Market Update BAY AREA | NOVEMBER 2023
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 the previous month, $1.80 Million in October 2023 to $1.68 Million in November 2023. The number of homes sold was 551 while the number of new listings was 559. The median price for condos/ townhouses is at $935k with 250 new listings and 231 homes sold.
559 New Listings
551 Sold Listings
1.3 Months of Inventory
$1.68M Median Sale Price
103% Median Sale vs List Price
20 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
250 New Listings
231 Sold Listings
1.7 Months of Inventory
$935K Median Sale Price
101% Median Sale vs List Price
Santa Clara at a glance
CONDOS & TOWNHOMES
22 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SANTA CLARA COUNTY | NOVEMBER 2022 - NOVEMBER 2023
1,000
800
600
400
200
O ct 20 23
N ov
O ct 20 23
N ov
20 23
Se pt 20 23 Se pt 20 23
Au g Au g
20 23
Ju l2 02 3 Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap ril 20 23
20 23 M ar ch
20 22 Fe b
20 23 Ja n
N ov
De c
20 22
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
500
400
300
200
100
CONDOS Last 12 months, year-over-year
20 23
20 23
20 23 Ju n
20 23 M ay
Ap ril 20 23
20 23 M ar ch
20 23 Fe b
20 23 Ja n
De c
N ov
20 22
20 22
0
SANTA CLARA | NOVEMBER 2023
$2,000,000
Single Family Homes The median sales price increased year over year from $1.57 Million in November 2022 to $1.68 Million in November 2023.
$1,000,000
M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se pt 20 23 O ct 20 23 N ov 20 23
20 23
Fe b
De c
Ja n
20 23
$0
The median sales price increased year over year from $884K in November 2022 to $935K in November 2023.
20 22
Condos & Townhomes
20 22
$500,000
N ov
MEDIAN SALES PRICE
$1,500,000
40
Single Family Homes
20
The average days on market has gone down from 26 days last November 2022 to 20 days in November 2023
10
Condos & Townhomes
0
The average days on market last November 2022 was 36 days and has decreased to 22 days in November 2023
N ov
20 23
O ct 20 23
Se pt 20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
Fe b
20 23
20 23 Ja n
20 22
De c
20 22 N ov
AVG DAYS ON MARKET
30
120%
Single Family Homes
100%
The overbid percentage has increased from 100% in November 2022 to now 103% in November 2023
80% 60%
Condos & Townhomes
20%
20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
De c
20 22
0% N ov
OVERBIDS
40%
The overbid percentage has slightly increased from 98% last November 2022 to 101% a year later in November 2023
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 $1.95 Million in October 2023 to $1.72 Million in November 2023. The number of homes sold was 233 while the number of new listings was 284. The median price for condos/ townhouses was $925K with 79 new listings and 70 homes sold.
233 New Listings
284 Sold Listings
1.6 Months of Inventory
$1.72M Median Sale Price
102% Median Sale vs List Price
25 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
79 New Listings
70 Sold Listings
2.9 Months of Inventory
$925K Median Sale Price
98% Median Sale vs List Price
San Mateo at a glance
CONDOS & TOWNHOMES
44 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN MATEO COUNTY NOVEMBER 2022 - NOVEMBER 2023
600 500 400 300 200 100
N ov N ov
20 23
O ct 20 23 O ct 20 23
20 23 Se p
Au g Au g
20 23
Ju l2 02 3 Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
20 22 De c
N ov
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
250
200
150
100
50
CONDOS Last 12 months, year-over-year
20 23
20 23 Se p
20 23
20 23 Ju n
20 23 M ay
Ap r2 02 3
20 23 M ar ch
20 23 Fe b
20 23 Ja n
20 22 De c
N ov
20 22
0
SAN MATEO COUNTY | NOVEMBER 2023
$2,000,000
Single Family Homes The median sales price has increased from $1.82 Million last October 2022 to $1.95 Million in October 2023
$1,000,000
Condos & Townhomes
$500,000
20 23 M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se p 20 23 O ct 20 23 N ov 20 23
20 23
Fe b
Ja n
20 22
De c
20 22
$0 N ov
MEDIAN SALES PRICE
$1,500,000
The median sales price has decreased from $931k last October 2022 to $910k in October 2023
60
Single Family Homes
40
20
The average days on market has gone down from 27 days last October 2022 to 22 days in October 2023
10
Condos & Townhomes
30
N ov
20 23
O ct 20 23
Se p
20 23
20 23
Au g
Ju l2 02 3
20 23 Ju n
M ay
20 23
Ap r2 02 3
M ar 20 23
20 23
Fe b
Ja n
De c
20 22
20 22
20 23
0 N ov
AVG DAYS ON MARKET
50
The average days on market last October 2022 was 33 and is now 39 in October 2023
120% 100%
Single Family Homes
80%
The overbid percentage was 100% in October 2022 and is now 103% in October 2023
60%
Condos & Townhomes
20%
20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
De c
20 22
0% N ov
OVERBIDS
40%
The overbid percentage was 99% in October 2022 and is now 100% in October 2023
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 October 2023 to $1.22 Million in November 2023. The number of homes sold was 566 while the number of new listings was 550. The median price for condos/ townhouses was $700k with 195 new listings and 146 homes sold.
