Market report for Fremont Bay Area area February 2023
Fremont area
Milpitas
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Fremont
Jump to Fremont City Report
Newark
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Union City
Jump to Union City Report
Hayward
Jump to Hayward Report
Castro Valley
Jump to Castro Valley Report
Jump to San Leandro Report
Tri-Cities
San Leandro (Fremont, Newark & Union City)
Jump to Tri-Cities Report
Pleasanton
Jump to Pleasanton Report
San Ramon
Jump to San Ramon Report
Livermore
Jump to Livermore Report
What’syourhome reallyworthin today’smarket?
That's really the question you should be asking yourself
Our market is incredibly diverse, and rapidly changing Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors’ home is worth At the end of the day, it’s the current market that sets the value of your home
So, do you know what your home is worth in today's market?
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Contact me for a confidential, no obligation assessment of your home's value.
As mortgage rates rose last year, activity in the housing market slowed down. As a result, homes started seeing fewer offers and staying on the market for longer. That meant some homeowners decided to pause on selling.
Now, however, rates are beginning to come down—and buyers are starting to re-enter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows an increase of 7% more mortgage applications, as compared to the week before.
Milpitas
What's in the Milpitas data?
Milpitas' single-family housing market saw a decrease to a $1.3M median sold price, with 9 units sold and 39 new listings. The condo & townhome market has declined month-over-month, with 37 new listings and 4 sales, totaling approximately $897K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
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Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single Family Homes
The median sales price decreased from $1.4m in January 2022, to $1 3m compared to January 2023
Condos & Townhomes
The median sales price has decreased from $1 1m in January 2022, to $897k as of January 2023
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 12 days in January 2022, to 14 days in January 2023
Condos & Townhomes
The average days on market has increased from 16 days in January 2022, to 61 days in January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 108.4% in January 2022, to 100.4% as of January 2023.
Condos & Townhomes
The overbid percentage has decreased from 107.7% in January 2022, to 98.7% as of January 2023.
Fremont
What's in the Fremont data?
Fremont's single-family housing market saw a decrease to a $1.3M median sold price, with 41 units sold and 106 new listings. The condo & townhome market inclined monthover-month, with 90 new listings and 18 sales, totaling approximately $1M. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in a upply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $1 6m in January 2022, to $1 3m as of January 2023
Condos & Townhomes
The median sales price has increased from $883k in January 2022, to $1m as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 13 days in January 2022, to 38 days in January 2023
Condos & Townhomes
The average days on market has increased from 19 days in January 2022, to 38 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 113.2% in January 2022, to 93.8% as of January 2023.
Condos & Townhomes
The overbid percentage has decreased, from 110 2% in January 2022, to 95 2% as of January 2023
Newark
What's in the Newark data?
Newark's single-family housing market saw a decrease to a $1M median sold price, with 13 units sold and 35 new listings. The condo & townhome market has inclined month-over-month, with 17 new listings and 6 sales, totaling approximately $643K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $1 3m in January 2022, to $1m as of January 2023
Condos & Townhomes
The median sales price has increased from $622k in January 2022, to $643k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market has increased from 11 days in January 2022, to 18 days as of January 2023.
Condos & Townhomes
The average days on market has increased from 10 days in January 2022, to 22 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 117.4% in January 2022, to 92.1% as of January 2023.
Condos & Townhomes
The overbid percentage has decreased from 102 2% in January 2022, to 99 6% as of January 2023
Union City
What's in the Union City data?
Union City's single-family housing market saw a decrease to a $1.3M median sold price, with 9 units sold and 38 new listings. The condo & townhome market has declined month-over-month, with 13 new listings and 4 sales, totaling approximately $475K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
Median Sale Price 92.9% Median Sale vs List 63 Avg Days on Market 4 Sold Listings
ngle Family Homes
Single Family Homes
The median sales price has decreased from $1 5m in January 2022, to $1 3m as of January 2023
Condos & Townhomes
The median sales price has decreased from $687k, in January 2022, to $475k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 7 days last January 2022, to 18 days as of January 2023.
Condos & Townhomes
The average days on market went up from 24 day in January 2022, to 63 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 115% last January 2022, to 92% a year later.
Condos & Townhomes
The overbid percentage has decreased from 100 3% last January 2022, to 92.9% a year later.
Hayward
What's in the Hayward data?
Hayward's single-family housing market saw a decrease to an $865K median sold price, with 30 units sold and 150 new listings. The condo & townhome market inclined month-over-month with 51 new listings, and 10 sales totaling approximately $669K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
Last 12 months, year-over-year. Condos & Townhomes
Last 12 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price has decreased from $965k last January 2022, to $865k as of January 2023
Condos & Townhomes
The median sales price has increased from $625k last January 2022, to $669k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 13 days last January 2022, to 33 days as of January 2023.
