Market Update
BAY AREA | MARCH 2024
Alameda
Santa Clara
San Mateo
San Francisco
Santa Clara County
What's in the Santa Clara data?
Santa Clara’s median sold price for single-family homes increased from $1.80 Million in February 2024 to $1.90 Million in March 2024. The number of homes sold was 659 while the number of new listings was 1,006. The median price for condos/ townhouses is at $970k with 481 new listings and 282 homes sold.
SINGLE FAMILY HOMES
1,006 New Listings 1.0 Months of Inventory $1.90M Median Sale Price 108% Median Sale vs List Price 15 Avg Days on Market 659 Sold Listings This data is sourced from MLS for the period 3/2023 thru 3/2024 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
CONDOS & TOWNHOMES Santa Clara at a glance 481 New Listings 1.3 Months of Inventory $970K Median Sale Price 105% Median Sale vs List Price 21 Avg Days on Market 282 Sold Listings
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 200 400 600 800 1000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE VS SOLD LISTINGS
CLARA COUNTY | MARCH 2023 -
2024 0 100 200 300 400 500 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
SANTA
MARCH
Single Family Homes
The median sales price increased year over year from $1 67 Million in March 2023 to $1 90 Million in March 2024
Condos & Townhomes
The median sales price increased year over year from $948K in March 2023 to $970K in March 2024
Single Family Homes
The average days on market has gone down from 24 days last March 2023 to only 15 days in March 2024
Condos & Townhomes
The average days on market last March 2023 was 25 days and has decreased to only 21 days in March 2024
Single Family Homes
The overbid percentage has increased from 102% in March 2023 to now 108% in March 2024
Condos & Townhomes
The overbid percentage has slightly increased from 101% last March 2023 to 105% a year later in March 2024
A V G D A Y S O N M A R K E T $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 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 | MARCH 2024
0 10 20 30 40 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024
00% 200% 400% 600% 800% 1000% 1200% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024
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 $1.90 Million in February 2024 to $1.99 Million in March 2024. The number of homes sold was 274 while the number of new listings was 430. The median price for condos/ townhouses was $1.05M with 152 new listings and 86 homes sold.
SINGLE FAMILY HOMES 430 New Listings 1.3 Months of Inventory $1.99M Median Sale Price 106% Median Sale vs List Price 19 Avg Days on Market 274 Sold Listings This data is sourced from MLS for the period 3/2023 thru 3/2024 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
& TOWNHOMES 152 New Listings 2.3 Months of Inventory $1.05M Median Sale Price 101% Median Sale vs List Price 43 Avg Days on Market 86 Sold Listings San
glance
CONDOS
Mateo at a
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 100 200 300 400 500 600 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
FOR SALE VS SOLD LISTINGS
MATEO
MARCH
0 50 100 150 200 250 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS
SAN
COUNTY
2023 - MARCH 2024
Single Family Homes
The median sales price has increased from $1 78 Million last March 2023 to $1.99 Million in March 2024
Condos & Townhomes
The median sales price has slightly decreased from $1 06M last March 2023 to $1 05M in March 2024
Single Family Homes
The average days on market has was 28 in March 2023 and has slightly decreased to 19 in March 2024
Condos & Townhomes
The average days on market last March 2023 was 36 and has decreased to only 43 in March 2024
Single Family Homes
The overbid percentage was 103% in March 2023 and is now 106% in March 2024
Condos & Townhomes
The overbid percentage was 100% in February 2023 and increased to 101% in February 2024
A V G D A Y S O N M A R K E T $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 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 | MARCH 2024 0 10 20 30 40 50 60 70 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 00% 200% 400% 600% 800% 1000% 1200% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes increased month-to-month from $1.30 Million in February 2024 to $1.40 Million in March 2024. The number of homes sold was 587 while the number of new listings was 884. The median price for condos/ townhouses was $770k with 372 new listings and 203 homes sold.
SINGLE FAMILY HOMES
884 New Listings 1.2 Months of Inventory $1.40M Median Sale Price 109% Median Sale vs List Price 19 Avg Days on Market 587 Sold Listings This data is sourced from MLS for the period 3/2023 thru 3/2024 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
372 New Listings 2.0 Months of Inventory $770K Median Sale Price 103% Median Sale vs List Price 19 Avg Days on Market 203 Sold Listings
Alameda at a glance CONDOS & TOWNHOMES
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 200 400 600 800 1000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR SALE VS SOLD LISTINGS ALAMEDA COUNTY MARCH 2023 - MARCH 2024 0 100 200 300 400 500 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
Single Family Homes
The median sales price has increased from $1.21 Million in March 2023 to $1.40 Million in March 2024
Condos & Townhomes
The median sales price has increased from $765k last March 2023 to $770k in March 2024
Single Family Homes
The average days on market was 19 days last March 2023 and has remained at 19 days in March 2024
Condos & Townhomes
The average days on market last March 2023 was 27 days and has decreased to only 19 days in March 2024
Single Family Homes
The overbid percentage was 107% in March 2023 and has increased to 109% in March 2024
Condos & Townhomes
The overbid percentage was 101% last March 2023 and has increased to 103% in March 2024
A V G D A Y S O N M A R K E T $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 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 | MARCH 2024 0 10 20 30 40 50 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 00% 200% 400% 600% 800% 1000% 1200% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes was $1.58 Million in February 2024 and increased to $1.73 Million in March 2024. The number of homes sold was 168 while the number of new listings was 262. The median price for condos/ townhouses was $1.13 Million with 315 new listings and 175 homes sold.
This data is sourced from MLS for the period 3/2023 thru 3/2024 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
315 New Listings 3.5 Months of Inventory $1.13M Median Sale Price 101% Median Sale vs List Price 47 Avg Days on Market 175 Sold Listings
CONDOS & TOWNHOMES
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 100 200 300 400 500 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
SALE
SOLD
0 200 400 600 800 1000 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024
LISTINGS FOR
VS
LISTINGS SAN FRANCISCO MARCH 2023 - MARCH 2024
Single Family Homes
The median sales price has increased from $1 69 Million in March 2023 to $1 73 Million in March 2024
Condos & Townhomes
The median sales price has increased from $1 15 Million last March 2023 to $1 13 Million in March 2024
Single Family Homes
The average days on market was 27 days last March 2023 and is now 25 days in March 2024
Condos & Townhomes
The average days on market last March 2023 was 57 days and is now at 47 days in March 2024
Single Family Homes
The overbid percentage is up from 108% last March 2023 to now 110% in March 2024
Condos & Townhomes
The overbid percentage last March 2023 was 100% and increased to 101% in March 2024
A V G D A Y S O N M A R K E T $0 $500,000 $1,000,000 $1,500,000 $2,000,000 Mar2023Apr2023May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024 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 | MARCH 2024 0 20 40 60 80 Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024 00% 200% 400% 600% 800% 1000% 1200% Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024
This data is sourced from MLS for the period 3/2023 thru 3/2024. 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