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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alameda County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Alameda County, CA

How much do homes in Alameda County, CA cost?

Median Sold Price

$1,145,512

$712/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$93,816(+8.9%)

Key Takeaway

Homes in Alameda County have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Alameda County was $1,145,512 in November 2024, up 8.9% from last year, and the median price per square foot was $712.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $467.8K$453.2K
-3.1%
2 $733.5K$729.9K
-0.5%
3 $1.0M$1.1M
+8.7%
4 $1.4M$1.5M
+5.5%
5+ $1.8M$2.0M
+12.9%

Summary: Alameda County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Counties

Santa Clara County
+10.1%
Alameda County
+8.9%
Contra Costa County
+3.1%

Housing Supply in Alameda County, CA

How many homes are available in Alameda County, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,0592,517-17.7%

Summary: The Alameda County real estate market had 2,517 homes for sale in November 2024, a 17.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 197183
-7.1%
2 751645
-14.1%
3 1,134888
-21.7%
4 715567
-20.7%
5+ 262234
-10.7%

Summary: The Alameda County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
962785-18.4%

Asking Price vs. Sold Price

203 Homes Were Sold
Under Asking

64 Homes Were Sold
At Asking

468 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alameda County, you could pay more than the asking price. 63.7% of homes here sold above asking price last month.

Summary: A total of 785 homes were sold or pending in Alameda County in November 2024, down by 18.4% month-over-month. Of the 735 sold homes, 28% were sold under asking, 9% were sold at asking, and 64% 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

Nov 2023Nov 2024CHANGE
21 Days29 Days+33.5%

Summary: Homes in Alameda County had an average of 29 days on market in Nov 2024, up by 33.5% compared to last year.

Breakdown of Home Sale Times

532 Homes Were Sold
Under 30 Days

203 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 785 homes were sold in Alameda County; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% 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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