Is Castro Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castro Valley is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Castro Valley, CA

How much do homes in Castro Valley, CA cost?

Median Sold Price

$1,145,355

$707/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,355(+4.1%)

Key Takeaway

Homes in Castro Valley have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Castro Valley was $1,145,355 in October 2024, up 4.1% from last year, and the median price per square foot was $707.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $475K$515K
+8.4%
2 $770K$750K
-2.6%
3 $1.0M$1.1M
+10.0%
4 $1.3M$1.3M
+0.9%
5+ $1.6M$1.5M
-5.8%

Summary: Castro Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Neighborhoods

Hayward North
+9.3%
Castro Valley
+4.1%
Ashland
+3.4%

Housing Supply in Castro Valley, CA

How many homes are available in Castro Valley, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
127123-3.1%

Summary: The Castro Valley real estate market had 123 homes for sale in October 2024, a 3.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1617
+6.3%
3 5659
+5.4%
4 4540
-11.1%
5+ 97
-22.2%

Summary: The Castro Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3246+43.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castro Valley, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in Castro Valley in October 2024, up by 43.8% month-over-month. Of the 46 sold homes, 20% were sold under asking, 11% were sold at asking, and 70% were sold over asking.

Days on Market for Castro Valley, CA

How long does it take to sell a home in Castro Valley, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days17 Days-26.9%

Summary: Homes in Castro Valley had an average of 17 days on market in Oct 2024, down by 26.9% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 46 homes were sold in Castro Valley; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Castro Valley, CA

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