Your Weekly San Francisco Bay Area Market Update - September 18, 2024

Good evening everyone!

Here is your latest San Francisco Bay Area Market Update. Please let me know if you have any thoughts and/or questions! I'm here to help.

BTW, if you're available, please stop by any (or all!) of our upcoming Open Houses and say hi - I'd love to see you! And please spread the word!

** Saturday, 9/14 & Sunday 9/15:

    10am - 12pm, 6022 Old Quarry Loop, Oakland ($20,000 price adjustment today!)

    2-4pm, 3660 Calafia Avenue, Oakland

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 9/18/2024

• Months Supply of Inventory: same as last week: 2.5 months

• # of New Properties on Market Last 7 Days: down from last week: 501 (was 564)

• # of Properties Under Contract Last 7 Days: up from last week: 276 (was 227)

• # of currently Available Properties: up from last week: 2,282 (was 2,230)

• Median Listing Price

  Single Family: slightly down from last week: $1.18mil (was $1.2mil)

  Condos/Townhomes: up from last week: $769k (was $699k)

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

• Median Sold Price (last 30 days)

  Single Family: up from last week: $1.26mil (was $1.18mil)

  Condos/Townhomes: down from last week: $736k (was $745k)

  Multi-unit up to 4 units: down from last week: $1.14mil (was $1.27mil)

• Median days on market: slightly slower than last week: 14 (was 13)

• Homes Sold in the last 7 Days: up from last week: 203 (was 195)

• Homes Sold in the last 30 Days: same as last week: 903

Contra Costa County as of 9/18/2024

• Months Supply of Inventory: slightly up from last week: 2.2 months (was 2.15)

• # of New Properties on Market Last 7 Days: up from last week: 412 (was 382)

• # of Properties Under Contract Last 7 Days: up from last week: 234 (was 208)

• # of currently Available Properties: up from last week: 1,948 (was 1,897)

• Median Listing Price

  Single Family: slightly down from last week: $897k (was $900k)

  Condos/Townhomes: slightly down from last week: $598k (was $600k)

  Multi-unit up to 4 units: $750k

• Median Sold Price (last 30 days)

  Single Family: slightly down from last week: $841k (was $850k)

  Condos/Townhomes: slightly up from last week: $585k (was $580k)

  Multi-unit up to 4 units: up from last week: $1.1mil (was $910k)

• Median days on market: slower than last week: 20 (was 16)

• Homes Sold in the last 7 Days: up from last week: 193 (was 175)

• Homes Sold in the last 30 Days: up from last week: 885 (was 808)

   

Marin County as of 9/18/2024

• Months Supply of Inventory: same as last week: 3.2 months

• # of New Properties on Market Last 7 Days: down from last week: 106 (was 132)

• # of Properties Under Contract Last 7 Days: up from last week: 89 (was 68)

• # of currently Available Properties: up from last week: 558 (was 534)

• Median Listing Price

  Single Family: down from last week: $1.8mil (was $2mil)

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

  Multi-unit up to 4 units: down from last week: $1.3mil (was $1.6mil)

• Median Sold Price (last 30 days)

  Single Family: up from last week: $1.6mil (was $1.48mil)

  Condos/Townhomes: down from last week: $783k (was $805k)

  Multi-unit up to 4 units: $1.3mil

• Median days on market: slightly quicker than last week: 13 (was 14)

• Homes Sold in the last 7 Days: slightly down from last week: 36 (was 47)

• Homes Sold in the last 30 Days: slightly up from last week: 171 (was 169)

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

Have a great rest of your week and an awesome weekend! I hope to see some of you!

Best,
Basak

Photo:

BERKELEY GREEK THEATER
Constructed in 1903 at the University of California, Berkeley
Designed by architect John Galen Howard

With a view of San Francisco and Golden Gate
Home to so many epic concerts and performances…
Right in our backyard!

One such epic event was last week!
Gregory Alan Isakov & Ray LaMontagne...
which was fabulous!

Here's to many more!