Condos & Townhomes
The average days on market went up from 22 days in January 2022, to 61 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 107.9% last January 2022, to 93.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 103 7% last January 2022, to 95 9% a year later.
Castro Valley
What's in the Castro Valley data?
Castro Valley's single-family housing market saw a decreased to $1M median sold price, with 27 units sold and 48 new listings. The condo & townhome market declined month-over-month, with 6 new listings and 4 sales, totaling approximately $619K. Buyers have remained aggressive their offer prices at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $1 2m last January 2022, to $1m as of January 2023
Condos & Townhomes
The median sales price has decreased from $835k last January 2022, to $619k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 9 days last January 2022, to 40 days as of January 2023
Condos & Townhomes
The average days on market went down from 5 days in January 2022, to 0 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 110.3% last January 2022, to 94.5% a year later.
Condos & Townhomes
The overbid percentage has decreased from 106 78% last January 2022, to 96 1% a year later.
San Leandro
What's in the San Leandro data?
San Leandro's single-family housing market saw a decrease to a $767K median sold price, with 25 units sold and 65 new listings. The condo & townhome market has inclined month-over-month, with 18 new listings and 4 sales, totaling approximately $531K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
Last 12 months, year-over-year. Condos & Townhomes
Median SalesPrice
Single Family Homes
The median sales price has decreased from $917k last January 2022, to $767k as of January 2023
Condos & Townhomes
The median sales price has increased from $515k last January 2022, to $531k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 10 days last January 2022, to 30 days as of January 2023
Condos & Townhomes
The average days on market went down from 28 days in January 2022, to 24 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 110.7% last January 2022, to 98.3% a year later.
Condos & Townhomes
The overbid percentage decreased from 106% last January 2022, to 93% a year later
Tri-Cities
What's in the Tri-Cities data?
Tri-Cities' single-family housing market saw a decrease to a $1.2M median sold price, with 63 units sold and 180 new listings. The condo & townhome market has inclined month-over-month, with 130 new listings and 29 sales, totaling approximately $800K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $1.5m last January 2022, to $1.2m as of January 2023.
Condos & Townhomes
The median sales price has increased from $710k last January 2022, to $800k as of January 2023
AVGDays OntheMarket
Single Family Homes
The average days on market went up from 11 days last January 2022, to 28 days in January 2023.
Condos & Townhomes
The average days on market went up from 19 days in January 2022, to 36 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 114.2 last January 2022, to 95.40% a year later.
Condos & Townhomes
The overbid percentage has decreased from 106.6% last January 2022, to 95.7% a year later.
Pleasanton
What's in the Pleasanton data?
Pleasanton's single-family housing market saw a decrease to a $1.4M median sold price, with 19 units sold and 46 new listings. The condo & townhome market has declined month-over-month m, with 17 new listings and 8 sales, totaling approximately $716K. Buyers remain aggressive in their offer prices at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $1 8m last January 2022, to $1 4m as of January 2023
Condos & Townhomes
The median sales price has decreased from $805k last January 2022, to $716k as of January 2023
AVGDays OntheMarket
Single Family Homes
The average days on market is up from 9 days last January 2022, to 36 days as of January 2023.
Condos & Townhomes
The average days on market went up from 6 days in January 2022, to 37 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 111.5% last January 2022, to 94% a year later.
Condos & Townhomes
The overbid percentage has decreased from 106% last January 2022, to 95% a year later
San Ramon
What's in the San Ramon data?
San Ramon's single-family housing market saw a decrease to a $1.5M median sold price, with 12 units sold and 40 new listings. The condo & townhome market has declined month-over-month, with 32 new listings and 4 sales, totaling approximately $541K. Buyers have remained aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.
The median sales price has decreased from $2 1m last January 2022, to $1 5m as of January 2023
Condos & Townhomes
The median sales price has decreased from $1.1m last January 2022, to $541k as of January 2023.
AVGDays OntheMarket
Single Family Homes
The average days on market is up from 6 days last January 2022, to 40 days as of January 2023
Condos & Townhomes
The average days on market went up from 13 days in January 2022, to 56 days as of January 2023
Overbids
Single Family Homes
The overbid percentage has decreased from 110.8% last January 2022, to 93.3% a year later.
Condos & Townhomes
The overbid percentage has decreased from 113 1% last January 2022, to 93 2% a year later
Livermore
What's in the Livermore data?
Livermore's single-family housing market saw a decreased to $1M median sold price, with 38 units sold and 83 new listings. The condo & townhome market has declined month-over-month. with 13 new listings and 9 sales, totaling approximately $750K. Buyers remain aggressive with their offer prices continuing to be at around 100%. Only 6% of homes have been completed, so the market has seen a decrease in supply. The surging demand continues driving the cost of buying up, creating an imbalance between the pricing range and active options in the marketplace.