Your Weekly San Francisco Bay Area Market Update - September 4, 2024

REAL ESTATE MARKET SNAPSHOT (based on local BridgeMLS data)

Alameda County as of 9/4/2024

• Months Supply of Inventory: slightly up from last week: 2.37 months (was 2.3) - still a sellers' market

• # of New Properties on Market Last 7 Days: up from last week: 406 (was 386)

• # of Properties Under Contract Last 7 Days: down from last week: 214 (was 238)

• # of currently Available Properties: slightly down from last week: 2,131 (was 2,142)

• Median Listing Price

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

  Condos/Townhomes: down from last week: $650k (was $675k)

  Multi-unit up to 4 units: down from week: $924k (was $979k)

• Median Sold Price (last 30 days)

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

  Condos/Townhomes: up from last week: $725k (was $697k)

  Multi-unit up to 4 units: up from last week: $1.27mil (was $1.18mil)

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

• Homes Sold in the last 7 Days: down from last week: 179 (was 214)

• Homes Sold in the last 30 Days: slightly down from last week: 900 (was 904)

Contra Costa County as of 9/4/2024

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

• # of New Properties on Market Last 7 Days: up from last week: 340 (was 316)

• # of Properties Under Contract Last 7 Days: down from last week: 176 (was 217)

• # of currently Available Properties: up from last week: 1,851 (was 1,830)

• Median Listing Price

  Single Family: up from last week: $940k (was $918k)

  Condos/Townhomes: down from last week: $600k (was $649k)

  Multi-unit up to 4 units: slightly up from last week: $1.15mil (was $1.1mil)

• Median Sold Price (last 30 days)

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

  Condos/Townhomes: same as last week: $585k

  Multi-unit up to 4 units: up from last week: $855k (was $805k)

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

• Homes Sold in the last 7 Days: down from last week: 175 (was 186)

• Homes Sold in the last 30 Days: down from last week: 808 (was 822)
  
  

Marin County as of 9/4/2024

• Months Supply of Inventory: down from last week: 2.1 months (was 2.7) - still a seller's market

• # of New Properties on Market Last 7 Days: up from last week: 88 (was 63)

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

• # of currently Available Properties: down from last week: 331 (was 454)

• Median Listing Price

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

  Condos/Townhomes: up from last week: $849k (was $619k)

  Multi-unit up to 4 units: up from last week: $2.15mil (was $2mil)

• Median Sold Price (last 30 days)

  Single Family: up from last week: $1.5mil (was $1.4mil)

  Condos/Townhomes: up from last week: $801k (was $675k)

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

• Median days on market: quicker than last week: 20 (was 26)

• Homes Sold in the last 7 Days: down from last week: 31 (was 38)

• Homes Sold in the last 30 Days: down from last week: 161 (was 171)

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

Have a wonderful rest of your week!

Best,
Basak