Your Latest Bi-Weekly San Francisco Bay Area Market Update - December 5, 2024
Good evening everyone! I hope you had a wonderful Thanksgiving.
Here is your latest bi-weekly San Francisco Bay Area Market Update. Please call with questions or comments!
REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)
Alameda County as of 12/5/2024
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Months Supply of Inventory: same: 1.9 months
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# of New Properties on Market Last 7 Days: down: 175 (was 220)
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# of Properties Under Contract Last 7 Days: down: 111 (was 212)
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# of currently Available Properties: down: 1,617 (was 1,878)
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Median Listing Price
Single Family: slightly down: $1.1mil (was $1.13mil)
Condos/Townhomes: slightly up: $640k (was $624k)
Multi-unit up to 4 units: down: $899k (was $1.1mil)
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Median Sold Price (last 30 days)
Single Family: same: $1.3mil
Condos/Townhomes: up: $800k (was $725k)
Multi-unit up to 4 units: same: $1mil
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Median days on market: slightly slower: 15 (was 14)
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Homes Sold in the last 7 Days: down: 108 (was 231)
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Homes Sold in the last 30 Days: down: 841 (was 995)
Contra Costa County as of 12/5/2024
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Months Supply of Inventory: down: 1.9 months (was 2.1)
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# of New Properties on Market Last 7 Days: down: 164 (was 266)
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# of Properties Under Contract Last 7 Days: down: 108 (was 178)
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# of currently Available Properties: down: 1,465 (was 1,951)
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Median Listing Price
Single Family: up: $859k (was $800k)
Condos/Townhomes: down: $588k (was $612k)
Multi-unit up to 4 units: (not enough sample size to compare)
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Median Sold Price (last 30 days)
Single Family: slightly up: $870k (was $863k)
Condos/Townhomes: same: $630k
Multi-unit up to 4 units: up: $1.1mil (was $653k)
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Median days on market: slower: 20 (was 16)
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Homes Sold in the last 7 Days: down: 88 (was 188)
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Homes Sold in the last 30 Days: down: 773 (was 914)
Marin County as of 12/5/2024
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Months Supply of Inventory: up: 2.3 months (was 2.2)
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# of New Properties on Market Last 7 Days: down: 24 (was 39)
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# of Properties Under Contract Last 7 Days: down: 19 (was 35)
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# of currently Available Properties: down: 423 (was 490)
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Median Listing Price
Single Family: down: $1.4mil (was $1.8mil)
Condos/Townhomes: down: $725k (was $785k)
Multi-unit up to 4 units: (not enough data to compare)
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Median Sold Price (last 30 days)
Single Family: slightly down: $1.7mil (was $1.73mil)
Condos/Townhomes: down: $650k (was $799k)
Multi-unit up to 4 units: down: $1.4mil (was $1.6mil)
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Median days on market: quicker: 23 (was 43)
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Homes Sold in the last 7 Days: down: 18 (was 43)
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Homes Sold in the last 30 Days: down: 181 (was 218)
As always, if there's a specific city or neighborhood you're interested in, please let me know!
Best,
Basak
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