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Market report for Fremont area April 2023

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Fremont area

Milpitas

Jump to Milpitas Report

Fremont

Jump to Fremont City Report

Newark

Jump to Newark Report

Union City

Jump to Union City Report

Hayward

Jump to Hayward Report

Castro Valley

Jump to Castro Valley Report

San Leandro

Jump to San Leandro Report

Tri-Cities

(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 reallyworthintoday’s market?

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. 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?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

HowChangingMortgage RatesCanAffectYou

The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power.

Milpitas

What's in the Milpitas data?

Currently, there are 46 single-family homes for sale, which is providing 1 month of inventory. There were 22 new listings, and 16 homes were sold with a median sale price of $1.5m. The median overbid was 102.3%, and the average time spent on the market was 17 days.

There are currently 45 condo and townhome units for sale, providing 1 1 months of inventory There were 20 new listings for sale, and 19 units were sold with a median sale price of $1m. The median overbid was 103.7%, and the average time on the market was 9 days.

Single-Family Homes

22 New Listings

1 Months of Inventory

16 Sold Listings

$1.5M Median Sale Price

102.3% Median Sale vs List

17 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on April 3rd. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

Listings

Listings

Median SalesPrice

Single-Family Homes

The median sales price decreased from $1 6m last March 2022, to $1 5m as of March 2023

Condos & Townhomes

The median sales price has decreased from $1.1m last March 2022, to $1m as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 8 days last March 2022, to 17 days as of March 2023

Condos & Townhomes

The average time spent on market remained from 9 days in March 2022, to 9 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 9% last March 2022, to 102 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 113.8% last March 2022, to 103.7% a year later.

Fremont

What's in the Fremont data?

Currently, there are 122 homes for sale, providing 0.7 month of inventory. There were 64 new listings and a total of 61 homes sold, with a median sale price of $1.5m. The median overbid was 102.2% with an average of 13 days on the market.

There are currently 112 condo and townhome units for sale, providing 1.2 months of inventory. There were a total of 59 new listings and 44 units sold, with a median sale price of $865k. The median overbid was 100.5%, with an average of 29 days on the market.

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 7m last March 2022, to $1 5m as of March 2023

Condos & Townhomes

The median sales price has decreased from $910k last March 2022, to $865k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 8 days last March 2022, to 13 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 11 days in March 2022, to 29 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 9% last March 2022, to 102 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 112.1% last March 2022, to 100.5% a year later.

Newark

What's in the Newark data?

Currently, there are 44 single-family homes for sale, providing 0.6 months of inventory. There were 23 new listings and a total of 15 homes sold, with a median sale price of $1.2m. The median overbid was 99.1% with an average of 14 days on the market.

There are currently a total of 13 condo and townhome units for sale, providing 0 4 months of inventory. There were 8 new listings for sale, and a total of 8 units sold with a median sale price of $738k. The median overbid was 97.3%, with an average of 12 days on the market.

Single-Family Homes

23 New Listings

15 Sold Listings

0.6 Months of Inventory

$1.2M Median Sale Price

99.1% Median Sale vs List

14 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on April 3rd. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 5m last March 2022, to $1 2m as of March 2023

Condos & Townhomes

The median sales price has decreased from $880k last March 2022, to $738k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 7 days last March 2022, to 14 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 6 days in March 2022, to 12 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 115 8% last March 2022, to 99 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 112.9% last March 2022, to 97.3% a year later.

UnionCity

What's in the Union City data?

Currently, there are 35 homes for sale, providing 0.5 months of inventory. There were 26 new listings added and 21 homes sold, with a median sale price of $1.2m. The median overbid was 102.7%, with an average of 8 days on the market.

There are currently 13 condo and townhome units for sale, providing 0.9 months of inventory. There were 6 new listings added and 4 units sold, with a median sale price of $749k. The median overbid was 101.5%, with an average of 25 days on the market.

4 Sold Listings

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 5m last March 2022, to $1 2m as of March 2023

Condos & Townhomes

The median sales price has increased from $622k last March 2022, to $749k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 11 days last March 2022, to 8 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 12days in March 2022, to 25 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 5% last March 2022, to 102 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.2% last March 2022, to 101.5% a year later.

Hayward

What's in the Hayward data?

Currently, there are 136 single-family homes sale, providing 0.9 months of inventory. Ther were 71 new listings, and 73 homes sold at a median sale price of $875k. The median over percentage was 100.1%, with an average of 2 days on the market.

There are currently 58 condo and townhome for sale, providing 1 3 months of inventory T were 30 new listings, and 15 units sold at a median sale price of $642k. The median over percentage was 98.3%, with an average of 24 on the market.

30

LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 1m last March 2022, to $875k as of March 2023

Condos & Townhomes

The median sales price has decreased from $767k last March 2022, to $642k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 9 days last March 2022, to 23 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 9 days in March 2022, to 24 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 117 4% last March 2022, to 100 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.4% last March 2022, to 98.3% a year later.

Castro Valley

What's in the Castro Valley data?

Currently, there are 50 single-family homes for sale, providing 0.7 months of inventory. There were 27 new listings, and 19 homes sold at a median sale price of $1.1m. The median overbid percentage was 102 2%, with an average of 15 days on the market.

