October '24 THRIVE & SCV Market Report

Page 1


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 $1.8 Million in October 2023 to $1.96 Million in October 2024. The number of homes sold was 770 while the number of new listings was 897. The median price for condos/ townhouses is at $1.02 Million with 439 new listings and 292 homes sold.

897 New Listings

1.2 Months of Inventory $1.96M

Median Sale Price 106%

Median Sale vs List Price

Avg Days on Market 770 Sold Listings

SINGLE FAMILY HOMES

439 New Listings

292 Sold Listings

2.1 Months of Inventory

$1.02M

Median Sale Price

103%

Median Sale vs List Price

26

Avg Days on Market

SANTA CLARA COUNTY | OCTOBER 2023 - OCTOBER 2024

SINGLE FAMILY HOMES

Last 12 months, year-over-year

Last 12 months, year-over-year

Single Family Homes

The median sales price increased year over year, from $1.8 million in October 2023 to $1.96 million in October 2024. Oct2023Nov2023Dec2023

Condos & Townhomes

The median sales price increased year-over-year from $9 80K in October 2023 to $1.0 2 million in October 2024.

Single Family Homes

The average days on market remained the same, at 19 days in both October 2023 and October 2024

Condos & Townhomes

The average days on market in October 2023 was 20 days and increased to 26 days in October 2024

Single Family Homes

The overbid percentage has increased from 104 8% in October 2023 to now 106 1% in October 2024

Condos & Townhomes

The overbid percentage in October 2023 was 102 3% and increased to 102 9% in October 2024

San Mateo County

What's in the San Mateo data?

San Mateo's median sold price for single-family homes decreased month-to-month from $1.93 Million in October 2023 to $1.9 Million in October 2024. The number of homes sold was 358 while the number of new listings was 422. The median price for condos/ townhouses was $877.5Kwith 141 new listings and 103 homes sold.

422 New Listings

358 Sold Listings

1.4 Months of Inventory $1.9M

Median Sale Price 105.3%

Median Sale vs List Price 27

Avg Days on Market

SINGLE FAMILY HOMES

CONDOS & TOWNHOMES

141 New Listings

103 Sold Listings

2.6 Months of Inventory

$877.5K

Median Sale Price

100.6%

Median Sale vs List Price

34 Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Single Family Homes

The median sales price has decreased from $1 93 million in October 2023 to $1.9 million in October 2024.

Condos & Townhomes

The median sales price has decreased from $910K last October 2023 to $877 5K in October 2024

Single Family Homes

The average days on market was 22 in October 2023 and has increased to 27 in October 2024.

Condos & Townhomes

The average days on market last October 2023 was 39 and gone down to 34 days in October 2024

Single Family Homes

The overbid percentage was 103 3% in October 2023 and is now 105 3% in October 2024

Condos & Townhomes

The overbid percentage was 100 5% in October 2023 has increased to 100 6% in October 2024

Alameda County

What's in the Alameda data?

Alameda’s median sold price for single-family homes slightly increased month-to-month from $1.215 Million in October 2023 to $1.26 Million in October 2024. The number of homes sold was 778 while the number of new listings was 907. The median price for condos/ townhouses was $715K with 355 new listings and 219 homes sold.

vs List Price 23 Avg Days on Market 778 Sold Listings

355 New Listings

219 Sold Listings

3.1 Months of Inventory

$715K

Median Sale Price

101.1%

Median Sale vs List Price

CONDOS & TOWNHOMES

33

Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Jul2024Aug2024Sept2024Oct2024

Single Family Homes

The median sales price has increased from $1.215 Million in October2023 to $1.26 Million in October 2024

Condos & Townhomes

The median sales price has decreased from $727 5K last October 2023 to $715K in October 2024

Single Family Homes

The average days on market was 18 days last October 2023 and has slightly increased to 23 days in October 2024

Condos & Townhomes

The average days on market last October 2023 was 23 days and has increased to only 33 days in October 2024

Single Family Homes

The overbid percentage was 108 6% in October 2023 and has slightly decreased to 107 9% in October 2024

Condos & Townhomes

The overbid percentage was 102 9% last October 2023 and has slightly decreased to 101 1% in October 2024

San Francisco County

What's in the San Francisco data?

San Francisco's median sold price for single-family homes was $1.65 Million in October 2023 and increased to $1.75 Million in October 2024. The number of homes sold was 244 while the number of new listings was 276. The median price for condos/ townhouses was $1.25Million with 268 new listings and 194 homes sold.

244 Sold Listings

276 New Listings 1.5 Months of Inventory $1.75M Median Sale Price 112.6%

Median Sale vs List Price 21

Avg Days on Market

SINGLE FAMILY HOMES

Francisco

268 New Listings

194 Sold Listings

4.1 Months of Inventory

$1.25M

Median Sale Price

102.2%

Median Sale vs List Price

47 Avg Days on Market

SINGLE FAMILY HOMES

Last 12 months, year-over-year

CONDOS

Last 12 months, year-over-year

Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024

Single Family Homes

The median sales price has increased from $1 65 million in October 2023 to $1 75million in October 2024

Condos & Townhomes

The median sales price has increased from $1 11 million last October 2023 to $1 25 Million in October 2024

Single Family Homes

The average days on market was 22 days last October 2023 and is now 21 days in October 2024

Condos & Townhomes

The average days on market last October 2023 was 45 days and is now at 47 days in October 2024

Single Family Homes

The overbid percentage is up from 107 8% last October 2023 to now 112 6% in October 2024

Condos & Townhomes

The overbid percentage last October 2023 was 99.9% and increased to 102.2% in October 2024

This data is sourced from MLS for the period 11/2023 thru 11/2024. 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

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