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 October 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

$1,493,993

$956/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$138,013(+10.2%)

Key Takeaway

Homes in Fremont have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Fremont was $1,493,993 in October 2024, up 10.2% from last year, and the median price per square foot was $956.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $472K$455.5K
-3.5%
2 $720K$748K
+3.9%
3 $1.3M$1.4M
+9.8%
4 $1.7M$1.8M
+7.9%
5+ $2.2M$2.8M
+27.9%

Summary: Fremont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 27.9%.

Median Sold Price Compared To Nearby Cities

Sunol
+25.6%
Newark
+12.4%
Union City
+11.3%
Fremont
+10.2%
Milpitas
+6.9%

Housing Supply in Fremont, CA

How many homes are available in Fremont, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
316314-0.6%

Summary: The Fremont real estate market had 314 homes for sale in October 2024, a 0.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1413
-7.1%
2 7179
+11.3%
3 129125
-3.1%
4 8279
-3.7%
5+ 2018
-10.0%

Summary: The Fremont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
115105-8.7%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

68 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. 68.7% of homes here sold above asking price last month.

Summary: A total of 105 homes were sold or pending in Fremont in October 2024, down by 8.7% month-over-month. Of the 99 sold homes, 29% were sold under asking, 2% were sold at asking, and 69% 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

Oct 2023Oct 2024CHANGE
14 Days16 Days+17.3%

Summary: Homes in Fremont had an average of 16 days on market in Oct 2024, up by 17.3% compared to last year.

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 105 homes were sold in Fremont; 82% of homes were sold within 30 days, 18% 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

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