Is Alameda County, 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 County has remained a Seller's Market.
Key Takeaway
Alameda County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alameda County, CA
How much do homes in Alameda County, CA cost?
Median Sold Price
$1,096,297
$696/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Alameda County has remained the same since last year.
Summary: The median home sold price in Alameda County was $1,096,297 in March 2024, down 0.3% from last year, and the median price per square foot was $696.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $487.1K | $468K | -3.9% |
| 2 Bedrooms | $749.9K | $727.1K | -3.0% |
| 3 Bedrooms | $1.1M | $1.0M | -1.5% |
| 4 Bedrooms | $1.5M | $1.5M | +1.4% |
| 5+ Bedrooms | $1.9M | $1.8M | -5.8% |
Summary: Alameda County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Counties
| Santa Clara County | $1.4M | $1.5M | +4.4% |
| Alameda County | $1.1M | $1.0M | -0.3% |
| Contra Costa County | $813.1K | $799.7K | -1.6% |
Housing Supply in Alameda County, CA
How many homes are available in Alameda County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,884 | 2,322 | +23.2% |
Summary: The Alameda County real estate market had 2,322 homes for sale in March 2024, a 23.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 143 | 161 | +12.6% |
| 2 Bedrooms | 471 | 569 | +20.8% |
| 3 Bedrooms | 676 | 841 | +24.4% |
| 4 Bedrooms | 437 | 551 | +26.1% |
| 5+ Bedrooms | 157 | 200 | +27.4% |
Summary: The Alameda County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 27.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 579 | 762 | +31.6% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
530 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alameda County, you could pay more than the asking price. 74% of homes here sold above asking price last month.
Summary: A total of 762 homes were sold or pending in Alameda County in March 2024, up by 31.6% month-over-month. Of the 716 sold homes, 18% were sold under asking, 8% were sold at asking, and 74% were sold over asking.
Days on Market for Alameda County, CA
How long does it take to sell a home in Alameda County, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -16.5% |
Summary: Homes in Alameda County had an average of 19 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
634 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alameda County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 762 homes were sold in Alameda County; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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