Market Update BAY AREA | OCTOBER 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, $1.84 Million in September 2023 to $1.80 Million in October 2023. The number of homes sold was 649 while the number of new listings was 743. The median price for condos/ townhouses is at $980k with 376 new listings and 273 homes sold.
743 New Listings
649 Sold Listings
1.2 Months of Inventory
$1.80M Median Sale Price
104% Median Sale vs List Price
19 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 10/2022 thru 10/2023. 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.
376 New Listings
273 Sold Listings
1.7 Months of Inventory
$980K Median Sale Price
102% Median Sale vs List Price
Santa Clara at a glance
CONDOS & TOWNHOMES
20 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SANTA CLARA COUNTY | OCTOBER 2022 - OCTOBER 2023
1,200 1,000 800 600 400 200
O ct 20 23
Se pt 20 23
20 23 Au g
Ju l2 02 3
20 23 Ju n
20 23 M ay
Ap ril 20 23
M ar ch
20 23
20 22 Fe b
20 23 Ja n
20 22 De c
N ov
O ct 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
O ct 20 23
Se pt 20 23
20 23 Au g
Ju l2 02 3
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
20 22 De c
20 22 N ov
O ct 20 22
0
SANTA CLARA | OCTOBER 2023
$2,000,000
Single Family Homes The median sales price increased year over year from $1.58 Million in October 2022 to $1.80 Million in October 2023.
$1,000,000
Condos & Townhomes
$500,000
$0
O ct 20 22 N ov 20 22 De c 20 22 Ja n 20 23 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
MEDIAN SALES PRICE
$1,500,000
The median sales price increased year over year from $891K in October 2022 to $980K in October 2023.
40
Single Family Homes
20
The average days on market has gone down from 28 days last October 2022 to 19 days in October 2023
10
Condos & Townhomes
0
The average days on market last October 2022 was 26 days and has decreased to 20 days in October 2023
O ct 20 23
Se pt 20 23
Au g
20 23
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
O ct 20 22
AVG DAYS ON MARKET
30
120%
Single Family Homes
100%
The overbid percentage has increased from 99% in October 2022 to now 104% in October 2023
80% 60%
Condos & Townhomes
20%
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
N ov
20 22
0% O ct 20 22
OVERBIDS
40%
The overbid percentage has slightly increased from 100% last October 2022 to 102% a year later in October 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 $1.83 Million in September 2023 to $1.95 Million in October 2023. The number of homes sold was 307 while the number of new listings was 383. The median price for condos/ townhouses was $910K with 100 new listings and 83 homes sold.
383 New Listings
307 Sold Listings
1.9 Months of Inventory
$1.95M Median Sale Price
103% Median Sale vs List Price
22 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 10/2022 thru 10/2023. 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.
100 New Listings
83 Sold Listings
2.7 Months of Inventory
$910K Median Sale Price
100% Median Sale vs List Price
San Mateo at a glance
CONDOS & TOWNHOMES
39 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN MATEO COUNTY OCTOBER 2022 - OCTOBER 2023
700 600 500 400 300 200 100
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
M ay M ay
20 23
Ap r2 02 3 Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
20 22 De c
20 22 N ov
O ct 20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
250
200
150
100
50
CONDOS Last 12 months, year-over-year
O ct 20 23
20 23 Se p
20 23
20 23
20 23 Ju n
M ar ch
20 23
20 23 Fe b
20 23 Ja n
20 22 De c
20 22 N ov
O ct 20 22
0
SAN MATEO COUNTY | OCTOBER 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
$0
O ct 20 22 N ov 20 22 De c 20 22 Ja n 20 23 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 p 20 23 O ct 20 23
MEDIAN SALES PRICE
$1,500,000
The median sales price has decreased from $931k last October 2022 to $910k in October 2023
Single Family Homes 40
The average days on market has gone down from 27 days last October 2022 to 22 days in October 2023
20
Condos & Townhomes O ct 20 23
20 23
Se p
Au g
20 23
Ju l2 02 3
20 23 Ju n
20 23
M ay
Ap r2 02 3
M ar 20 23
20 23
Fe b
Ja n
20 22
De c
20 22
N ov
20 23
0
O ct 20 22
AVG DAYS ON MARKET
60
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%
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
N ov
20 22
0% O ct 20 22
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 $1.30 Million in September 2023 to $1.22 Million in October 2023. The number of homes sold was 624 while the number of new listings was 812. The median price for condos/ townhouses was $722k with 262 new listings and 196 homes sold.
812 New Listings
624 Sold Listings
1.5 Months of Inventory
$1.22M Median Sale Price
108% Median Sale vs List Price
18 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 10/2022 thru 10/2023. 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.
