Santa Clara
San Mateo
Alameda
San Francisco
Santa Cruz
Santa Clara County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $2 15M in May 2025, up from $2 04M in May 2024
Condos & Townhomes: The median sales price fell to $978K, marking a significant yearover-year decrease from $1.07M.
Market Speed & Competition
Single-Family Homes: Properties are selling faster, with an average of 18 days on the market, up from 14 days last year.
Condos & Townhomes: The average days on market increased slightly to 24 days, compared to 15 days last year.
Overbidding Slightly Down: Single-family homes are selling at 104.4% of the list price, compared to 108.8% last year.
Condos & townhomes: Selling at 101.6% of the list price and decreased to 101.6% in May 2025.
Inventory & Market Conditions
Single-Family Homes: 1.7 months of inventory, maintaining strong competition among buyers.
Condos & Townhomes: 3 1 months of inventory, providing more options and slightly more negotiating power for buyers.
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are in high demand: If you’re thinking about selling, now is a great time homes are selling in an average of 18 days, with multiple offers pushing sale prices above asking.
Pricing strategy is crucial: With overbidding still strong, setting the right price can attract multiple offers and drive competition. Even condos and townhomes are selling at 101.6% of the list price, showing steady buyer demand.
Inventory remains relatively low: While new listings are hitting the market, supply is still below balanced levels, making it an opportune moment to sell before competition increases. Marketing matters: Buyers are still being selective, so staging, high-quality photos, and strategic pricing can help maximize your home's value and attract the right buyers.
For Buyers:
Single-family homes are competitive: Prices have increased, and homes are selling fast with a 104.4% sale-to-list price ratio. This means buyers should be prepared to act quickly and bid aggressively to secure a home
Condos & townhomes offer more opportunity: With a 3 1 month supply of inventory, buyers may have a bit more negotiating power compared to single-family homes. However, prices have also risen, so waiting too long could mean paying more later. Be prepared for overbidding: Even condos and townhomes are selling at 101.6% of list price, meaning submitting a strong initial offer is key to staying competitive. Mortgage rates matter: With prices trending upward, locking in a favorable interest rate and getting pre-approved can make a significant difference in affordability.
1,283 New Listings
774 Sold Listings
1.7 Months of Inventory $2.15M
Median Sale Price 104.4%
Median Sale vs List Price
18
Avg Days on Market
SINGLE FAMILY HOMES
584 New Listings
293 Sold Listings
3.1 Months of Inventory
$978K
Median Sale Price
101.6%
Median Sale vs List Price
24
Avg Days on Market
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 $2.04 million in May 2024 to $2.15 million in May 2025.
Condos & Townhomes
The median sales price decreased year-over-year from $1.07M in May 2024 to $978K in May 2025.
Single Family Homes
The average days on market increased from 14 days in May 2024 and 18 days in May 2025
Condos & Townhomes
The average days on market in May 2024 was 15 days and decreased to 24 days in May 2025.
Single Family Homes
The overbid percentage has decreased from 108 8% in May 2024 to now 104 4% in May 2025
Condos & Townhomes
The overbid percentage in May 2024 was 105 1% and increased to 101 6% in May 2025
San Mateo County
What's in the San Mateo County data?
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price decreased to $2.07M in May 2025, down from $2.3M in May 2024.
Condos & Townhomes: The median sales price rose to $913K, a year-over-year decrease from $930K.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 18 days, up from 15 days last year.
Condos & Townhomes: The average days on market decreased to 24 days, compared to 39 days last year
Overbidding Remains Strong: Single-family homes: Selling at 105 3% of the list price (down from 107 8% last year)
Condos & townhomes: Selling at 100 5% of the list price (down from 101 4% last year)
Inventory & Market Conditions
Single-Family Homes: 1 8 months of inventory, keeping competition high Condos & Townhomes: 3 5 months of inventory, offering buyers more options
What This Means for Buyers & Sellers
For Sellers:
Now is a great time to sell, with homes selling fast and above asking 383 single-family homes closed in May, and demand remains strong.
Strategic pricing is key overpricing may extend time on the market, especially for condos, where inventory is higher.
Marketing matters staging and high-quality presentation will help sellers maximize their price.
For Buyers:
Single-family homes are competitive, with prices up to $2.07M and homes selling at 105.3% of list price in just 18 days. Be prepared to move fast and bid aggressively.
Condos & townhomes offer more options, with a 3.5-month supply and a median price of $913K . More inventory means more negotiating power, but prices are still rising.