550 New Listings
566 Sold Listings
1.3 Months of Inventory
$1.22M Median Sale Price
106% Median Sale vs List Price
20 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
195 New Listings
146 Sold Listings
2.6 Months of Inventory
$700K Median Sale Price
101% Median Sale vs List Price
Alameda
at a glance
CONDOS & TOWNHOMES
28 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
ALAMEDA COUNTY NOVEMBER 2022 - NOVEMBER 2023
1,000
800
600
400
200
O ct 20 23
N ov
O ct 20 23
N ov
20 23
Se pt 20 23
Se pt 20 23
Au g
Au g
20 23
Ju l2 02 3
Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
N ov
De c
20 22
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
500
400
300
200
100
CONDOS Last 12 months, year-over-year
20 23
20 23
20 23 Ju n
20 23 M ay
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
De c
N ov
20 22
20 22
0
ALAMEDA COUNTY | NOVEMBER 2023
$1,400,000
Single Family Homes
$1,200,000
The median sales price has increased from $1.15 Million in November 2022 to $1.22 Million in November 2023
$800,000 $600,000
Condos & Townhomes The median sales price has increased from $671k last November 2022 to $700k in November 2023
$400,000 $200,000
Fe b
20 23 M ar 20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se pt 20 23 O ct 20 23 N ov 20 23
20 23
Ja n
20 22
De c
20 22
$0 N ov
MEDIAN SALES PRICE
$1,000,000
50
Single Family Homes The average days on market was 28 days last November 2022 and has decreased to 20 days in November 2023
30
20
Condos & Townhomes 10
The average days on market last November 2022 was 34 days and has decreased slightly to 28 days in November 2023
N ov
20 23
O ct 20 23
Se pt 20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
Ja n
De c
20 22
20 22
20 23
0 N ov
AVG DAYS ON MARKET
40
120%
Single Family Homes
100%
The overbid percentage was 103% in November 2022 and has increased to 106% in November 2023
80% 60%
Condos & Townhomes
20%
20 23
N ov
O ct 20 23
Se pt 20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
De c
20 22
0% N ov
OVERBIDS
40%
The overbid percentage has was 99% last November 2022 and has increased to 101% in November 2023
San Francisco
County
What's in the San Francisco data? San Francisco's median sold price for single-family homes has stayed consistent month-tomonth at $1.53 Million in October 2023 and $1.53 Million in November 2023. The number of homes sold was 194 while the number of new listings was 101. The median price for condos/ townhouses was $1.12 Million with 117 new listings and 133 homes sold.
101 New Listings
194 Sold Listings
1.6 Months of Inventory
$1.53M Median Sale Price
105% Median Sale vs List Price
31 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive or KW Santa Clara Valley. Each Office is independently owned and operated.
117 New Listings
133 Sold Listings
5.1 Months of Inventory
$1.12M Median Sale Price
100% Median Sale vs List Price
CONDOS & TOWNHOMES
San Francisco
at a
glance
54 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN FRANCISCO NOVEMBER 2022 - NOVEMBER 2023
500
400
300
200
100
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 3
02 2
02 2
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
1,000
800
600
400
200
02 3
02 3
02 3
02 2
02 2
0
CONDOS Last 12 months, year-over-year
SAN FRANCISCO COUNTY | NOVEMBER 2023
$2,000,000
Single Family Homes The median sales price has increased from $1.50 Million in November 2022 to $1.53 Million in November 2023
$1,000,000
Condos & Townhomes The median sales price has decreased from $1.15 Million last November 2022 to $1.12 Million in November 2023
$500,000
20 23 Ap r2 02 3 M ay 20 23 Ju n 20 23 Ju l2 02 3 Au g 20 23 Se p 20 23 O ct 20 23 N ov 20 23
20 23
Fe b
M ar ch
20 23
Ja n
20 22
De c
20 22
$0 N ov
MEDIAN SALES PRICE
$1,500,000
80
Single Family Homes The average days on market was 34 days last November 2022 and is now down to 31 days in November 2023
40
20
Condos & Townhomes
N ov
20 23
O ct 20 23
Se p
20 23
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar ch
20 23
20 23
Fe b
Ja n
De c
20 22
20 22
20 23
0 N ov
AVG DAYS ON MARKET
60
The average days on market last November 2022 was 48 days and is now up to 54 days in November 2023
120% 100%
Single Family Homes
80%
The overbid percentage is up from 104% last November 2022 to now 105% in November 2023
60%
20%
Condos & Townhomes 20 23
N ov
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
De c
20 22
0% N ov
OVERBIDS
40%
The overbid percentage has gone down from 99% last November 2022 to 100% a year later in November 2023
THERE’S NO PLACE LIKE HOME FOR THE HOLIDAYS Wishing you holiday cheer and the warmth of loved ones
This data is sourced from MLS for the period 11/2022 thru 11/2023. 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 Thrive and Keller Williams Santa Clara Valley Each Office is independently owned and operated.