Is Alameda County, 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 County has remained a Seller's Market.
Key Takeaway
Alameda County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alameda County, CA
How much do homes in Alameda County, CA cost?
Median Sold Price
$1,100,204
$704/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alameda County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Alameda County was $1,100,204 in April 2024, up 1.7% from last year, and the median price per square foot was $704.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $476.6K | $467.4K | -1.9% |
| 2 Bedrooms | $742.4K | $729K | -1.8% |
| 3 Bedrooms | $1.0M | $1.0M | +2.4% |
| 4 Bedrooms | $1.4M | $1.5M | +4.3% |
| 5+ Bedrooms | $1.8M | $1.9M | +4.1% |
Summary: Alameda County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Counties
| Santa Clara County | $1.4M | $1.5M | +7.4% |
| Alameda County | $1.0M | $1.1M | +1.7% |
| Contra Costa County | $800.1K | $800K | 0% |
Housing Supply in Alameda County, CA
How many homes are available in Alameda County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,208 | 2,746 | +24.4% |
Summary: The Alameda County real estate market had 2,746 homes for sale in April 2024, a 24.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 158 | 199 | +25.9% |
| 2 Bedrooms | 515 | 619 | +20.2% |
| 3 Bedrooms | 818 | 1,052 | +28.6% |
| 4 Bedrooms | 533 | 642 | +20.5% |
| 5+ Bedrooms | 184 | 234 | +27.2% |
Summary: The Alameda County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 27.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 744 | 870 | +16.9% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
654 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alameda County, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 870 homes were sold or pending in Alameda County in April 2024, up by 16.9% month-over-month. Of the 832 sold homes, 13% were sold under asking, 8% were sold at asking, and 79% were sold over asking.
Days on Market for Alameda County, CA
How long does it take to sell a home in Alameda County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -5.3% |
Summary: Homes in Alameda County had an average of 17 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
746 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alameda County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 870 homes were sold in Alameda County; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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