Market Update
BAY AREA | JULY 2024
Santa Clara
San Mateo
Alameda
San Francisco
Santa Clara County
What's in the Santa Clara data?
Santa Clara’s median sold price for single-family homes decreased from $1.95 Million in June 2024 to $1.86 Million in July 2024. The number of homes sold was 805 while the number of new listings was 986. The median price for condos/ townhouses is at $950k with 462 new listings and 307 homes sold.
974
462
New Listings
307 Sold Listings
2.1 Months of Inventory
$950K
Median Sale Price
103%
Median Sale vs List Price
22
Avg Days on Market
SANTA
CLARA COUNTY | JULY 2023 - JULY 2024
SINGLE FAMILY HOMES
Last 12 months, year-over-year
Last 12 months, year-over-year
Single Family Homes
The median sales price increased year over year from $1 77 Million in July 2023 to $1 86 Million in July 2024
Condos & Townhomes
The median sales price increased year over year from $965k in July 2023 to $950k in July 2024
Single Family Homes
The average days on market has increased a bit from 16 days last July 2023 to only 16 days in July 2024
Condos & Townhomes
The average days on market last July 2023 was 23 days and remains the same to 22 days in July 2024
Single Family Homes
The overbid percentage has increased from 106% in July 2023 to now 105% in July 2024
Condos & Townhomes
The overbid percentage last July 2023 was 103% and remains the same of 103% in July 2024
San Mateo County
What's in the San Mateo data?
San Mateo's median sold price for single-family homes increased month-to-month from $1.95 Million in June 2024 to $2 Million in July 2024. The number of homes sold was 315 while the number of new listings was 408. The median price for condos/ townhouses was $1.05 Million with 168 new listings and 100 homes sold.
408 New Listings
315 Sold Listings
1.7 Months of Inventory $2M Median Sale Price 106%
Median Sale vs List Price 21
Avg Days on Market
SINGLE FAMILY HOMES
CONDOS & TOWNHOMES
168 New Listings
100 Sold Listings
2.9 Months of Inventory $1.05M
Median Sale Price
102%
Median Sale vs List Price
27
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Single Family Homes
The median sales price has increased from $1 80 Million last July 2023 to $2 Million in July 2024
Condos & Townhomes
The median sales price has increased from $927K last July 2023 to $1M in July 2024
Single Family Homes
The average days on market was 21 in July 2023 and has slightly decreased to 22 in July 2024
Condos & Townhomes
The average days on market last July 2023 was 32 and gone up to 27 days in July 2024
Single Family Homes
The overbid percentage was 104% in July 2023 and is now 106% in July 2024
Condos & Townhomes
The overbid percentage was 103% in July 2023 and has decreased slightly to 102% in July 2024
Alameda County
What's in the Alameda data?
Alameda’s median sold price for single-family homes slightly decreased month-to-month from $1.35 Million in June 2024 to $1.28 Million in July 2024. The number of homes sold was 764 while the number of new listings was 998. The median price for condos/ townhouses was $731.5k with 364 new listings and 216 homes sold.
764 Sold Listings
998 New Listings 1.6 Months of Inventory $1.28M Median Sale Price
Median Sale vs List Price
Avg Days on Market
SINGLE FAMILY HOMES
364 New Listings
216 Sold Listings
2.9 Months of Inventory
$731.5K
Median Sale Price
101%
Median Sale vs List Price
CONDOS & TOWNHOMES
27
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Jul2023Aug2023Sept2023Oct2023Nov2023Dec2023Jan2024Feb2024Mar2024Apr2024May2024Jun2024 Jul2024
Single Family Homes
The median sales price has increased from $1.26 Million in July 2023 to $1.28 Million in July 2024
Condos & Townhomes
The median sales price has decreased from $735k last July 2023 to $731 5k in July 2024
Single Family Homes
The average days on market was 17 days last July 2023 and has slightly increased to 19 days in July 2024
Condos & Townhomes
The average days on market last July 2023 was 19 days and has increased to only 27 days in July 2024
Single Family Homes
The overbid percentage was 109% in July 2023 and has slightly decreased to 107% in July 2024
Condos & Townhomes
The overbid percentage was 103% last July 2023 and has slightly decreased to 101% in July 2024
San Francisco County
What's in the San Francisco data?
San Francisco's median sold price for single-family homes was $1.63 Million in June2024 and decreased to $1.60 Million in July 2024. The number of homes sold was 209 while the number of new listings was 2032. The median price for condos/ townhouses was $1.31 Million with 224 new listings and 179 homes sold.
202 New Listings
209 Sold Listings
1.2 Months of Inventory
$1.60M
Median Sale Price 111%
Median Sale vs List Price 22
Avg Days on Market
SINGLE FAMILY HOMES
San Francisco at a
224 New Listings
179 Sold Listings
3.6 Months of Inventory
$1.31M
Median Sale Price
102%
Median Sale vs List Price
51 Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Single Family Homes
The median sales price has increased from $1 45 Million in July 2023 to $1 6 Million in July 2024
Condos & Townhomes
The median sales price has decreased from $1 16 Million last July 2023 to $1 13 Million in July 2024
Single Family Homes
The average days on market was 29 days last July 2023 and is now 22 days in July 2024
Condos & Townhomes
The average days on market last July 2023 was 49 days and is now at 51 days in July 2024
Single Family Homes
The overbid percentage is up from 108% last July 2023 to now 111% in June 2024
Condos & Townhomes
The overbid percentage last July 2023 was 100% and remains the same of 102% in July 2024
This data is sourced from MLS for the period 8/2023 thru 8/2024. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams
Thrive and Keller Williams Santa Clara Valley Each Office is independently owned and operated