% and increased to 98.7% in January 2025.
This data is sourced from MLS for the period 2/2024 thru 2/2025. 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
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