There are currently 8 condo and townhome units for sale, providing 3 months of inventory. There were 6 new listings, and 4 units sold at a median sale price of $781k. The median overbid percentage was 101.8%, with an average of 6 days on the market

3

CastroValley

MARCH 2022 - MARCH 2023

ngle-Family Homes ast

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 4m last March 2022, to $1 1m as of March 2023

Condos & Townhomes

The median sales price has increased from $780k last March 2022, to $781k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 8 days last March 2022, to 15 days as of March 2023

Condos & Townhomes

The average time spent on market went down from 8 days in March 2022, to 6 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 119 8% last March 2022, to 102% a year later

Condos & Townhomes

The overbid percentage has decreased from 107.4% last March 2022, to 101.8% a year later.

San Leandro

What's in the Castro Valley

data?

Currently, there are 60 single-family homes for sale, providing 1 month of inventory. There were 30 new listings, and 31 homes sold with a median sale price of $835k. The median overbid percentage was 103.3%, with an average of 22 days on the market.

There are currently 32 condo and townhome units for sale, providing 1.7 months of inventory. There were 20 new listings, and 8 condos sold at a median sale price of $539k The median overbid was 101%, with an average of 22 days on the market

20 New Listings

8 Sold Listings

SanLeandro

MARCH 2022 - MARCH 2023

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $952k last March 2022, to $835k as of March 2023

Condos & Townhomes

The median sales price has decreased from $550k last March 2022, to $539k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 9 days last March 2022, to 22 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 13 days in March 2022, to 22 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 119% last March 2022, to 103 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.8% last March 2022, to 101% a year later.

Tri-Cities

What's in the Tri-Cities data?

Currently, there are 201 homes for sale, providing 0 6 month of inventory There were 114 new listings, and 97 homes sold for a median sale price of $1.3m. The median overbid was 101.9%, and there was an average of 12 days spent on the market.

There are currently 138 condo and townhome units for sale, providing 1 month of inventory. There were 73 new listings, and 56 units sold during that month with a median sale price of $857k. The median overbid was 100.1%, with an average of 27 days on the market.

ngle-Family Homes

14 Listings

97 Sold Listings

.6 ths of Inventory

$1.3M Median Sale Price

01.9% ian Sale vs List

12 Avg Days on Market

data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on April 3rd. Data ources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

73

Tri-Cities

MARCH 2022 - MARCH 2023

ngle-Family

ast

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 6m last March 2022, to $1 3m as of March 2023

Condos & Townhomes

The median sales price has decreased from $825k last March 2022, to $857k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 8 days last March 2022, to 12 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 10 days in March 2022, to 27 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 6% last March 2022, to 101 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 111.2% last March 2022, to 100.1% a year later.

Pleasanton

What's in the Pleasanton dat

Currently, there are 71 single-family homes fo sale, providing 1 month of inventory. There we 42 new listings, and 29 homes sold with a me sale price of $1.9m. The median overbid was 98.1%, with an average of 10 days on the mar

There are currently only 10 condo and townho units for sale, providing 0.7 months of invento There were 7 new listings, and 16 condos sold The median sale price for condos was $977k, the median overbid was 101.1%. The average spent on the market is currently 17 days.

LISTINGS FOR SALE SOLD LISTINGS

h2023 rch2023

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2m last March 2022, to $1 9m as of March 2023

Condos & Townhomes

The median sales price has increased from $922k last March 2022, to $977k as of March 2023.

Single-Family Homes

The average time spent on market went up from 6 days last March 2022, to 10 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 6 days in March 2022, to 17 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 118 6% last March 2022, to 98 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 110.1% last March 2022, to 101.1% a year later.

SanRamon

What's in the San Ramon data?

Currently, there are 77 single-family homes for sale, which is providing 0.5 months of inventory. There were 59 new listings, and 23 homes were sold with a median sale price of $1.8m. The median overbid was 101.7%, and the average time spent on the market was 14 days.

There are currently 38 condo and townhome units for sale, providing 0 7 months of inventory There were 23 new listings for sale, and 16 condos were sold with a median sale price of $822k. The median overbid was 99.3%, and the average time on the market was 9 days.

Single-Family Homes

59 New Listings

23 Sold Listings

0.5 Months of Inventory

$1.8M Median Sale Price

101.7% Median Sale vs List

14 Avg Days on Market

The data includes all single-family homes, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon, Livermore, and Castro Valley sourced from Broker Metrics on April 3rd. Data from sources deemed reliable may contain errors and be subject to revision. © 2023. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

23

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 1m last March 2022, to $1 8m as of March 2023

Condos & Townhomes

The median sales price has decreased from $1m last March 2022, to $822k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 7 days last March 2022, to 14 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 8 days in March 2022, to 9 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 116 1% last March 2022, to 101 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 114.7% last March 2022, to 99.3% a year later.

Livermore

What's in the Livermore data?

Currently, there are a total of 109 single-family homes for sale, providing 0.5 months of inventory. There were 71 new listings, and 47 homes sold with a median sale price of $1.2m. The median overbid of 101%, with an average of 16 days spent on the market.

As for condos and townhomes, there are currently only 29 units for sale, with 0 5 months of inventory. There were 23 new listings, and 11 condos sold for a median sale price of $835k. The median overbid was 104.2%, and the average time spent on the market is currently 11 days.

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

The median sales price has decreased from $1 3m last March 2022, to $1 2m as of March 2023

Condos & Townhomes

The median sales price has decreased from $928k last March 2022, to $835k as of March 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on market went up from 8 days last March 2022, to 16 days as of March 2023

Condos & Townhomes

The average time spent on market went up from 7 days in March 2022, to 11 days as of March 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 114 2% last March 2022, to 101% a year later

Condos & Townhomes

The overbid percentage has decreased from 108% last March 2022, to 104.2% a year later.

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