Martin Santiago - May 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.

WhySomeHomesSell FasterThanOthers

As you think ahead to your own move, you may have noticed some houses sell within days, while others linger. But why is that? As Redfin says:

“. . . today’s housing market has been topsy-turvy since the pandemic. Low inventory (though rising) and high prices have created a strange mix: Some homes are flying off the market, while others sit for weeks.”

That may leave you wondering what you should expect when you sell. Let’s break it down and give you some actionable tips on how to make sure your house is one that sells quickly.

Alameda County

What's in the Alameda data?

There were 2,355 single-family homes for sale, providing 1.9 months of inventory. There were 1,198 new listings, and 671 homes sold at a median price of $1.3m. The median overbid percentage was at 107.2%, with an average of 23 days on the market.

There were 1,201 condo and townhome units for sale, providing 3.8 months of inventory. There were 433 new listings and 218 units sold at a median sale price of $728k. The median overbid percentage was at 100 3%, with an average of 32 days on the market.

He-Family Homes

1,198 New Listings

671 Sold Listings

1.9 Months of Inventory

$1.3M Median Sale Price

107.2%

Median Sale vs List

23 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in Alameda, Albany, Berkeley, Castro Valley, Emeryville, Fremont, Hayward, leasanton, San Leandro, Oakland, 94601, 94602, 94603, 94605, 94606, 94607, 9, 94610, 94611, 94612, 94618, 94619, and 94705 from April 2024 to April may include preliminary data, and may vary from the time the data was data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Peninsula Estates | Burlingame | San Mateo 2025. Each office is independently owned and operated.

433

New Listings

218 Sold Listings

3.8

Months of Inventory

100.3%

Median Sale vs List

$728K

Median Sale Price

32

Avg Days on Market

AlamedaCounty

APRIL 2024 - APRIL 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 decreased from $1 4m last April 2024, to $1 3m as of April 2025

Condos & Townhomes

The median sale price has decreased from $750k last April 2024, to $728k as of April 2025

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last April 2024, to 23 days as of April 2025

Condos & Townhomes

The average time spent on the market went up from 24 days in April 2024, to 32 days as of April 2025.

Overbids

Single-Family Homes

The overbid percentage has decreased from 109 8% last April 2024, to 107 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.3% last April 2024, to 100.3% 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.