Your Weekly San Francisco Bay Area Market Update - July 24, 2024

Hello Bay Area community!

Here's what the market is like this week. Please reach out if you have any questions!

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 7/24/2024

• Months Supply of Inventory: up from last week: 2.3 months (was 2.1) - still a sellers' market

• # of New Properties on Market Last 7 Days: down from last week: 430 (was 507)

• # of Properties Under Contract Last 7 Days: up from last week: 228 (was 217)

• # of currently Available Properties: up from last week: 2,148 (was 2,015)

• Median Listing Price

  Single Family: same as last week: $1.2mil

  Condos/Townhomes: down from last week: $674k (was $705k)

  Multi-unit up to 4 units: same last week: $1mil

• Median Sold Price (last 30 days)

  Single Family: slightly down from last week: $1.34mil (was $1.35mil)

  Condos/Townhomes: slightly down from last week: $738k (was $745k)

  Multi-unit up to 4 units: up from last week: $1.1mil (was $1mil)

• Median days on market: same as last week: 13

• Homes Sold in the last 7 Days: down from last week: 221 (was 248)

• Homes Sold in the last 30 Days: down from last week: 940 (was 960)

Contra Costa County as of 7/24/2024

• Months Supply of Inventory: up from last week: 2.3 months (was 2.1) - still a seller's market

• # of New Properties on Market Last 7 Days: down from last week: 370 (was 447)

• # of Properties Under Contract Last 7 Days: up from last week: 250 (was 223)

• # of currently Available Properties: up from last week: 1,914 (was 1,882)

• Median Listing Price

  Single Family: up from last week: $925k (was $900k)

  Condos/Townhomes: up from last week: $627k (was $520k)

  Multi-unit up to 4 units: up from last week: $1.1mil (was $890k)

• Median Sold Price (last 30 days)

  Single Family: up from last week: $913k (was $890k)

  Condos/Townhomes: down from last week: $620k (was $655k)

  Multi-unit up to 4 units: same as last week: $880k

• Median days on market: quicker than last week: 15 (was 14)

• Homes Sold in the last 7 Days: down from last week: 171 (was 199)

• Homes Sold in the last 30 Days: down from last week: 849 (was 856)

   

Marin County as of 7/24/2024

• Months Supply of Inventory: slightly up from last week: 1.9 months (was 1.7) - still a seller's market

• # of New Properties on Market Last 7 Days: up from last week: 63 (was 54)

• # of Properties Under Contract Last 7 Days: same as last week: 64

• # of currently Available Properties: slightly up from last week: 423 (was 420)

• Median Listing Price

  Single Family: down from last week: $1.65mil (was $1.7mil)

  Condos/Townhomes: up from last week: $822k (was $746k)

  Multi-unit up to 4 units: not enough sample size to compare

• Median Sold Price (last 30 days)

  Single Family: same as last week: $1.7mil

  Condos/Townhomes: same as last week: $812k

  Multi-unit up to 4 units: up from last week: $1.1mil (was $1.05mil)

• Median days on market: quicker than last week: 28 (was 19)

• Homes Sold in the last 7 Days: down from last week: 43 (was 56)

• Homes Sold in the last 30 Days: down from last week: 227 (was 250)

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

Have a wonderful week!

Best,
Basak