Is Alameda County, 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 County has remained a Seller's Market.
Housing Prices in Alameda County, CA
How much do homes in Alameda County, CA cost?
Median Sold Price
$1,119,518
$709/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Alameda County was $1,119,518 in May 2024, up 5.9% from last year, and the median price per square foot was $709.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $465K | -2.1% |
2 Bedrooms | $736.2K | $734.5K | -0.2% |
3 Bedrooms | $1.0M | $1.1M | +4.8% |
4 Bedrooms | $1.4M | $1.5M | +7.3% |
5+ Bedrooms | $1.8M | $1.9M | +8.7% |
Summary: Alameda County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Counties
Santa Clara County | $1.4M | $1.5M | +10.4% |
Alameda County | $1.0M | $1.1M | +5.9% |
Contra Costa County | $788.8K | $801.3K | +1.6% |
San Joaquin County | $624.6K | $592.6K | -5.1% |
Housing Supply in Alameda County, CA
How many homes are available in Alameda County, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,614 | 3,190 | +22.0% |
Summary: The Alameda County real estate market had 3,190 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 176 | 220 | +25.0% |
2 Bedrooms | 581 | 722 | +24.3% |
3 Bedrooms | 1,020 | 1,228 | +20.4% |
4 Bedrooms | 608 | 764 | +25.7% |
5+ Bedrooms | 229 | 256 | +11.8% |
Summary: The Alameda County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
875 | 962 | +9.9% |
Asking Price vs. Sold Price
146 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
704 Homes Were Sold
Over Asking
Summary: A total of 962 homes were sold or pending in Alameda County in May 2024, up by 9.9% month-over-month. Of the 905 sold homes, 16% were sold under asking, 6% were sold at asking, and 78% were sold over asking.
Days on Market for Alameda County, CA
How long does it take to sell a home in Alameda County, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 16 Days | -17.8% |
Summary: Homes in Alameda County had an average of 16 days on market in May 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
805 Homes Were Sold
Under 30 Days
114 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 962 homes were sold in Alameda County; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.