Your Weekly San Francisco Bay Area Market Update - August 28, 2024

Good afternoon!

Here is your latest San Francisco Bay Area Market Update!

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 8/28/2024

• Months Supply of Inventory: slightly up from last week: 2.3 months (was 2.2) - still a sellers' market

• # of New Properties on Market Last 7 Days: down from last week: 386 (was 428)

• # of Properties Under Contract Last 7 Days: up from last week: 238 (was 225)

• # of currently Available Properties: up from last week: 2,142 (was 2,114)

• Median Listing Price

  Single Family: up from last week: $1.25mil (was $1.2mil)

  Condos/Townhomes: up from last week: $675k (was $640k)

  Multi-unit up to 4 units: down from week: $979k (was $1.1mil)

• Median Sold Price (last 30 days)

  Single Family: slightly up from last week: $1.25mil (was $1.24mil)

  Condos/Townhomes: down from last week: $697k (was $703k)

  Multi-unit up to 4 units: up from last week: $1.18mil (was $1.15mil)

• Median days on market: slightly quicker than last week: 13 (was 15)

• Homes Sold in the last 7 Days: down from last week: 214 (was 223)

• Homes Sold in the last 30 Days: down from last week: 904 (was 934)

Contra Costa County as of 8/28/2024

• Months Supply of Inventory: slightly up from last week: 2.2 months (was 2.18) - still a seller's market

• # of New Properties on Market Last 7 Days: down from last week: 316 (was 343)

• # of Properties Under Contract Last 7 Days: up from last week: 217 (was 209)

• # of currently Available Properties: up from last week: 1,830 (was 1,819)

• Median Listing Price

  Single Family: up from last week: $918k (was $899k)

  Condos/Townhomes: up from last week: $649k (was $585k)

  Multi-unit up to 4 units: up from last week: $1.1mil (was $893k)

• Median Sold Price (last 30 days)

  Single Family: down from last week: $860k (was $875k)

  Condos/Townhomes: slightly down from last week: $585k (was $599k)

  Multi-unit up to 4 units: same as last week: $805k

• Median days on market: slower than last week: 20 (was 14)

• Homes Sold in the last 7 Days: down from last week: 186 (was 204)

• Homes Sold in the last 30 Days: up from last week: 822 (was 807)

   

Marin County as of 8/28/2024

• Months Supply of Inventory: up from last week: 2.7 months (was 2.4) - still a seller's market

• # of New Properties on Market Last 7 Days: down from last week: 63 (was 73)

• # of Properties Under Contract Last 7 Days: slightly down from last week: 60 (was 61)

• # of currently Available Properties: same as last week!: 454

• Median Listing Price

  Single Family: up from last week: $1.8mil (was $1.6mil)

  Condos/Townhomes: down from last week: $619k (was $869k)

  Multi-unit up to 4 units: up from last week: $2mil (was $1.7mil)

• Median Sold Price (last 30 days)

  Single Family: slightly down from last week: $1.4mil (was $1.45mil)

  Condos/Townhomes: down from last week: $675k (was $815k)

  Multi-unit up to 4 units: slightly down from last week: $3.25mil (was $3.3mil)

• Median days on market: slower than last week: 26 (was 22)

• Homes Sold in the last 7 Days: slightly up from last week: 38 (was 37)

• Homes Sold in the last 30 Days: down from last week: 171 (was 186)

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

Have a wonderful week!

Best,
Basak