Overbidding is common, so expect competition single-family homes are selling at 105.3% of asking, while condos are at 100.5%.
588 New Listings
383 Sold Listings
1.8 Months of Inventory
$2.07M
Median Sale Price
105.3%
Median Sale vs List Price
18
Avg Days on Market
SINGLE FAMILY HOMES
CONDOS & TOWNHOMES
170 New Listings
102 Sold Listings
3.5 Months of Inventory
$913K
Median Sale Price
100.5%
Median Sale vs List Price
39
Avg Days on Market
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
$2,500,000
$2,000,000
$1,500,000
$1,000,000
Single Family Homes
The median sales price has decreased from $2 3 million in May 2024 to $2.07 million in May 2025.
Condos & Townhomes
The median sales price has decreased from $930K last May 2024 to $913K in May 2025
Single Family Homes
The average days on market was 15 in May 2024 and has increased to 18 in May 2025.
Condos & Townhomes
The average days on market in May 2024 was 24 and increased to 39 days in May 2025
Single Family Homes
The overbid percentage was 107 8% in May 2024 and is now 105 3% in May 2025
Condos & Townhomes
The overbid percentage was 101 4% in May 2024 has decreased to 100 5% in May 2025
Alameda County
What's in the A
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price held steady at $1 35M in May 2025, reflecting a slight decrease from last year
Condos & Townhomes: The median sales price dropped to $703K, down from $800K in May 2024, signaling a shift in buyer demand.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 22 days, up slightly from 16 days last year.
Condos & Townhomes: The average days on market increased to 32 days, up from 25 days in May 2024, indicating a slower-moving market.
Overbidding Trends: Single-family homes: Selling at 107.4% of the list price, a slight decrease from 110.7% last year.
Condos & townhomes: Selling at 100.3% of the list price, a slight decline from 103% last year.
Inventory & Market Conditions
Single-Family Homes: 2.2 months of inventory, keeping competition moderate.
Condos & Townhomes: 4.8 months of inventory, offering buyers more options and negotiating power
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are still in demand, with 720 closed sales in May and homes selling above asking. Well-priced homes are moving quickly.
Pricing strategy is critical for condos & townhomes, as higher inventory and longer market times mean sellers need to be competitive to attract buyers.
Marketing matters with more choices available in the condo market, staging and professional marketing can help maximize buyer interest and offers.
For Buyers:
Single-family homes remain competitive, with prices holding at $1.35M and homes selling at 107.4% of list price in just 22 days. Buyers should be prepared to act quickly and bid competitively.
Condos & townhomes offer more negotiating power, with a 4.8-month supply and a price drop to $703K. The increased 32-day market time suggests buyers have more flexibility.
Overbidding has eased slightly for condos, now averaging 100.3% of the list price, compared to 103% last year. However, competition for single-family homes remains strong.
1,285 New Listings
720 Sold Listings
2.2 Months of Inventory $1.35M
Median Sale Price
107.4%
Median Sale vs List Price
22
Avg Days on Market
CONDOS & TOWNHOMES
468 New Listings
188 Sold Listings
4.8 Months of Inventory
$703K
Median Sale Price
100.3%
Median Sale vs List Price
32
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 slightly decreased from from $1.37 million in May 2024 to $1.35 million in May 2025.
Condos & Townhomes
The median sales price has decreased from $800K last May 2024 to $703K in May 2025
Single Family Homes
The average days on market was 16 days last May 2024 and has increased to 22 days in May 2025
Condos & Townhomes
The average days on market last May 2024 was 25 days and has increased to only 32 days in May 2025
Single Family Homes
The overbid percentage was 110 7% in May 2024 and has slightly decreased to 107 4% in May 2025
Condos & Townhomes
The overbid percentage was 103% last May 2024 and has slightly decreased to 100 3% in May 2025
San Francisco County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $1.8M in May 2025, up from $1.69M in May 2024, showing continued demand.
Condos & Townhomes: The median sales price rose to $1.3M, up from $1.18M last year, signaling a shift in buyer preference.
Market Speed & Competition
Single-Family Homes: Homes are selling at the same pace, with an average of 21 days on the market unchanged from last year.
Condos & Townhomes: The average days on market decreased to 44 days, down from 46 days last year, suggesting a slower market for condos.
Overbidding Trends: Single-family homes: Selling at 112.4% of list price, down from 113.6% last year, indicating strong buyer competition
Condos & townhomes: Selling at 102 4% of list price, up from 102 2%, showing moderate demand
Inventory & Market Conditions
Single-Family Homes: 1.6 months of inventory, keeping competition high.
