Is Fremont, 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, Fremont has remained a Seller's Market.
Housing Prices in Fremont, CA
How much do homes in Fremont, CA cost?
Median Sold Price
$1,403,425
$901/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fremont was $1,403,425 in March 2024, up 4% from last year, and the median price per square foot was $901.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $479.9K | $468K | -2.5% |
2 Bedrooms | $740K | $732K | -1.1% |
3 Bedrooms | $1.3M | $1.3M | +3.6% |
4 Bedrooms | $1.7M | $1.7M | +4.4% |
5+ Bedrooms | $2.4M | $2.5M | +5.0% |
Summary: Fremont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Newark | $1.1M | $1.2M | +5.0% |
Fremont | $1.3M | $1.4M | +4.0% |
Milpitas | $1.3M | $1.3M | +3.1% |
Union City | $1.1M | $1.2M | 0.3% |
Housing Supply in Fremont, CA
How many homes are available in Fremont, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
234 | 289 | +23.5% |
Summary: The Fremont real estate market had 289 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 41 | 56 | +36.6% |
3 Bedrooms | 93 | 113 | +21.5% |
4 Bedrooms | 69 | 86 | +24.6% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Fremont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 36.6%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 124 | +45.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
104 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in Fremont in March 2024, up by 45.9% month-over-month. Of the 120 sold homes, 10% were sold under asking, 3% were sold at asking, and 87% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 11 Days | -54.3% |
Summary: Homes in Fremont had an average of 11 days on market in Mar 2024, down by 54.3% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 124 homes were sold in Fremont; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.