BAY AREA | MAY 2024
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 increased from $2.00 Million in April 2024 to $2.05 Million in May 2024. The number of homes sold was 920 while the number of new listings was 1,375. The median price for condos/ townhouses is at $1.06M with 643 new listings and 404 homes sold.
1,375 New Listings
920 Sold Listings
1.2 Months of Inventory $2.05M
Median Sale Price 108%
Median Sale vs List Price
14
Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2023 thru 5/2024 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 KW Santa Clara Valley and KW Thrive Each Office is independently owned and operated
643
New Listings
404 Sold Listings
1.6 Months of Inventory
$1.06M
Median Sale Price
105%
Median Sale vs List Price
15
Avg Days on Market
at a glance
CONDOS & TOWNHOMES Santa Clara
SANTA
SINGLE FAMILY HOMES
Last 12 months, year-over-year
Last 12 months, year-over-year
0 200 400 600 800 1000 1200 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
CONDOS
LISTINGS FOR SALE VS SOLD LISTINGS
0 100 200 300 400 500 600 700 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
CLARA COUNTY | MAY 2023 - MAY 2024
Single Family Homes
The median sales price increased year over year from $1 75 Million in May 2023 to $2 05 Million in May 2024
Condos & Townhomes
The median sales price increased year over year from $960K in May 2023 to $1.06M in May 2024
Single Family Homes
The average days on market has gone down from 18 days last May 2023 to only 14 days in May 2024
Condos & Townhomes
The average days on market last May 2023 was 19 days and has decreased to only 15 days in May 2024
Single Family Homes
The overbid percentage has increased from 105% in May 2023 to now 108% in May 2024
Condos & Townhomes
The overbid percentage has increased from 103% last May 2023 to 105% a year later in May 2024
A V G D A Y S O N M A R K E T $0 $500,000
$1,500,000 $2,000,000
May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 O V E R B I D S M E D I A N S A L E S P R I C E
$1,000,000
$2,500,000
SANTA CLARA | MAY 2024
0 10 20 30 40 May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024
00% 200% 400% 600% 800% 1000% 1200% May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024
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 $2.05 Million in April 2024 to $2.29 Million in May 2024. The number of homes sold was 370 while the number of new listings was 570. The median price for condos/ townhouses was $930K with 182 new listings and 118 homes sold.
570 New Listings
370 Sold Listings
1.5 Months of Inventory
$2.29M
Median Sale Price 107%
Median Sale vs List Price 15
Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2023 thru 5/2024 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 KW Santa Clara Valley and KW Thrive Each Office is independently owned and operated
CONDOS & TOWNHOMES
182 New Listings
118 Sold Listings San Mateo at a
2.1 Months of Inventory
$930K
Median Sale Price
101%
Median Sale vs List Price
24
Avg Days on Market
glance
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 100 200 300 400 500 600 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
LISTINGS FOR SALE VS SOLD LISTINGS
0 50 100 150 200 250 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
SAN MATEO COUNTY MAY 2023 - MAY 2024
Single Family Homes
The median sales price has increased from $1 86 Million last May 2023 to $2.29 Million in May 2024
Condos & Townhomes
The median sales price has increased from $915K last May 2023 to $930K in May 2024
Single Family Homes
The average days on market was 19 in May 2023 and has slightly decreased to 15 in May 2024
Condos & Townhomes
The average days on market last May 2023 was 24 is now again at 24 days in May 2024
Single Family Homes
The overbid percentage was 104% in May 2023 and is now 107% in May 2024
Condos & Townhomes
The overbid percentage was 102% in May 2023 and has decreased slightly to 101% in May 2024
A V G D A Y S O N M A R K E T $0 $500,000
$1,500,000 $2,000,000
May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 O V E R B I D S M E D I A N S A L E S P R I C E
$1,000,000
$2,500,000
SAN MATEO COUNTY | MAY 2024 0 10 20 30 40 50 60 70 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 00% 200% 400% 600% 800% 1000% 1200% May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes slightly decreased month-to-month from $1.40 Million in April 2024 to $1.37 Million in May 2024. The number of homes sold was 782 while the number of new listings was 1,332. The median price for condos/ townhouses was $750K with 477 new listings and 225 homes sold.
1,332 New Listings
782 Sold Listings
1.5 Months of Inventory $1.37M
Median Sale Price
110%
Median Sale vs List Price
16
Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 5/2023 thru 5/2024 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 KW Santa Clara Valley and KW Thrive Each Office is independently owned and operated
477
New Listings
225 Sold Listings
2.8 Months of Inventory
$800K
Median Sale Price
103%
Median Sale vs List Price
CONDOS & TOWNHOMES
24
Avg Days on Market
glance
Alameda at a
SINGLE FAMILY HOMES
Last 12 months, year-over-year CONDOS
Last 12 months, year-over-year
0 200 400 600 800 1000 1200 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
LISTINGS FOR SALE VS SOLD LISTINGS
-
0 100 200 300 400 500 600 700 May2023 Jun2023 Jul2023 Aug2023 Sept2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
ALAMEDA COUNTY MAY 2023
MAY 2024
Single Family Homes
The median sales price has increased from $1.26 Million in May 2023 to $1.37 Million in May 2024
Condos & Townhomes
The median sales price has increased from $707k last May 2023 to $800k in May 2024
Single Family Homes
The average days on market was 19 days last May 2023 and has decreased to 16 days in May 2024
Condos & Townhomes
The average days on market last May 2023 was 25 days and has decreased to only 24 days in May 2024
Single Family Homes
The overbid percentage was 108% in May 2023 and has increased to 110% in May 2024
Condos & Townhomes
The overbid percentage was 102% last May 2023 and has increased to 103% in May 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 May2023Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 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 2024 0 10 20 30 40 50 May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 00% 200% 400% 600% 800% 1000% 1200% May2023 Jun2023 Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes was $1.77 Million in April 2024 and decreased to $1.70 Million in May 2024. The number of homes sold was 223 while the number of new listings was 299. The median price for condos/ townhouses was $1.19 Million with 354 new listings and 215 homes sold.
This data is sourced from MLS for the period 5/2023 thru 5/2024 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 KW Santa Clara Valley and KW Thrive Each Office is independently owned and operated
San Francisco at a
CONDOS & TOWNHOMES
354 New Listings
215 Sold Listings
3.4 Months of Inventory
$1.19M
Median Sale Price
102%
Median Sale vs List Price
43
Avg Days on Market
glance
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
0 100 200 300 400 500 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
LISTINGS FOR SALE VS SOLD LISTINGS
0 200 400 600 800 1000 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024
SAN FRANCISCO MAY 2023 - MAY 2024
Single Family Homes
The median sales price has increased from $1 63 Million in May 2023 to $1 70 Million in May 2024
Condos & Townhomes
The median sales price has increased from $1 16 Million last May 2023 to $1 19 Million in May 2024
Single Family Homes
The average days on market was 29 days last May 2023 and is now 22 days in May 2024
Condos & Townhomes
The average days on market last May 2023 was 57 days and is now at 43 days in May 2024
Single Family Homes
The overbid percentage is up from 107% last May 2023 to now 113% in May 2024
Condos & Townhomes
The overbid percentage last May 2023 was 100% and increased to 102% in May 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 May2023Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024 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 2024 0 20 40 60 80 May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 00% 200% 400% 600% 800% 1000% 1200% May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024
This data is sourced from MLS for the period 5/2023 thru 5/2024. 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