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 March 2023

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

$858,545

$591/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,545(+1.0%)

Key Takeaway

Homes in Hayward have sold for 1% more than they did a year ago.

Summary: The median home sold price in Hayward was $858,545 in March 2024, up 1% from last year, and the median price per square foot was $591.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $395K$410K
+3.8%
2 $625K$635K
+1.6%
3 $852.8K$857.5K
0.5%
4 $1.1M$1.1M
+1.8%
5+ $1.5M$1.6M
+6.7%

Summary: Hayward housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Pleasanton
+4.3%
Fremont
+4.0%
Hayward
+1.0%
Union City
0.3%
San Leandro
-2.0%

Housing Supply in Hayward, CA

How many homes are available in Hayward, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
149181+21.5%

Summary: The Hayward real estate market had 181 homes for sale in March 2024, a 21.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 46
+50.0%
2 2937
+27.6%
3 7487
+17.6%
4 3241
+28.1%
5+ 1010
0.0%

Summary: The Hayward housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5554-1.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

38 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. 76% of homes here sold above asking price last month.

Summary: A total of 54 homes were sold or pending in Hayward in March 2024, down by 1.8% month-over-month. Of the 50 sold homes, 12% were sold under asking, 12% were sold at asking, and 76% 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

Mar 2023Mar 2024CHANGE
29 Days15 Days-45.4%

Summary: Homes in Hayward had an average of 15 days on market in Mar 2024, down by 45.4% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were 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 March 2024, 54 homes were sold in Hayward; 91% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 4% 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 24 Days Ago

Newest Listings in Hayward, CA

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