Is Alameda, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alameda is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Alameda has remained a Seller's Market.

Key Takeaway

Alameda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alameda, CA

How much do homes in Alameda, CA cost?

Median Sold Price

$1,174,333

$713/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,000(+4.4%)

Key Takeaway

Homes in Alameda have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Alameda was $1,174,333 in November 2024, up 4.4% from last year, and the median price per square foot was $713.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $480K$410K
-14.6%
2 $915K$911K
-0.4%
3 $1.2M$1.3M
+5.4%
4 $1.5M$1.5M
-4.1%
5+ $1.8M$1.8M
+2.0%

Summary: Alameda housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Alameda
+4.4%
Oakland
0%

Housing Supply in Alameda, CA

How many homes are available in Alameda, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13097-25.4%

Summary: The Alameda real estate market had 97 homes for sale in November 2024, a 25.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 74
-42.9%
2 4840
-16.7%
3 4732
-31.9%
4 1813
-27.8%
5+ 108
-20.0%

Summary: The Alameda housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 31.9%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4340-7.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alameda, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in Alameda in November 2024, down by 7.0% month-over-month. Of the 38 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% 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

Nov 2023Nov 2024CHANGE
25 Days25 Days-1.9%

Summary: Homes in Alameda had an average of 25 days on market in Nov 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alameda are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 40 homes were sold in Alameda; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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