Single-Family Homes: The median sales price increased to $2 1M in March 2025, up from $1 9M in March 2024
Condos & Townhomes: The median sales price rose to $1 1M, marking a significant year-overyear increase from $970K
Market Speed & Competition
Single-Family Homes: Properties are selling faster, with an average of 13 days on market, down from 15 days last year
Condos & Townhomes: The average days on market decreased slightly to 20 days, compared to 21 days last year
Overbidding Slightly Down: Single-family homes are selling at 108.1% of the list price, compared to 108.8% last year.
Condos & townhomes: Selling at 103.4% of the list price (down from 105.4% last year).
Inventory & Market Conditions
Single-Family Homes: 1 7 months of inventory, maintaining strong competition among buyers
Condos & Townhomes: 2 4 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 13 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 103 4% 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 108 1% 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 2 4-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 108 1% 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
The median sales price increased year over year, from $1.9 million in March 2024 to $2.1 million in March 2025.
Condos & Townhomes
The median sales price increased year-over-year from $970K in March 2024 to $1.1 million in March 2025.
Single Family Homes
The average days on market decreased from 15 days in March 2024 and 13 days in March 2025
Condos & Townhomes
The average days on market in March 2024 was 21 days and decreased to 20 days in March 2025.
Single Family Homes
The overbid percentage has decreased from 108 8% in March 2024 to now 108 1% in March 2025
Condos & Townhomes
The overbid percentage in March 2024 was 105 4% and decreased to 103 4% in March 2025
San Mateo County
What's in the San Mateo County data?
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $2.05M in March 2025, up from $1.99M in March 2024.
Condos & Townhomes: The median sales price rose to $984K, a year-over-year decrease from $1.05M.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 17 days, down from 19 days last year.
Condos & Townhomes: The average days on market dropped slightly to 31 days, compared to 43 days last year
Overbidding Remains Strong: Single-family homes: Selling at 108 3% of the list price (up from 106 0% last year)
Condos & townhomes: Selling at 102 2% of the list price (down from 101 6% last year)
Inventory & Market Conditions
Single-Family Homes: 1 8 months of inventory, keeping competition high Condos & Townhomes: 2 9 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 281 single-family homes closed in March, 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 05M and homes selling at 108 3% of list price in just 17 days. Be prepared to move fast and bid aggressively.
Condos & townhomes offer more options, with a 2.9-month supply and a median price of $984K. More inventory means more negotiating power, but prices are still rising. Overbidding is common, so expect competition single-family homes are selling at 108.3% of asking, while condos are at 102.2%.
503 New Listings
281 Sold Listings
1.8 Months of Inventory $2.05M Median Sale Price 108.3%
Median Sale vs List Price 17
Avg Days on Market
CONDOS & TOWNHOMES
205 New Listings
104 Sold Listings
2.9 Months of Inventory
$984K
Median Sale Price
102.2%
Median Sale vs List Price
31
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 increased from $1 99million in March 2024 to $2.05 million in March 2025.
Condos & Townhomes
The median sales price has decreased from $1 05M last March 2024 to $984K in March 2025
Single Family Homes
The average days on market was 19 in March 2024 and has decreased to 17 in March 2025.
Condos & Townhomes
The average days on market in March 2024 was 43 and decreased to 31 days in March 2025
Single Family Homes
The overbid percentage was 106 0% in March 2024 and is now 108 3% in March 2025
Condos & Townhomes
The overbid percentage was 101 6% in March 2024 has increased to 102 2% in March 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 March 2025, reflecting a slight increase from last year
Condos & Townhomes: The median sales price dropped to $767K, down from $780K in March 2024, signaling a shift in buyer demand
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 17 days, down slightly from 19 days last year
Condos & Townhomes: The average days on market increased to 31 days, up from 19 days in March 2024, indicating a slower-moving market
Overbidding Trends: Single-family homes: Selling at 109.5% of the list price, a slight increase from 109.3% last year.
Condos & townhomes: Selling at 101.5% of the list price, a slight decline from 103.7% last year.
Inventory & Market Conditions
Single-Family Homes: 1.9 months of inventory, keeping competition moderate.
Condos & Townhomes: 3 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 643 closed sales in March 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 109.5% of list price in just 17 days. Buyers should be prepared to act quickly and bid competitively.
Condos & townhomes offer more negotiating power, with a 3.8-month supply and a price drop to $767K. The increased 31-day market time suggests buyers have more flexibility.
Overbidding has eased slightly for condos, now at 101.5% of list price, compared to 103.7% last year, but competition for single-family homes remains strong
The median sales price has slightly decreased from $1.4 Million in March 2024 2023 to $1.35 Million in March 2025.
