Martin Santiago - February 2025 Market Report | Peninsula Estates (Alameda County)

Page 1


Peninsula Estates

Alameda County

Jump to Alameda County Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

BuyerBrightSpot: ThereAreMoreHomesonthe Market

The past few years have been challenging for homebuyers, especially with higher home prices and mortgage rates. And if you’re trying to buy a home, it’s easy to worry you won’t be able to find something in your budget.

But here’s what you need to know. The number of homes for sale has grown a whole lot lately and that’s true for both existing (previously lived-in) and newly built homes. Here’s a look at those two bright spots for buyers right now and why they may make it a bit easier to find the home you’re been looking for.

Alameda County

What's in the Alameda data?

There were 1,305 single-family homes for sale, providing 1.8 months of inventory. There were 773 new listings, and 324 homes sold at a median price of $1.1m. The median overbid percentage was at 101%, with an average of 27 days on the market.

There were 777 condo and townhome units for sale, providing 3 months of inventory. There were 387 new listings and 143 units sold at a median sale price of $680k. The median overbid percentage was at 97 7%, with an average of 40 days on the market.

He-Family Homes

773 New Listings

324 Sold Listings

1.8 Months of Inventory

$1.1M

Median Sale Price

101%

Median Sale vs List

27 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in the California Area from January 2024 to January 2025. This may include ata, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2025. Each office is independently owned and operated.

387 New Listings 3 Months of Inventory

Listings

AlamedaCounty

JANUARY 2024 - JANUARY 2025

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 1m last January 2024, to $1 1m as of January 2025

Condos & Townhomes

The median sale price has decreased from $690k last January 2024, to $680k as of January 2025

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 24 days last January 2024, to 27 days as of January 2025

Condos & Townhomes

The average time spent on the market went up from 35 days in January 2024, to 40 days as of January 2025.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 1% last January 2024, to 101% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.9% last January 2024, to 97.7% a year later.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.