Condos & Townhomes: 3.7 months of inventory, giving buyers more options and negotiating room
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are in demand, with homes selling quickly and often above asking. 220 closed sales in April reflect continued buyer interest.
Strategic pricing is key for condos & townhomes, as increased market time and higher inventory mean buyers have more choices. Proper pricing can help avoid extended days on market
Marketing matters staging, high-quality photography, and strategic digital promotion can help attract serious buyers, especially in the condo market
For Buyers:
Single-family homes are highly competitive, with prices rising to $1.8M and homes selling at 112.4% of list price in just 21 days. Buyers should be ready to act quickly and make strong offers.
Condos & townhomes offer more flexibility, with a 3.7-month supply and a price up to $1.3M. With homes sitting on the market 44 days, buyers may have more negotiating power
Overbidding remains strong for single-family homes, while condos are seeing moderate bidding at 102.4% of list price, making them a potential opportunity for buyers looking to avoid intense competition.
220 Sold Listings
334 New Listings 1.6 Months of Inventory $1.8M Median Sale Price 112.4%
Median Sale vs List Price 21 Avg Days on Market
San Francisco at a
324 New Listings
202 Sold Listings
3.7 Months of Inventory
$1.3M
Median Sale Price
102.4%
Median Sale vs List Price
44
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 69 million in May 2024 to $1 8 million in May 2025
Condos & Townhomes
The median sales price has increased from $1 18 million in May 2024 to $1 3 million in May 2025
Single Family Homes
The average days on market was 22 days last May 2024 and is now 21 days in May 2025
Condos & Townhomes
The average days on market last May 2024 was 46 days and is now at 44 days in May 2025.
Single Family Homes
The overbid percentage is down from 113 6% last May 2024 to now 112 4% in May 2025
Condos & Townhomes
The overbid percentage last May 2024 was 102.2% and is now 102.4% in May 2025.
Santa Cruz County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price decreased to $1 34M in May 2025, down from $1 38M in May 2024, showing steady demand
Condos & Townhomes: The median sales price rose significantly to $797K, up from $735K last year, indicating strong buyer interest in this segment
Market Speed & Competition
Single-Family Homes: Homes are taking slightly longer to sell, with an average of 25 days on market, down from 27 days last year
Condos & Townhomes: The average days on market slightly increased to 55 days, compared to 27 days last year, suggesting steady buyer activity.
Overbidding Trends: Single-family homes: Selling at 100% of list price, down from 100.8% last year, meaning sellers may need to be more flexible on price.
Condos & townhomes: Selling at 98% of list price, down from 100.4%, showing strong competition for these properties.
Inventory & Market Conditions
Single-Family Homes: 4 1 months of inventory, indicating a more balanced market
Condos & Townhomes: 3 8 months of inventory, suggesting a tighter market for buyers
What This Means for Buyers & Sellers
For Sellers:
Single-family home sellers need to price strategically, as properties are selling slightly below asking A well-priced home will attract the right buyers in this shifting market
Condos & townhomes are selling at a premium, with strong buyer interest and competitive offers If you’re considering selling, now may be a great time
Marketing and presentation matter, especially for single-family homes Staging, professional photography, and strong digital marketing will help attract serious buyers
For Buyers:
Single-family homes are stabilizing, with prices at $1 34M and homes selling at 100% of list price, meaning sellers may be more open to negotiations.
Condos & townhomes are in high demand, with prices rising to $797K and properties selling at 98% of list price. Expect competition in this segment.
Homes are taking longer to sell, with single-family homes averaging 25 days on market and condos 55 days, giving buyers more time to make decisions.
58 New Listings
35 Sold Listings
3.8 Months of Inventory
$797K
Median Sale Price
98%
Median Sale vs List Price
55 Avg Days on Market
SANTA CRUZ COUNTY MAY 2024 - MAY 2025
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Single Family Homes
The median sales price has decreased from $1 38 million in May 2024 to $1 34 million in May 2025
Condos & Townhomes
The median sales price has increased from $735K in May 2024 to $797K in May 2025
Single Family Homes
The average days on market was 27 days last May 2024 and is now 25 days in May 2025
Condos & Townhomes
The average days on market last May 2024 was 27 days and is now at 55 days in May 2025.
Single Family Homes
The overbid percentage is down from 100 8% last May 2024 to now 100% in May 2025
Condos & Townhomes
The overbid percentage last May 2024 was 100.4% and decreased to 98% in May 2025.
