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 September 2021

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.

How much do homes in Piedmont, CA cost?

Median Sold Price

$2,824,000

$1,106/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$70,500(+2.6%)

Key Takeaway

Homes in Piedmont have sold for 2.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $1.5M$1.5M
+2.1%
3 $2.4M$2.1M
-12.5%
4 $3.0M$3.3M
+9.5%
5+ $3.7M$4.2M
+12.3%

Median Sold Price Compared To Nearby Cities

Oakland
+5.1%
Piedmont
+2.6%

How many homes are available in Piedmont, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
2223+4.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 10
-100.0%
3 107
-30.0%
4 49
+125.0%
5+ 66
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
89+12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 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. 55.6% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days33 Days+178.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Piedmont, CA

Piedmont, CA has 23 homes on the market. The inventory of homes for sale in Piedmont, CA between August 2022 and September 2022 increased by 4.5%. The median list price of listings available in September 2022 was $2,824,000, while the average time on the real estate market was 33 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 2.1%, prices of 3 bedrooms properties decreased by 12.5%, 4 bedrooms properties became 9.5% more expensive, prices of 5 bedrooms properties went up by 12.3%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 100%, number of 3 bedrooms homes decreased by 30%, number of 4 bedrooms homes increased by 125%, volume of 5 bedrooms homes stayed the same. In September 2022 more than 5 listings in Piedmont, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below.

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