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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayward is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Hayward has remained a Seller's Market.

Key Takeaway

Hayward is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hayward, CA

How much do homes in Hayward, CA cost?

Median Sold Price

$849,666

$584/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$22,230(-2.5%)

Key Takeaway

Homes in Hayward have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Hayward was $849,666 in November 2023, down 2.5% from last year, and the median price per square foot was $584.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $387.5K$400K
+3.2%
2 $620K$635K
+2.4%
3 $876K$850K
-3.0%
4 $1.1M$1.0M
-7.8%
5+ $1.5M$1.5M
+3.0%

Summary: Hayward housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Union City
+3.4%
Hayward
-2.5%
Fremont
-3.2%
Pleasanton
-3.6%
San Leandro
-6.2%

Housing Supply in Hayward, CA

How many homes are available in Hayward, CA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
205175-14.6%

Summary: The Hayward real estate market had 175 homes for sale in November 2023, a 14.6% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 1112
+9.1%
2 3234
+6.3%
3 10579
-24.8%
4 4636
-21.7%
5+ 1114
+27.3%

Summary: The Hayward housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
8260-26.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayward, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in Hayward in November 2023, down by 26.8% month-over-month. Of the 56 sold homes, 25% were sold under asking, 5% were sold at asking, and 70% were sold over asking.

Days on Market for Hayward, CA

How long does it take to sell a home in Hayward, CA?

Average Sale Time

Nov 2022Nov 2023CHANGE
31 Days18 Days-39.8%

Summary: Homes in Hayward had an average of 18 days on market in Nov 2023, down by 39.8% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 60 homes were sold in Hayward; 77% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% 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 2 Days Ago

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