Bay Area | May 2023 Market Update
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 slightly from last month, $1.77 Million in April 2023 to $1.75 Million in May 2023. The number of homes sold was 825 while the number of new listings was 1,024. The median price for condos/ townhouses is at $960k with 407 new listings and 318 homes sold.
1,024 New Listings
825 Sold Listings
1.0 Months of Inventory
$1.75M Median Sale Price
105.2% Median Sale vs List Price 18 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2022 thru 5/2023 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 Realty Thrive 408 850 6900 Each Office is independently owned and operated
407 New Listings
318 Sold Listings
1.0 Months of Inventory
$960K Median Sale Price
103.1% Median Sale vs List Price
19 Avg Days on Market
glance
CONDOS & TOWNHOMES Santa Clara at a
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2022 March2023 April2023 May2023 1,500 1,000 500 0
FAMILY HOMES
SINGLE
CLARA COUNTY | MAY 2022 - MAY 2023 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 April2023 May2023 750 500 250 0
LISTINGS FOR SALE VS SOLD LISTINGS SANTA
Single Family Homes
The median sales price is down from $1.90 Million in May 2022 to $1 75 Million in May 2023
Condos & Townhomes
The median sales price has decreased from May 2022 at $1 06 Million to May 2023 at $960k
Single Family Homes
The average days on market has gone up from 11 days last May 2022 to 18 days in May 2023
Condos & Townhomes
The average days on market last May 2022 was 11 days and has increased to 18 days in May 2023
Single Family Homes
The overbid percentage has decreased from 112% in May 2022 to now 105% in May 2023
Condos & Townhomes
The overbid percentage has gone down from 109% last May 2022 to 103% a year later in May 2023
A V G D A Y S O N M A R K E T May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 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 | MAY 2023
May2022 Jun2022July2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 40 30 20 10 0
May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
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 $1.79 Million in April 2023 to $1.86 Million in May 2023. The number of homes sold was 344 while the number of new listings was 475. The median price for condos/ townhouses was $915k with 141 new listings and 107 homes sold.
475 New Listings
344 Sold Listings
1.4 Months of Inventory
$1.86M Median Sale Price
104.3% Median Sale vs List Price 19 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2022 thru 5/2023 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 Realty Thrive 408 850 6900 Each Office is independently owned and operated
141 New Listings
107 Sold Listings
1.6 Months of Inventory
San Mateo at a
$915K Median Sale Price
CONDOS & TOWNHOMES
102.6% Median Sale vs List Price
24 Avg Days on Market
glance
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 750 500 250 0 SINGLE FAMILY HOMES
MATEO
MAY 2022
MAY 2023 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 March2023 Apr2023 May2023 300 200 100 0
LISTINGS FOR SALE VS SOLD LISTINGS SAN
COUNTY
-
Single Family Homes
The median sales price has decreased with May 2022 at $2 08 Million to May 2023 at $1 86 Million
Condos & Townhomes
The median sales price has decreased from $1 04 Million last May 2022 to $915k in May 2023
Single Family Homes
The average days on market is up from 14 days last May 2022 to 19 days in May 2023
Condos & Townhomes
The average days on market last May 2022 was 18 days and now is up to an average of 24 days in May 2023
Single Family Homes
The overbid percentage has gone down from 113% last May 2022 to now 104% in May 2023
Condos & Townhomes
The overbid percentage has gone down from 106% last May 2022 to 102% a year later
A V G D A Y S O N M A R K E T May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 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 | MAY 2023 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 60 40 20 0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes increased slightly month-to-month from $1.22 Million in April 2023 to $1.26 Million in May 2023. The number of homes sold was 740 while the number of new listings was 897. The median price for condos/ townhouses was $707k with 357 new listings and 250 homes sold.
897 New Listings
740 Sold Listings
1.0 Months of Inventory
$1.26M Median Sale Price 108% Median Sale vs List Price 19 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2022 thru 5/2023 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 Realty Thrive 408 850 6900 Each Office is independently owned and operated
Alameda at a glance
CONDOS & TOWNHOMES
357 New Listings
250 Sold Listings
1.3 Months of Inventory
$707K Median Sale Price
102% Median Sale vs List Price
25 Avg Days on Market
LISTINGS FOR SALE VS SOLD LISTINGS
ALAMEDA COUNTY MAY 2022 - MAY 2023
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 2,000 1,500 1,000 500 0
SINGLE FAMILY HOMES
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 750 500 250 0
Single Family Homes
The median sales price has decreased from $1.50 Million in May 2022 to $1.26 Million in May 2023
Condos & Townhomes
The median sales price has slightly decreased from $822k last May 2022 to $707k in May 2023
Single Family Homes
The average days on market was 12 days last May 2022 and is now up to 19 days in May 2023
Condos & Townhomes
The average days on market last May 2022 was 15 days and is now up to 25 days in May 2023
Single Family Homes
The overbid percentage is down from 118% last May 2022 to now 108% in May 2023
Condos & Townhomes
The overbid percentage has gone down from 108% last May 2022 to 102% a year later in May 2023
A V G D A Y S O N M A R K E T May2022Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Apr2023May2023 $1,500,000 $1,000,000 $500,000 $0 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 | MAY 2023 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 50 40 30 20 10 0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes increased slightly month-tomonth from $1.57 Million in April 2023 to $1.63 Million in May 2023. The number of homes sold was 190 while the number of new listings was 284. The median price for condos/ townhouses was $1.16 Million with 274 new listings and 193 homes sold.
284 New Listings
190 Sold Listings
1.8 Months of Inventory
SINGLE FAMILY HOMES
$1.63M Median Sale Price 107% Median Sale vs List Price 29 Avg Days on Market This data is sourced from MLS for the period 5/2022 thru 5/2023 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 Realty Thrive 408 850 6900 Each Office is independently owned and operated
274 New Listings
193 Sold Listings
3.3 Months of Inventory
$1.16M Median Sale Price
100% Median Sale vs List Price
57 Avg Days on Market
San Francisco at a glance
CONDOS & TOWNHOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
May2022 Jun2022 Jul2022 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 500 400 300 200 100 0 SINGLE FAMILY HOMES
FRANCISCO
- MAY 2023 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 1,250 1,000 750 500 250 0
LISTINGS FOR SALE VS SOLD LISTINGS SAN
MAY 2022
Single Family Homes
The median sales price has decreased from $2.00 Million in May 2022 to $1.63 Million in May 2023
Condos & Townhomes
The median sales price has decreased from $1 24 Million last May 2022 to $1 16 Million in May 2023
Single Family Homes
The average days on market was 20 days last May 2022 and is now up to 29 days in May 2023
Condos & Townhomes
The average days on market last May 2022 was 33 days and is now up to 57 days in May 2023
Single Family Homes
The overbid percentage is down from 119% last May 2022 to now 107% in May 2023
Condos & Townhomes
The overbid percentage has gone down from 105% last May 2022 to 100% a year later in May 2023
A V G D A Y S O N M A R K E T May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022Jan2023Feb2023March2023Apr2023May2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 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 | MAY 2023 May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 Jan2023Feb2023March2023Apr2023May2023 80 60 40 20 0 May2022 Jun2022 Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 125% 100% 75% 50% 25% 0%
This data is sourced from MLS for the period 05/2022 thru 05/2023. 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 Realty Thrive 408 850 6900 Each Office is independently owned and operated
