Your Weekly San Francisco Bay Area Market Update - August 14, 2024

Here is your latest San Francisco Bay Area Market Update!

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 8/14/2024

Months Supply of Inventory: same as last week: 2.2 months - still a sellers' market
# of New Properties on Market Last 7 Days: up from last week: 413 (was 376)
# of Properties Under Contract Last 7 Days: up from last week: 238 (was 210)
# of currently Available Properties: same as last week! 2,085
Median Listing PriceSingle Family: same as last week: $1.2milCondos/Townhomes: up from last week: $749k (was $707k)Multi-unit up to 4 units: down from week: $1.15mil (was $1.175mil)
Median Sold Price (last 30 days)Single Family: slightly down from last week: $1.25mil (was $1.28mil)Condos/Townhomes: down from last week: $695k (was $707k)Multi-unit up to 4 units: up from last week: $1mil (was $985k)
Median days on market: quicker than last week: 14 (was 16)
Homes Sold in the last 7 Days: up from last week: 206 (was 194)
Homes Sold in the last 30 Days: down from last week: 940 (was 955)

Contra Costa County as of 8/14/2024

Months Supply of Inventory: down from last week: 2.25 months (was 2.4) - still a seller's market
# of New Properties on Market Last 7 Days: down from last week: 319 (was 330)
# of Properties Under Contract Last 7 Days: slightly down from last week: 238 (was 244)
# of currently Available Properties: down from last week: 1,820 (was 1,872)
Median Listing PriceSingle Family: down from last week: $875k (was $899k)Condos/Townhomes: up from last week: $579k (was $535k)Multi-unit up to 4 units: up from last week: $1.27mil (was $879k)
Median Sold Price (last 30 days)Single Family: down from last week: $870k (was $917k)Condos/Townhomes: up from last week: $600k (was $582k)Multi-unit up to 4 units: up from last week: $873k (was $843k)
Median days on market: quicker than last week: 16 (was 18)
Homes Sold in the last 7 Days: up from last week: 196 (was 161)
Homes Sold in the last 30 Days: up from last week: 809 (was 793)

Marin County as of 8/14/2024

Months Supply of Inventory: up from last week: 2.2 months (was 2) - still a seller's market
# of New Properties on Market Last 7 Days: slightly up from last week: 67 (was 63)
# of Properties Under Contract Last 7 Days: up from last week: 63 (was 54)
# of currently Available Properties: up from last week: 429 (was 413)
Median Listing PriceSingle Family: slightly down from last week: $1.6mil (was $1.68mil)Condos/Townhomes: down from last week: $795k (was $825k)Multi-unit up to 4 units: $2.1mil
Median Sold Price (last 30 days)Single Family: slightly down from last week: $1.4mil (was $1.46mil)Condos/Townhomes: slightly up from last week: $793k (was $784k)Multi-unit up to 4 units: up from last week: $2.3mil (was $1.1mil)
Median days on market: slightly slower than last week: 43 (was 42)
Homes Sold in the last 7 Days: down from last week: 37 (was 42)
Homes Sold in the last 30 Days: down from last week: 195 (was 208)

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

Have a wonderful week!

Best,
Basak

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Basak Cakici

Realtor & Architect | License ID: DRE# 02035715