Your Weekly San Francisco Bay Area Market Update - September 25, 2024

Good afternoon, happy Wednesday!

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

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 9/25/2024

• Months Supply of Inventory: up from last week: 2.7 months (was 2.5)

• # of New Properties on Market Last 7 Days: down from last week: 433 (was 501)

• # of Properties Under Contract Last 7 Days: down from last week: 237 (was 276)

• # of currently Available Properties: up from last week: 2,325 (was 2,282)

• Median Listing Price

  Single Family: up from last week: $1.25mil (was $1.18mil)

  Condos/Townhomes: down from last week: $677k (was $769k)

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

• Median Sold Price (last 30 days)

  Single Family: slightly down from last week: $1.25mil (was $1.26mil)

  Condos/Townhomes: slightly down from last week: $730k (was $736k)

  Multi-unit up to 4 units: down from last week: $935k (was $1.14mil)

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

• Homes Sold in the last 7 Days: down from last week: 187 (was 203)

• Homes Sold in the last 30 Days: down from last week: 870 (was 903)

Contra Costa County as of 9/25/2024

• Months Supply of Inventory: up from last week: 2.4 months (was 2.2)

• # of New Properties on Market Last 7 Days: down from last week: 378 (was 412)

• # of Properties Under Contract Last 7 Days: down from last week: 219 (was 234)

• # of currently Available Properties: up from last week: 1,972 (was 1,948)

• Median Listing Price

  Single Family: up from last week: $939k (was $897k)

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

  Multi-unit up to 4 units: up from last week: $1.4mil (was $750k)

• Median Sold Price (last 30 days)

  Single Family: up from last week: $860k (was $841k)

  Condos/Townhomes: slightly down from last week: $590k (was $597k)

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

• Median days on market: same as last week: 20

• Homes Sold in the last 7 Days: down from last week: 150 (was 193)

• Homes Sold in the last 30 Days: down from last week: 834 (was 885)

   

Marin County as of 9/25/2024

• Months Supply of Inventory: slightly up from last week: 3.1 months (was 3)

• # of New Properties on Market Last 7 Days: down from last week: 71 (was 106)

• # of Properties Under Contract Last 7 Days: slightly down from last week: 85 (was 89)

• # of currently Available Properties: slightly down from last week: 552 (was 558)

• Median Listing Price

  Single Family: up from last week: $1.9mil (was $1.8mil)

  Condos/Townhomes: up from last week: $853k (was $825k)

  Multi-unit up to 4 units: same as last week: $1.3mil

• Median Sold Price (last 30 days)

  Single Family: up from last week: $1.75mil (was $1.6mil)

  Condos/Townhomes: down from last week: $760k (was $783k)

  Multi-unit up to 4 units: down from last week: $1.27mil (was $1.3mil)

• Median days on market: slower than last week: 24 (was 13)

• Homes Sold in the last 7 Days: up from last week: 45 (was 36)

• Homes Sold in the last 30 Days: slightly up from last week: 178 (was 171)

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

Bay Area summer is here! Enjoy this beautiful weather and wishing you all a great rest of your week and an awesome weekend! 

Best,
Basak