Your Latest Bi-Weekly San Francisco Bay Area Market Update - October 23, 2024

Good afternoon!

Here is your latest bi-weekly San Francisco Bay Area Market Update. Please let me know if you have any thoughts and/or questions.!

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 10/23/2024

• Months Supply of Inventory: down: 2.3 months (was 2.5)

• # of New Properties on Market Last 7 Days: up: 391 (was 386)

• # of Properties Under Contract Last 7 Days: slightly down: 219 (was 227)

• # of currently Available Properties: slightly down: 2,251 (was 2,295)

• Median Listing Price

  Single Family: slightly down: $1.17mil (was $1.2mil)

  Condos/Townhomes: down: $685k (was $700k)

  Multi-unit up to 4 units: down: $995k (was $1.1mil)

• Median Sold Price (last 30 days)

  Single Family: up: $1.27mil (was $1.23mil)

  Condos/Townhomes: down: $700k (was $724k)

  Multi-unit up to 4 units: down: $980k (was $1.1mil)

• Median days on market: slightly quicker: 14 (was 15)

• Homes Sold in the last 7 Days: up: 223 (was 186)

• Homes Sold in the last 30 Days: up: 975 (was 914)

Contra Costa County as of 10/23/2024

• Months Supply of Inventory: same: 2.3 months

• # of New Properties on Market Last 7 Days: down: 325 (was 358)

• # of Properties Under Contract Last 7 Days: up: 261 (was 212)

• # of currently Available Properties: down: 1,917 (was 1,958)

• Median Listing Price

  Single Family: down: $825k (was $932k)

  Condos/Townhomes: down: $520k (was $569k)

  Multi-unit up to 4 units: up: $1.1mil (was $823k)

• Median Sold Price (last 30 days)

  Single Family: slightly up: $875k (was $859k)

  Condos/Townhomes: down: $604k (was $639k)

  Multi-unit up to 4 units: down: $653k (was $902k)

• Median days on market: slightly quicker: 15 (was 18)

• Homes Sold in the last 7 Days: up: 203 (was 158)

• Homes Sold in the last 30 Days: down: 833 (was 839)

   

Marin County as of 10/23/2024

• Months Supply of Inventory: down: 2.4 months (was 2.7)

• # of New Properties on Market Last 7 Days: same: 65

• # of Properties Under Contract Last 7 Days: slightly down: 64 (was 65)

• # of currently Available Properties: slightly up: 555 (was 542)

• Median Listing Price

  Single Family: down: $1.5mil (was $1.7mil)

  Condos/Townhomes: down: $644k (was $734k)

  Multi-unit up to 4 units: down: $1.5mil (was $1.9mil)

• Median Sold Price (last 30 days)

  Single Family: slightly down: $1.7mil (was $1.8mil)

  Condos/Townhomes: slightly down: $750k (was $760k)

  Multi-unit up to 4 units: slightly up: $1.2mil (was $1.1mil)

• Median days on market: slower: 24 (was 20)

• Homes Sold in the last 7 Days: down: 53 (was 60)

• Homes Sold in the last 30 Days: up: 230 (was 202)

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