Market Update
South Bay Area | December 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, $1.57 Million in November to $1.46 Million in December. The number of homes sold was 461 while the number of new listings was 317. The median price for condos/ townhouses is at $879k with 126 new listings and 203 homes sold.
SINGLE FAMILY HOMES 317 New Listings 1.4 Months of Inventory $1.46M Median Sale Price 98.6% Median Sale vs List Price 30 Avg Days on Market 461 Sold Listings This data is sourced from MLS for the period 012/2021 thru 12/2022 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 Silicon City 408 755 5972 Each Office is independently owned and operated
CONDOS & TOWNHOMES Santa Clara at a glance 126 New Listings 1.4 Months of Inventory $879K Median Sale Price 99.2% Median Sale vs List Price 33 Avg Days on Market 203 Sold Listings
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022
500 0
1,500 1,000
FOR SALE VS SOLD LISTINGS
Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 June2022 Jul2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 750 500 250 0
LISTINGS
SANTA CLARA | DECEMBER 2021 - DECEMBER 2022
Single Family Homes
The median sales price is down from $1 67 Million in Dec 2021 to $1 46 Million in Dec 2022
Condos & Townhomes
The median sales price has decreased from $920k last Dec 2021 to $879k in Dec 2022
Single Family Homes
The average days on market has gone up from 16 days last Dec 2021 to 30 days in Dec 2022
Condos & Townhomes
The average days on market last Dec 2021 was 23 days and has increased to 33 days in Dec 2022.
Single Family Homes
The overbid percentage has decreased from 111% in Dec 2021 to now 98% in Dec 2022
Condos & Townhomes
The overbid percentage has gone down from 103% last Dec 2021 to 99% a year later in Dec 2022
A V G D A Y S O N M A R K E T Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 $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 | DECEMBER 2022
Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 40 30 20 10 0
Dec2021 Jan2022Feb2022March2022Apr2022May2022June2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 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 $1.70 Million in November to $1.56 Million in December. The number of homes sold was 238 while the number of new listings was 141. The median price for condos/ townhouses was $813k with 41 new listings and 57 homes sold.
SINGLE FAMILY HOMES 141 New Listings 1.5 Months of Inventory $1.57M Median Sale Price 99.3% Median Sale vs List Price 37 Avg Days on Market 238 Sold Listings This data is sourced from MLS for the period 012/2021 thru 12/2022 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 Silicon City 408 755 5972 Each Office is independently owned and operated
San Mateo at a glance CONDOS & TOWNHOMES 41 New Listings 2.5 Months of Inventory $813K Median Sale Price 97.2% Median Sale vs List Price 48 Avg Days on Market 57 Sold Listings
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 June2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 750 500 250 0
LISTINGS FOR SALE VS SOLD LISTINGS
- DECEMBER 2022 Dec2021 Jan2022 Feb2022 Mar2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 300 200 100 0
SAN MATEO DECEMBER 2021
Single Family Homes
The median sales price is down from $1 8 Million from Dec 2021 to $1 57 Million in Dec 2022
Condos & Townhomes
The median sales price has decreased from $880k last Dec 2021 to $813k in Dec 2022
Single Family Homes
The average days on market is up from 23 days last Dec 2021 to 37 days in Dec 2022
Condos & Townhomes
The average days on market last Dec 2021 was 30 days and now is up to an average of 48 days in Dec 2022
Single Family Homes
The overbid percentage has gone down from 110% last Dec 2021 to now 99% in Dec 2022
Condos & Townhomes
The overbid percentage has gone down from 102% last Dec 2021 to 97% a year later
A V G D A Y S O N M A R K E T Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 $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 | DECEMBER 2022 Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 50 40 30 20 10 0 Dec2021 Jan2022Feb2022Mar2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 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 $1.15 Million in November to $1.05 Million in December. The number of homes sold was 505 while the number of new listings was 356. The median price for condos/ townhouses was $721k with 108 new listings and 189 homes sold.
SINGLE FAMILY HOMES 356 New Listings 1.3 Months of Inventory $1.05M Median Sale Price 101.5% Median Sale vs List Price 32 Avg Days on Market 505 Sold Listings This data is sourced from MLS for the period 012/2021 thru 12/2022 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 Silicon City 408 755 5972 Each Office is independently owned and operated
Alameda at a glance CONDOS & TOWNHOMES 108 New Listings 1.3 Months of Inventory $721K Median Sale Price 99.4% Median Sale vs List Price 40 Avg Days on Market 189 Sold Listings
Last 12 months, year-over-year
CONDOS
Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022
1,000 500 0
2,000 1,500
SINGLE FAMILY HOMES
FOR SALE VS SOLD LISTINGS
2022 Dec2021 Jan2022 Feb2022 March2022 Apr2022 May2022 Jun2022 July2022 Aug2022 Sept2022 Oct2022 Nov2022 Dec2022 750 500 250 0
Last 12 months, year-over-year LISTINGS
ALAMEDA DECEMBER 2021 - DECEMBER
Single Family Homes
The median sales price has decreased from $1 17 Million in Dec 2021 to $1 05 Million in Dec 2022
Condos & Townhomes
The median sales price has increased from $716k last Dec 2021 to $721k in Dec 2022
Single Family Homes
The average days on market was 19 days last Dec 2021 and is now up to 32 days in Dec 2022
Condos & Townhomes
The average days on market last Dec 2021 was 28 days and is now up to 40 days in Dec 2022
Single Family Homes
The overbid percentage is down from 113% last Dec 2021 to now 101% in Dec 2022
Condos & Townhomes
The overbid percentage has gone down from 104% last Dec 2021 to 99% a year later in Dec 2022
A V G D A Y S O N M A R K E T Dec2021Jan2022Feb2022March2022Apr2022May2022Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 $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 | DECEMBER 2022 Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022July2022Aug2022Sept2022Oct2022Nov2022Dec2022 40 30 20 10 0 Dec2021 Jan2022Feb2022March2022Apr2022May2022 Jun2022 July2022Aug2022Sept2022Oct2022Nov2022Dec2022 125% 100% 75% 50% 25% 0%
This data is sourced from MLS for the period 012/2021 thru 12/2022 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 Silicon City 408 755 5972 Each Office is independently owned and operated
