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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fremont is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fremont, CA

How much do homes in Fremont, CA cost?

Median Sold Price

$1,504,434

$965/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$145,532(+10.7%)

Key Takeaway

Homes in Fremont have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Fremont was $1,504,434 in November 2024, up 10.7% from last year, and the median price per square foot was $965.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $472K$455K
-3.6%
2 $725K$740K
+2.1%
3 $1.3M$1.4M
+9.4%
4 $1.7M$1.8M
+6.6%
5+ $2.4M$2.8M
+20.7%

Summary: Fremont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 20.7%.

Median Sold Price Compared To Nearby Cities

Union City
+12.5%
Newark
+11.3%
Fremont
+10.7%
Milpitas
+6.6%

Housing Supply in Fremont, CA

How many homes are available in Fremont, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
302243-19.5%

Summary: The Fremont real estate market had 243 homes for sale in November 2024, a 19.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1314
+7.7%
2 7361
-16.4%
3 12492
-25.8%
4 7963
-20.3%
5+ 1313
0.0%

Summary: The Fremont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
103115+11.7%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

78 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fremont, you could pay more than the asking price. 70.3% of homes here sold above asking price last month.

Summary: A total of 115 homes were sold or pending in Fremont in November 2024, up by 11.7% month-over-month. Of the 111 sold homes, 28% were sold under asking, 2% were sold at asking, and 70% were sold over asking.

Days on Market for Fremont, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days20 Days+29.0%

Summary: Homes in Fremont had an average of 20 days on market in Nov 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

92 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 115 homes were sold in Fremont; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% 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

Newest Listings in Fremont, CA

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