Market Update
BAY AREA | SEPTEMBER 2024
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 $1.84 Million in September 2023 to $1.9 Million in September 2024. The number of homes sold was 640 while the number of new listings was 1,044. The median price for condos/ townhouses is at $1.004 Million with 286 new listings and 491homes sold.
1,044 New Listings
640 Sold Listings
1.7 Months of Inventory $1.9M
Median Sale Price 1045%
Median Sale vs List Price
21
Avg Days on Market
SINGLE FAMILY HOMES
491 New Listings
286 Sold Listings
2.4 Months of Inventory
$1.004M
Median Sale Price
102.2%
Median Sale vs List Price
29
Avg Days on Market
SANTA CLARA COUNTY | SEPTEMBER 2023 - SEPTEMBER 2024
SINGLE FAMILY HOMES
Last 12 months, year-over-year
Last 12 months, year-over-year
Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024July2024Aug2024Sept2024
Single Family Homes
Condos & Townhomes
The median sales price decreased year-over-year from $1.03 million in September 2023 to $1.004 million in September 2024
Single Family Homes
The average days on market increased the same, from 20 days in September 2023 to 21 days in September 2024
Condos & Townhomes
The median sales price increased year over year, from $1.84 million in September 2023 to $1.9 million in September 2024. Sept2023Oct2023Nov2023Dec2023
The average days on market in September 2023 was 17 days and increased to 29 days in September 2024
Single Family Homes
The overbid percentage has decreased from 105 4% in September 2023 to now 105% in September 2024
Condos & Townhomes
The overbid percentage in September 2023 was 103 1% and decreased to 102 2% in September 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 $1.84 Million in September 2023 to $1.78 Million in September 2024. The number of homes sold was 330 while the number of new listings was 481. The median price for condos/ townhouses was $894k with 162 new listings and 110 homes sold.
481 New Listings
330 Sold Listings
1.7 Months of Inventory $1.78M
Median Sale Price 105.6%
Median Sale vs List Price 24
Avg Days on Market
SINGLE FAMILY HOMES
CONDOS & TOWNHOMES
162 New Listings
110 Sold Listings
2.7 Months of Inventory
$894K
Median Sale Price
100.6%
Median Sale vs List Price
41
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024
Single Family Homes
The median sales price has increased from $1 84 million in September 2023 to $1.94 million in September 2024.
Condos & Townhomes
The median sales price has decreased from $1 05M last August 2023 to $910K in August 2024
Single Family Homes
The average days on market was 24 in September 2023 and has remained the same at 24 in September 2024.
Condos & Townhomes
The average days on market last September 2023 was 34 and gone up to 41 days in September 2024
Single Family Homes
The overbid percentage was 103 4 % in September 2023 and is now 105 6% in September 2024
Condos & Townhomes
The overbid percentage was 100 6% in September 2023 has remained the same to 100 6% in September 2024
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes slightly decreased month-to-month from $1.3 Million in September 2023 to $1.25 Million in September 2024. The number of homes sold was 647 while the number of new listings was 1,113. The median price for condos/ townhouses was $729K with 419 new listings and 197 homes sold.
1,113 New Listings
647 Sold Listings
2.1 Months of Inventory $1.25M
Median Sale Price
106.4%
Median Sale vs List Price
25
Avg Days on Market
SINGLE FAMILY HOMES
419 New Listings
197 Sold Listings
3.5 Months of Inventory
$729K
Median Sale Price
101.3%
Median Sale vs List Price
CONDOS & TOWNHOMES
31
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024
Single Family Homes
The median sales price has decreased from $1.3 Million in September 2023 to $1.25 Million in September 2024
Condos & Townhomes
The median sales price has decreased from $730k last September 2023 to $729k in September 2024
Single Family Homes
The average days on market was 18 days last September 2023 and has slightly increased to 25 days in September 2024
Condos & Townhomes
The average days on market last September 2023 was 25 days and has increased to only 35 days in September 2024
Single Family Homes
The overbid percentage was 108 7% in September 2023 and has slightly decreased to 106 5% in September 2024
Condos & Townhomes
The overbid percentage was 102 4% last September 2023 and has slightly decreased to 101 3% in September 2024
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes was $1.58 Million in September 2023 and increased to $1.6 Million in September 2024. The number of homes sold was 152 while the number of new listings was 388. The median price for condos/ townhouses was $1.15 Million with 463 new listings and 131 homes sold.
388 New Listings
152 Sold Listings
2.7 Months of Inventory
$1.6M
Median Sale Price
112.2%
Median Sale vs List Price
26
Avg Days on Market
SINGLE FAMILY HOMES
San Francisco at a
463 New Listings
131 Sold Listings
6.3 Months of Inventory
$1.15M
Median Sale Price
102.5%
Median Sale vs List Price
52
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024Aug2024Sept2024
Single Family Homes
The median sales price has increased from $1 58 million in September 2023 to $1 61million in September 2024
Condos & Townhomes
The median sales price has increased from $1 11 million last September 2023 to $1 15 Million in September 2024
Single Family Homes
The average days on market was 28 days last September 2023 and is now 26 days in September 2024
Condos & Townhomes
The average days on market last September 2023 was 53 days and is now at 52 days in September 2024
Single Family Homes
The overbid percentage is up from 107 1% last September 2023 to now 112 2% in September 2024
Condos & Townhomes
The overbid percentage last September 2023 was 98.9% and increased to 102.5% in September 2024
This data is sourced from MLS for the period 10/2023 thru 10/2024. 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