Market Update
South Bay Area | November 2022
Santa Clara San Mateo
Alameda
Santa Clara
What's in the Santa Clara data?
Santa Clara’s median sold price for single-family homes decreased marginally from last month, $1.58 Million in October to $1.57 Million in November. The number of homes sold was 530 while the number of new listings was 564. The median price for condos/ townhouses is at $884k with 209 new listings and 230 homes sold.
SINGLE FAMILY HOMES 564 New Listings 1.7 Months of Inventory $1.57M Median Sale Price 100% Median Sale vs List Price 26 Avg Days on Market 530 Sold Listings This data is sourced from MLS for the period 011/2021 thru 11/2022 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
CONDOS & TOWNHOMES Santa Clara at a glance 209 New Listings 1.7 Months of Inventory $884K Median Sale Price 98.7% Median Sale vs List Price 36 Avg Days on Market 230 Sold Listings
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 1,500 1,000 500 0
FOR SALE VS SOLD LISTINGS
2022 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 750 500 250 0
Last 12 months, year over year LISTINGS
SANTA CLARA | NOVEMBER 2021 NOVEMBER
Single Family Homes
The median sales price is down from $1 65 Million in Nov 2021 to $1 57 Million in Nov 2022
Condos & Townhomes
The median sales price has decreased from $923k last Nov 2021 to $884k in Nov 2022
Single Family Homes
The average days on market has gone up from 15 days last Nov 2021 to 26 days in Nov 2022
Condos & Townhomes
The average days on market last Nov 2021 was 23 days and has increased to 36 days in Nov 2022.
Single Family Homes
The overbid percentage has decreased from 110% in Nov 2021 to now 100% in Nov 2022
Condos & Townhomes
The overbid percentage has gone down from 104% last Nov 2021 to 98 7% a year later in Nov 2022
A V G D A Y S O N M A R K E T Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022 $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 | NOVEMBER 2022
Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022 40 30 20 10 0
Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022June2022 July2022Aug2022Sept2022Oct2022Nov2022 125% 100% 75% 50% 25% 0%
San Mateo
What's in the San Mateo data?
San Mateo's median sold price for single-family homes decreased month-to-month from $1.82 Million in October to $1.70 Million in November. The number of homes sold was 252 while the number of new listings was 241. The median price for condos/ townhouses was $900k with 66 new listings and 87 homes sold.
SINGLE FAMILY HOMES 241 New Listings 2.2 Months of Inventory $1.70M Median Sale Price 98.6% Median Sale vs List Price 27 Avg Days on Market 252 Sold Listings This data is sourced from MLS for the period 011/2021 thru 11/2022 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
CONDOS & TOWNHOMES San Mateo at a glance 66 New Listings 2.3 Months of Inventory $900K Median Sale Price 97.8% Median Sale vs List Price 45 Avg Days on Market 87 Sold Listings
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last
Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 June2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 750 500 250 0
LISTINGS FOR SALE VS SOLD LISTINGS
2021 NOVEMBER 2022 Nov2021 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 300 200 100 0
12 months, year over year
SAN MATEO NOVEMBER
Single Family Homes
The median sales price is down from $2 Million from Nov 2021 to $1 7 Million in Nov 2022
Condos & Townhomes
The median sales price has decreased from $922k last Nov 2021 to $900k in Nov 2022
Single Family Homes
The average days on market is up from 17 days last Nov 2021 to 27 days in Nov 2022
Condos & Townhomes
The average days on market last Nov 2021 was 23 days and now is up to an average of 45 days in Nov 2022
Single Family Homes
The overbid percentage has gone down from 109 6% last Nov 2021 to now 98 6% in Nov 2022
Condos & Townhomes
The overbid percentage has gone down from 103 2% last Nov 2021 to 97 8% a year later
A V G D A Y S O N M A R K E T Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022 $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 | NOVEMBER 2022
Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022 50 40 30 20 10 0
Nov2021Dec2021 Jan2022Feb2022Mar2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022 125% 100% 75% 50% 25% 0%
Alameda
What's in the Alameda data?
Alameda’s median sold price for single-family homes decreased slightly month-to-month from $1.20 Million in October to $1.15 Million in November. The number of homes sold was 602 while the number of new listings was 535. The median price for condos/ townhouses was $671k with 184 new listings and 176 homes sold.
SINGLE FAMILY HOMES 535 New Listings 1.6 Months of Inventory $1.5M Median Sale Price 103.5% Median Sale vs List Price 28 Avg Days on Market 602 Sold Listings This data is sourced from MLS for the period 011/2021 thru 11/2022 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
CONDOS & TOWNHOMES Alameda at a glance 184 New Listings 2.3 Months of Inventory $671K Median Sale Price 99.3% Median Sale vs List Price 34 Avg Days on Market 176 Sold Listings
Last
Nov2021 Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 2,000 1,500 1,000 500 0
SINGLE FAMILY HOMES
12 months, year-over-year CONDOS
LISTINGS FOR SALE VS SOLD LISTINGS
2021 NOVEMBER 2022 Nov2021 Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 750 500 250 0
Last 12 months, year over year
ALAMEDA NOVEMBER
Single Family Homes
The median sales price has decreased from $1 29 Million in Nov 2021 to $1 15 Million in Nov 2022
Condos & Townhomes
The median sales price has decreased from $739k last Nov 2021 to $671k in Nov 2022
Single Family Homes
The average days on market was 16 days last Nov 2021 and is now up to 28 days in Nov 2022
Condos & Townhomes
The average days on market last Nov 2021 was 25 days and is now up to 34 days in Nov 2022
Single Family Homes
The overbid percentage is down from 113 8% last Nov 2021 to now 103 5% in Nov 2022
Condos & Townhomes
The overbid percentage has gone down from 104 5% last Nov 2021 to 99 3% a year later in Nov 2022
A V G D A Y S O N M A R K E T Nov2021Dec2021Jan2022Feb2022March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022 $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 | NOVEMBER 2022
Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022 40 30 20 10 0
Nov2021Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022 125% 100% 75% 50% 25% 0%
This data is sourced from MLS for the period 011/2021 thru 11/2022. 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