262 New Listings
196 Sold Listings
2.4 Months of Inventory
$722K Median Sale Price
103% Median Sale vs List Price
Alameda
at a glance
CONDOS & TOWNHOMES
23 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
ALAMEDA COUNTY OCTOBER 2022 - OCTOBER 2023
1,400 1,200 1,000 800 600 400 200
Se pt 20 23
O ct 20 23
Se pt 20 23
O ct 20 23
Au g
Au g
20 23
Ju l2 02 3
Ju l2 02 3
20 23 Ju n
M ay
M ay
20 23
Ap r2 02 3
Ap r2 02 3
M ar 20 23
20 23 Fe b
20 23 Ja n
20 22 De c
N ov
O ct 20 22
20 22
0
SINGLE FAMILY HOMES Last 12 months, year-over-year
600 500 400 300 200 100
CONDOS Last 12 months, year-over-year
20 23
20 23 Ju n
20 23
M ar 20 23
20 23 Fe b
20 23 Ja n
20 22 De c
20 22 N ov
O ct 20 22
0
ALAMEDA COUNTY | OCTOBER 2023
Single Family Homes The median sales price has increased from $1.20 Million in October 2022 to $1.22 Million in October 2023
$1,000,000
Condos & Townhomes
$500,000
The median sales price has increased from $706k last October 2022 to $722k in October 2023
$0
O ct 20 22 N ov 20 22 De c 20 22 Ja n 20 23 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
MEDIAN SALES PRICE
$1,500,000
50
Single Family Homes The average days on market was 28 days last October 2022 and has decreased to 18 days in October 2023
30
20
Condos & Townhomes 10
O ct 20 23
Se pt 20 23
Au g
20 23
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
20 22
De c
20 22
N ov
20 23
0
O ct 20 22
AVG DAYS ON MARKET
40
The average days on market last October 2022 was 32 days and has decreased slightly to 23 days in October 2023
120%
Single Family Homes
100%
The overbid percentage was 104% in October 2022 and has increased to 108% in October 2023
80% 60%
Condos & Townhomes
20%
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
N ov
20 22
0% O ct 20 22
OVERBIDS
40%
The overbid percentage has was 99% last October 2022 and has increased to 103% in October 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 $1.57 Million in September 2023 and $1.65 Million in October 2023. The number of homes sold was 199 while the number of new listings was 246. The median price for condos/ townhouses was $1.11 Million with 262 new listings and 164 homes sold.
246 New Listings
199 Sold Listings
2.2 Months of Inventory
$1.65M Median Sale Price
108% Median Sale vs List Price
22 Avg Days on Market
SINGLE FAMILY HOMES
This data is sourced from MLS for the period 10/2022 thru 10/2023. 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.
262 New Listings
164 Sold Listings
4.9 Months of Inventory
$1.11M Median Sale Price
99.9% Median Sale vs List Price
CONDOS & TOWNHOMES
San Francisco
at a
glance
46 Avg Days on Market
LISTINGS FOR
SALE VS
SOLD LISTINGS
SAN FRANCISCO OCTOBER 2022 - OCTOBER 2023
500
400
300
200
100
0
Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023
Jul 2023 Aug 2023 Sep 2023 Oct 2023
SINGLE FAMILY HOMES Last 12 months, year-over-year
1,000
800
600
400
200
0
Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023
CONDOS Last 12 months, year-over-year
Jul 2023 Aug 2023 Sep 2023 Oct 2023
SAN FRANCISCO COUNTY | OCTOBER 2023
$2,000,000
Single Family Homes The median sales price has decreased from $1.67 Million in October 2022 to $1.65 Million in October 2023
$1,000,000
Condos & Townhomes The median sales price has decreased from $1.20 Million last October 2022 to $1.11 Million in October 2023
$500,000
$0
O ct 20 22 N ov 20 22 De c 20 22 Ja n 20 23 Fe b 20 23 M ar ch 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
MEDIAN SALES PRICE
$1,500,000
80
Single Family Homes The average days on market was 27 days last October 2022 and is now down to 22 days in October 2023
40
20
Condos & Townhomes
O ct 20 23
20 23
Se p
Au g
20 23
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
20 23
20 23
M ar ch
Fe b
Ja n
20 22
De c
20 22
N ov
20 23
0
O ct 20 22
AVG DAYS ON MARKET
60
The average days on market last October 2022 was 43 days and is now up to 46 days in October 2023
120% 100%
Single Family Homes
80%
The overbid percentage is up from 107% last October 2022 to now 108% in October 2023
60%
20%
Condos & Townhomes 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
N ov
20 22
0% O ct 20 22
OVERBIDS
40%
The overbid percentage has gone down from 100% last October 2022 to 99% a year later in October 2023
This data is sourced from MLS for the period 10/2022 thru 10/2023. 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.