Your Bi-Weekly San Francisco Bay Area Market Update - October 9, 2024

by Basak Cakici

Happy Wednesday everyone!Moving forward, I decided to send the market updates every other week instead of weekly to help assess trends at a higher level. So, here is your latest San Francisco Bay Area Market Update! Please let me know if you have any thoughts and/or questions. I'm here to help.

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 10/9/2024

Months Supply of Inventory: up: 2.5 months (was 2.7)
# of New Properties on Market Last 7 Days: down: 386 (was 433)
# of Properties Under Contract Last 7 Days: down: 227 (was 227)
# of currently Available Properties: up: 2,295 (was 2,325)
Median Listing Price
Single Family: down: $1.2mil (was $1.25mil)
Condos/Townhomes: down: $700k (was $677k)
Multi-unit up to 4 units: same: $1.1mil
Median Sold Price (last 30 days)
Single Family: down: $1.23mil (was $1.25mil)
Condos/Townhomes: down: $724k (was $730k)
Multi-unit up to 4 units: up: $1.1mil (was $935k)
Median days on market: same: 15
Homes Sold in the last 7 Days: slightly down: 186 (was 187)
Homes Sold in the last 30 Days: down: 914 (was 870)

Contra Costa County as of 10/9/2024

Months Supply of Inventory: down: 2.3 months (was 2.4)
# of New Properties on Market Last 7 Days: down: 358 (was 378)
# of Properties Under Contract Last 7 Days: down: 212 (was 219)
# of currently Available Properties: down: 1,958 (was 1,972)
Median Listing Price
Single Family: down: $932k (was $939k)
Condos/Townhomes: down: $569k (was $598k)
Multi-unit up to 4 units: down: $823k (was $1.4mil)
Median Sold Price (last 30 days)
Single Family: slightly down: $859k (was $860k)
Condos/Townhomes: up: $639k (was $590k)
Multi-unit up to 4 units: down: $902k (was $1.1mil)
Median days on market: same: 18
Homes Sold in the last 7 Days: slightly up: 158 (was 150)
Homes Sold in the last 30 Days: slightly up: 839 (was 834)

Marin County as of 10/9/2024

Months Supply of Inventory: down: 2.7 months (was 3.1)
# of New Properties on Market Last 7 Days: down: 65 (was 71)
# of Properties Under Contract Last 7 Days: down: 65 (was 85)
# of currently Available Properties: down: 542 (was 552)
Median Listing Price
Single Family: down: $1.7mil (was $1.9mil)
Condos/Townhomes: down: $734k (was $853k)
Multi-unit up to 4 units: up: $1.9mil (was $1.3mil)
Median Sold Price (last 30 days)
Single Family: up: $1.8mil (was $1.7mil)
Condos/Townhomes: same: $760k
Multi-unit up to 4 units: down: $1.1mil (was $1.27mil)
Median days on market: quicker: 20 (was 24)
Homes Sold in the last 7 Days: up: 60 (was 45)
Homes Sold in the last 30 Days: up: 202 (was 178)

As always, if there's a specific city or neighborhood you're interested in, please let me know!

Have a wonderful rest of your week and a happy weekend!

Best,
Basak

GET MORE INFORMATION

Basak Cakici

Realtor & Architect | License ID: DRE# 02035715

+1(510) 684-3939