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 February 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

$853,000

$587/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$7,000(-0.8%)

Key Takeaway

Homes in Hayward have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Hayward was $853,000 in February 2024, down 0.8% from last year, and the median price per square foot was $587.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $395K$402.5K
+1.9%
2 $620K$642.5K
+3.6%
3 $868.3K$851K
-2.0%
4 $1.1M$1.1M
+1.0%
5+ $1.5M$1.5M
+5.7%

Summary: Hayward housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Union City
+3.6%
Fremont
0.2%
Pleasanton
-0.4%
Hayward
-0.8%
San Leandro
-2.8%

Housing Supply in Hayward, CA

How many homes are available in Hayward, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
142145+2.1%

Summary: The Hayward real estate market had 145 homes for sale in February 2024, a 2.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 94
-55.6%
2 2128
+33.3%
3 6873
+7.4%
4 3131
0.0%
5+ 139
-30.8%

Summary: The Hayward housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 55.6%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5754-5.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

41 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. 78.8% of homes here sold above asking price last month.

Summary: A total of 54 homes were sold or pending in Hayward in February 2024, down by 5.3% month-over-month. Of the 52 sold homes, 13% were sold under asking, 8% were sold at asking, and 79% 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

Feb 2023Feb 2024CHANGE
29 Days19 Days-32.1%

Summary: Homes in Hayward had an average of 19 days on market in Feb 2024, down by 32.1% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 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 February 2024, 54 homes were sold in Hayward; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% 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 3 Days Ago

Newest Listings in Hayward, CA

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