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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Piedmont is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Piedmont, CA

How much do homes in Piedmont, CA cost?

Median Sold Price

$2,500,000

$1,000/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$110,000(-4.2%)

Key Takeaway

Homes in Piedmont have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Piedmont was $2,500,000 in May 2024, down 4.2% from last year, and the median price per square foot was $1,000.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $490K-
N/A
2 $877.5K$1.2M
+47.9%
3 $2.0M$2.1M
+4.4%
4 $2.9M$2.5M
-13.7%
5+ $4.0M$3.7M
-8.4%

Summary: Piedmont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Oakland
-1.2%
Piedmont
-4.2%

Housing Supply in Piedmont, CA

How many homes are available in Piedmont, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3734-8.1%

Summary: The Piedmont real estate market had 34 homes for sale in May 2024, a 8.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1313
0.0%
4 1111
0.0%
5+ 118
-27.3%

Summary: The Piedmont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13130.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Piedmont, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Piedmont in May 2024, the same as the previous month. Of the 13 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Piedmont, CA

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

Average Sale Time

May 2023May 2024CHANGE
19 Days14 Days-26.3%

Summary: Homes in Piedmont had an average of 14 days on market in May 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 13 homes were sold in Piedmont; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Piedmont, CA

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