Is Piedmont, 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, Piedmont has remained a Seller's Market.
Housing Prices in Piedmont, CA
How much do homes in Piedmont, CA cost?
Median Sold Price
$2,475,000
$987/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Piedmont was $2,475,000 in March 2024, down 4.9% from last year, and the median price per square foot was $987.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | - | N/A |
2 Bedrooms | $1.2M | $1.2M | +7.7% |
3 Bedrooms | $2.0M | $2.1M | +5.3% |
4 Bedrooms | $2.8M | $2.7M | -2.0% |
5+ Bedrooms | $4.2M | $3.9M | -6.2% |
Summary: Piedmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
Piedmont | $2.6M | $2.4M | -4.9% |
Oakland | $911.8K | $866K | -5.0% |
Housing Supply in Piedmont, CA
How many homes are available in Piedmont, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Summary: The Piedmont real estate market had 25 homes for sale in March 2024, a 38.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Piedmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Piedmont in March 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 25 Days | +89.3% |
Summary: Homes in Piedmont had an average of 25 days on market in Mar 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Piedmont; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.