Is Alameda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alameda has remained a Seller's Market.
Key Takeaway
Alameda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alameda, CA
How much do homes in Alameda, CA cost?
Median Sold Price
$1,162,675
$715/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alameda have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Alameda was $1,162,675 in April 2024, down 3.1% from last year, and the median price per square foot was $715.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $456.4K | -3.9% |
| 2 Bedrooms | $950K | $911K | -4.1% |
| 3 Bedrooms | $1.2M | $1.2M | +1.4% |
| 4 Bedrooms | $1.6M | $1.5M | -6.1% |
| 5+ Bedrooms | $1.6M | $1.9M | +16.4% |
Summary: Alameda housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Alameda | $1.2M | $1.1M | -3.1% |
| Oakland | $901.6K | $871K | -3.4% |
Housing Supply in Alameda, CA
How many homes are available in Alameda, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 94 | 104 | +10.6% |
Summary: The Alameda real estate market had 104 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 32 | 28 | -12.5% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Alameda housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alameda, you could pay more than the asking price. 78.9% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Alameda in April 2024, up by 29.0% month-over-month. Of the 38 sold homes, 16% were sold under asking, 5% were sold at asking, and 79% were sold over asking.
Days on Market for Alameda, CA
How long does it take to sell a home in Alameda, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +56.4% |
Summary: Homes in Alameda had an average of 26 days on market in Apr 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alameda are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in Alameda; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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