Market Update
BAY AREA | JUNE 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 decreased from $2.05 Million in May 2024 to $1.95 Million in June 2024. The number of homes sold was 820 while the number of new listings was 1,091. The median price for condos/ townhouses is at $1.95M with 497 new listings and 348 homes sold.
1,091 New Listings
820 Sold Listings
1.3 Months of Inventory $1.95M
Median Sale Price 107%
Median Sale vs List Price
15
Avg Days on Market
SINGLE FAMILY HOMES
497
New Listings
348 Sold Listings
1.8 Months of Inventory
$1.08M
Median Sale Price
104%
Median Sale vs List Price
18
Avg Days on Market
SANTA
SINGLE FAMILY HOMES
Last 12 months, year-over-year
Last 12 months, year-over-year
Single Family Homes
The median sales price increased year over year from $1 80 Million in June 2023 to $1 95 Million in June 2024
Condos & Townhomes
The median sales price increased year over year from $1.03M in June 2023 to $1.08M in June 2024
Single Family Homes
The average days on market has increased a bit from 17 days last June 2023 to only 18 days in June 2024
Condos & Townhomes
The average days on market last June 2023 was 18 days and remains the same to 18 days in June 2024
Single Family Homes
The overbid percentage has increased from 105% in June 2023 to now 107% in June 2024
Condos & Townhomes
The overbid percentage last June 2023 was 104% and remains the same of 104% in June 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 $2.29 Million in May 2024 to $1.94 Million in June 2024. The number of homes sold was 353 while the number of new listings was 426. The median price for condos/ townhouses was $1.00 Million with 149 new listings and 97 homes sold.
426 New Listings
353 Sold Listings
1.5 Months of Inventory
$1.94M
Median Sale Price 107%
Median Sale vs List Price 19
Avg Days on Market
SINGLE FAMILY HOMES
CONDOS & TOWNHOMES
149 New Listings
97 Sold Listings San Mateo at a
2.8 Months of Inventory
$1M
Median Sale Price
101%
Median Sale vs List Price
30 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 decreased from $1 95 Million last June 2023 to $1.94 Million in June 2024
Condos &
Townhomes
The median sales price has increased from $982K last June 2023 to $1M in June 2024
Single Family Homes
The average days on market was 21 in June 2023 and has slightly decreased to 19 in June 2024
Condos & Townhomes
The average days on market last June 2023 was 18 and gone up to 30 days in June 2024
Single Family Homes
The overbid percentage was 103% in June 2023 and is now 107% in June 2024
Condos & Townhomes
The overbid percentage was 103% in June 2023 and has decreased slightly to 101% in June 2024
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes slightly decreased month-to-month from $1.37 Million in May 2024 to $1.35 Million in June 2024. The number of homes sold was 713 while the number of new listings was 1,076. The median price for condos/ townhouses was $750K with 357 new listings and 197 homes sold.
1,076 New Listings
713 Sold Listings
1.7 Months of Inventory $1.35M
Median Sale Price 109%
Median Sale vs List Price
17
Avg Days on Market
SINGLE FAMILY HOMES
357 New Listings
197 Sold Listings
3.1 Months of Inventory
$750K
Median Sale Price
102%
Median Sale vs List Price
CONDOS & TOWNHOMES
24
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024
Single Family Homes
The median sales price has increased from $1.3 Million in June 2023 to $1.37 Million in June 2024
Condos & Townhomes
The median sales price has increased from $727k last June 2023 to $750k in June 2024
Single Family Homes
The average days on market was 16 days last June 2023 and has slightly increased to 17 days in June 2024
Condos & Townhomes
The average days on market last June 2023 was 21 days and has increased to only 24 days in June 2024
Single Family Homes
The overbid percentage was 110% in June 2023 and has slightly decreased to 109% in June 2024
Condos & Townhomes
The overbid percentage was 103% last June 2023 and has slightly decreased to 102% in June 2024
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes was $1.70 Million in May 2024 and decreased to $1.64 Million in June 2024. The number of homes sold was 196 while the number of new listings was 203. The median price for condos/ townhouses was $1.09 Million with 250 new listings and 161 homes sold.
San Francisco at a
250 New Listings
161 Sold Listings
4.4 Months of Inventory
$1.09M
Median Sale Price
101%
Median Sale vs List Price
CONDOS & TOWNHOMES
41
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 59 Million in June 2023 to $1 64 Million in June 2024
Condos & Townhomes
The median sales price has decreased from $1 15 Million last June 2023 to $1 09 Million in June 2024
Single Family Homes
The average days on market was 24 days last June 2023 and is now 29 days in June 2024
Condos & Townhomes
The average days on market last June 2023 was 47 days and is now at 41 days in June 2024
Single Family Homes
The overbid percentage is up from 109% last June 2023 to now 114% in June 2024
Condos & Townhomes
The overbid percentage last June 2023 was 101% and remains the same of 101% in June 2024
This data is sourced from MLS for the period 7/2023 thru 7/2024. 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