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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alameda is a seller's market

Buyer's
Market

Difference Since February 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

$1,150,000

$718/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$86,666(-7.0%)

Key Takeaway

Homes in Alameda have sold for 7% less than they did a year ago.

Summary: The median home sold price in Alameda was $1,150,000 in February 2024, down 7% from last year, and the median price per square foot was $718.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $501K$450K
-10.2%
2 $985K$911K
-7.5%
3 $1.3M$1.2M
-3.0%
4 $1.6M$1.5M
-4.6%
5+ $2.1M$1.8M
-9.9%

Summary: Alameda housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Oakland
-4.4%
Alameda
-7.0%

Housing Supply in Alameda, CA

How many homes are available in Alameda, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6173+19.7%

Summary: The Alameda real estate market had 73 homes for sale in February 2024, a 19.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 68
+33.3%
2 2122
+4.8%
3 1926
+36.8%
4 1010
0.0%
5+ 57
+40.0%

Summary: The Alameda housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 36.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1720+17.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alameda, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Alameda in February 2024, up by 17.6% month-over-month. Of the 19 sold homes, 37% were sold under asking, 11% were sold at asking, and 53% 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

Feb 2023Feb 2024CHANGE
22 Days20 Days-5.7%

Summary: Homes in Alameda had an average of 20 days on market in Feb 2024, down by 5.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 20 homes were sold in Alameda; 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 4 Days Ago

Newest Listings in Alameda, CA

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