Is Alameda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,159,000
$712/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Alameda have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Alameda was $1,159,000 in March 2024, down 3.4% from last year, and the median price per square foot was $712.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $456.4K | -8.7% |
| 2 Bedrooms | $956.2K | $905K | -5.4% |
| 3 Bedrooms | $1.3M | $1.2M | -1.5% |
| 4 Bedrooms | $1.6M | $1.5M | -6.1% |
| 5+ Bedrooms | $2.0M | $1.9M | -4.4% |
Summary: Alameda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Alameda | $1.2M | $1.1M | -3.4% |
| Oakland | $911.8K | $866K | -5.0% |
Housing Supply in Alameda, CA
How many homes are available in Alameda, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 96 | +31.5% |
Summary: The Alameda real estate market had 96 homes for sale in March 2024, a 31.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 23 | 34 | +47.8% |
| 3 Bedrooms | 26 | 40 | +53.8% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Alameda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 47.8%, 3 bedroom homes increased by 53.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 32 | +68.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alameda, you could pay more than the asking price. 71% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Alameda in March 2024, up by 68.4% month-over-month. Of the 31 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 17 Days | -19.8% |
Summary: Homes in Alameda had an average of 17 days on market in Mar 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alameda are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Alameda; 88% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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