Condos & Townhomes
The median sales price has decreased from $780K last March 2024 to $767K in March 2025
Single Family Homes
The average days on market was 19 days last March 2024 and has decreased to 17 days in March 2025
Condos & Townhomes
The average days on market last March 2024 was 19 days and has increased to only 31 days in March 2025
Single Family Homes
The overbid percentage was 109 3% in March 2024 and has slightly increased to 109 5% in March 2025
Condos & Townhomes
The overbid percentage was 103 7% last March 2024 and has slightly decreased to 101 5% in March 2025
San Francisco County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $1.87M in March 2025, up from $1.74M in March 2024, showing continued demand.
Condos & Townhomes: The median sales price declined to $1.07M, down from $1.14M last year, signaling a shift in buyer preference.
Market Speed & Competition
Single-Family Homes: Homes are selling faster, with an average of 19 days on market, down from 25 days last year.
Condos & Townhomes: The average days on market increased to 45 days, down from 46 days last year, suggesting a slower market for condos.
Overbidding Trends: Single-family homes: Selling at 114 8% of list price, up from 109 9% last year, indicating strong buyer competition
Condos & townhomes: Selling at 101 7% of list price, up from 101%, showing moderate demand
Condos & Townhomes: 3 2 months of inventory, giving buyers more options and negotiating room Inventory & Market Conditions
Single-Family Homes: 1.5 months of inventory, keeping competition high.
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are in demand, with homes selling quickly and often above asking. 189 closed sales in March 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 $1.87M and homes selling at 114.8% of list price in just 19 days. Buyers should be ready to act quickly and make strong offers.
Condos & townhomes offer more flexibility, with a 3.2-month supply and a price drop to $1 07M With homes sitting on the market 45 days, buyers may have more negotiating power Overbidding remains strong for single-family homes, while condos are seeing moderate bidding at 101 7% of list price, making them a potential opportunity for buyers looking to avoid intense competition
189 Sold Listings
290 New Listings 1.5 Months of Inventory $1.87M Median Sale Price 114.8% Median Sale vs List Price 19 Avg Days on Market
San Francisco at a
363 New Listings
206 Sold Listings
3.2 Months of Inventory
$1.07M
Median Sale Price
101.7%
Median Sale vs List Price
45
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 74 million in March 2024 to $1 87 million in March 2025
Condos & Townhomes
The median sales price has decreased from $1 14 million in March 2024 to $1 07 million in March 2025
Single Family Homes
The average days on market was 25 days last March 2024 and is now 19 days in March 2025
Condos & Townhomes
The average days on market last March 2024 was 46 days and is now at 45 days in March 2025.
Single Family Homes
The overbid percentage is up from 109 9% last March 2024 to now 114 8% in March 2025
Condos & Townhomes
The overbid percentage last March 2024 was 1001% and increased to 101.7% in March 2025.
Santa Cruz County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $1 4M in March 2025, up from $1 31M in March 2024, showing steady demand
Condos & Townhomes: The median sales price rose significantly to $802 5K, up from $720K 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 39 days on market, up from 35 days last year
Condos & Townhomes: The average days on market slightly increased to 31 days, compared to 30 days last year, suggesting steady buyer activity.
Overbidding Trends: Single-family homes: Selling at 100% of list price, down from 101% last year, meaning sellers may need to be more flexible on price.
Condos & townhomes: Selling at 100.2% of list price, up from 100.1%, showing strong competition for these properties.
Inventory & Market Conditions
Single-Family Homes: 3 9 months of inventory, indicating a more balanced market
Condos & Townhomes: 3 7 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 4M 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 $802.5K and properties selling at 100.2% of list price. Expect competition in this segment.
Homes are taking longer to sell, with single-family homes averaging 39 days on market and condos 31 days, giving buyers more time to make decisions.
66 New Listings
32 Sold Listings
3.7 Months of Inventory
$802.5K
Median Sale Price
100.2%
Median Sale vs List Price
31
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 31 million in March 2024 to $1 4 million in March 2025
Condos & Townhomes
The median sales price has increased from $720K in March 2024 to $802 5K in March 2025
Single Family Homes
The average days on market was 35 days last March 2024 and is now 39 days in March 2025
Condos & Townhomes
The average days on market last March 2024 was 30 days and is now at 31 days in March 2025.
Single Family Homes
The overbid percentage is down from 101% last March 2024 to now 100% in March 2025
Condos & Townhomes
The overbid percentage last March 2024 was 100.1% and increased to 100.2% in March 2025.
