Your Weekly San Francisco Bay Area Market Update - August 7, 2024

Good morning!

Here is your latest San Francisco Bay Area Market Update! 

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 8/7/2024

• Months Supply of Inventory: slightly up from last week: 2.2 months (was 2.1) - still a sellers' market

• # of New Properties on Market Last 7 Days: down from last week: 376 (was 418)

• # of Properties Under Contract Last 7 Days: down from last week: 210 (was 246)

• # of currently Available Properties: slightly down from last week: 2,085 (was 2,109)

• Median Listing Price

  Single Family: slightly up from last week: $1.2mil (was $1.15)

  Condos/Townhomes: up from last week: $707k (was $680k)

  Multi-unit up to 4 units: up from week: $1.175mil (was $1mil)

• Median Sold Price (last 30 days)

  Single Family: slightly down from last week: $1.28mil (was $1.3mil)

  Condos/Townhomes: down from last week: $707k (was $725k)

  Multi-unit up to 4 units: down from last week: $985k (was $1.1mil)

• Median days on market: slower than last week: 16 (was 14)

• Homes Sold in the last 7 Days: down from last week: 194 (was 225)

• Homes Sold in the last 30 Days: down from last week: 955 (was 979)
  

Contra Costa County as of 8/7/2024

• Months Supply of Inventory: up from last week: 2.4 months (was 2.3) - still a seller's market

• # of New Properties on Market Last 7 Days: down from last week: 330 (was 370)

• # of Properties Under Contract Last 7 Days: slightly down from last week: 244 (was 250)

• # of currently Available Properties: down from last week: 1,872 (was 1,914)

• Median Listing Price

  Single Family: down from last week: $899k (was $929k)

  Condos/Townhomes: down from last week: $535k (was $580k)

  Multi-unit up to 4 units: up from last week: $879k (was $650k)

• Median Sold Price (last 30 days)

  Single Family: down from last week: $917k (was $925k)

  Condos/Townhomes: down from last week: $582k (was $608k)

  Multi-unit up to 4 units: down from last week: $843k (was $900k)

• Median days on market: slightly slower than last week: 18 (was 17)

• Homes Sold in the last 7 Days: down from last week: 161 (was 183)

• Homes Sold in the last 30 Days: down from last week: 793 (was 839)

   

Marin County as of 8/7/2024

• Months Supply of Inventory: up from last week: 2 months (was 1.9) - still a seller's market

• # of New Properties on Market Last 7 Days: up from last week: 63 (was 53)

• # of Properties Under Contract Last 7 Days: slightly down from last week: 54 (was 56)

• # of currently Available Properties: slightly down from last week: 413 (was 421)

• Median Listing Price

  Single Family: up from last week: $1.68mil (was $1.4mil)

  Condos/Townhomes: down from last week: $825k (was $849k)

  Multi-unit up to 4 units: (not enough sample size to assess)

• Median Sold Price (last 30 days)

  Single Family: down from last week: $1.46mil (was $1.55mil)

  Condos/Townhomes: down from last week: $784k (was $819k)

  Multi-unit up to 4 units: same as last week: $1.1mil

• Median days on market: slower than last week: 42 (was 33)

• Homes Sold in the last 7 Days: down from last week: 42 (was 50)

• Homes Sold in the last 30 Days: down from last week: 208 (was 218)

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

Have a wonderful week!

Best,
Basak