Is Alameda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Alameda has remained a Seller's Market.
Housing Prices in Alameda, CA
How much do homes in Alameda, CA cost?
Median Sold Price
$1,188,873
$710/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alameda was $1,188,873 in May 2024, up 2.7% from last year, and the median price per square foot was $710.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500K | $428K | -14.4% |
2 Bedrooms | $949K | $912.5K | -3.8% |
3 Bedrooms | $1.2M | $1.2M | +3.6% |
4 Bedrooms | $1.6M | $1.5M | -5.9% |
5+ Bedrooms | $1.7M | $2.0M | +14.3% |
Summary: Alameda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
Alameda | $1.1M | $1.1M | +2.7% |
Oakland | $888.1K | $877.5K | -1.2% |
Housing Supply in Alameda, CA
How many homes are available in Alameda, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
98 | 121 | +23.5% |
Summary: The Alameda real estate market had 121 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 28 | 46 | +64.3% |
3 Bedrooms | 42 | 48 | +14.3% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Alameda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 34 | -12.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Alameda in May 2024, down by 12.8% month-over-month. Of the 34 sold homes, 12% were sold under asking, 3% were sold at asking, and 85% were sold over asking.
Days on Market for Alameda, CA
How long does it take to sell a home in Alameda, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 20 Days | -17.1% |
Summary: Homes in Alameda had an average of 20 days on market in May 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Alameda; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.