$7,422 Closing Credit*
$625,000
1,068 SqFt
2 Beds
•1 Full Bath
#424080409, Jonathan Ng, Listing Office: Compass
Is Alameda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,162,350
$713/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,016(+3.1%)
Key Takeaway
Homes in Alameda have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Alameda was $1,162,350 in October 2024, up 3.1% from last year, and the median price per square foot was $713.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $411.5K | -13.4% |
| 2 Bedrooms | $921K | $920K | -0.1% |
| 3 Bedrooms | $1.2M | $1.3M | +4.6% |
| 4 Bedrooms | $1.5M | $1.5M | -3.6% |
| 5+ Bedrooms | $1.8M | $1.8M | +4.2% |
Summary: Alameda housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Alameda | $1.1M | $1.1M | +3.1% |
| Oakland | $852.6K | $860.7K | +0.9% |
Housing Supply in Alameda, CA
How many homes are available in Alameda, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 134 | +2.3% |
Summary: The Alameda real estate market had 134 homes for sale in October 2024, a 2.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 43 | 44 | +2.3% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Alameda housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alameda, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Alameda in October 2024, up by 10.8% month-over-month. Of the 40 sold homes, 13% were sold under asking, 8% were sold at asking, and 80% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +55.6% |
Summary: Homes in Alameda had an average of 28 days on market in Oct 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alameda are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in Alameda; 78% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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