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Market Report for Fremont Area November 2022

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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

Jump to Castro Valley Report Castro Valley

San Leandro

Jump to San Leandro Report

Tri-Cities

(Fremont, Newark & Union City)

Jump to Tri-Cities Report

Jump to Pleasanton Report

Jump to San Ramon Report San Ramon

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 it's changing rapidly

Values vary not just by neighborhood, but by street Your home isn't necessarily worth what your neighbors is At the end of the day, the current market 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.

SellYourHouseBefore theHolidays

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?

If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays

Milpitas

What's in the Milpitas data?

In Milpitas, the median sold price for single-family homes in October remains the same month-over-month to $1.4 million. The number of homes sold decreased to 17, and the number of new listings increased to 56. The number of condo & townhome sales increased to $1.4 million monthover-month with 13 units sold and 47 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

Single Family Homes

56 New Listings

1.9 Months of Inventory

17 Sold Listings

$1.4M Median Sale Price

98.3% Median Sale vs List

32

Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

47

Listings

13 Sold Listings

2

$1.4M

Single Family Homes

The median sales price has remain the same from $1 4mlast year's October to $1 4m this year

Condos & Townhomes

The median sales price has increased from $1m last October 2021 to $1 4m by October 2022

AVGDays OntheMarket

Single Family Homes

The average days on market has increased from 9 days of the same month last year, to 32 days this year.

Condos & Townhomes

The average days on market has gone up from last year's October with 25 days, to 26 days this year

Overbids

Single Family Homes

The overbid percentage has decreased from 108.6% last year's October, to 98.3% this year.

Condos & Townhomes

The overbid percentage decreased from 104 2% of October 2021, to 100% a year later

Fremont

What's in the Fremont data?

In Fremont, the median sold price for single-family homes in October decreased month-over-month to $1.4 million. The number of homes sold decreased to 86, and the number of new listings increased to 199. The number of condo & townhome sales decreased month-over-month to $830 thousand with 47 units sold and 135 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

135

Fremont

ngle Family Homes st 12 months, year-over-year.

ondos & Townhomes st 12 months, year-over-year

Single Family Homes

The median sales price has decreased from $1 5m in October 2021 to $1 4m in October 2022

Condos & Townhomes

The median sales price decreased from $940k in October 2021 and $830k in October 2022

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 12 days last October 2021 to 25 days by October 2022.

Condos & Townhomes

The average days on market increased from 22 days in October 2021 to 44 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 109.2% last October 2021 to 96% a year later.

Condos & Townhomes

The overbid percentage decreased from 103 3% last October 2021 to 97 3% a year later

Newark

What's in the Newark data?

In Newark, the median sold price for single-family homes in October decreased month-over-month to $1.1 million. The number of homes sold decreased to 11, and the number of new listings increased to 65. The number of condo & townhome sales increased month-over-month to $785 thousand with 8 units sold and 17 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

MThe data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

Single Family Homes

The median sales price decreased from $1 3m in October 2021 to $1 1m in October 2022

Condos & Townhomes

The median sales price slightly increased from $770k in October 2021 and $785k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 13 days last October 2021 to 32 days by October 2022

Condos & Townhomes

The average days on market increased from 13 days in October 2021 to 26 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 108.9% last October 2021 to 93.8% a year later.

Condos & Townhomes

The overbid percentage decreased from 103 7% last October 2021 to 94% a year later

Union City

What's in the Union City data?

In Union City, the median sold price for single-family homes in October increased month-over-month to $1.4 million. The number of homes sold decreased to 23, and the number of new listings also decreased to 59. The number of condo & townhome decreased month-over-month to $520 thousand, with 4 units sold and 29 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

23 Sold Listings omes

$1.4M

Median Sale Price

35

Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

2.9

Single Family Homes

The median sales price has increased from $1 3m last October 2021 to $1 4m on October 2022

Condos & Townhomes

The median sales price has decreased from $775k last October 2021 to $520k on October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market is from 13 days last October 2021 up to 35 days by October 2022.

Condos & Townhomes

The average days on market is from 21 days last October 2021 to still 21 days by October 2022

Overbids

Single Family Homes

The overbid percentage is down to 109.6% last October 2021 which decreased to 96.2% a year later.

Condos & Townhomes

The overbid percentage has gone down from 103 8% last October 2021 to 98 2% a year later.

Hayward

What's in the Hayward data?

In Hayward, the median sold price for single-family homes in October decreased month-over-month to $900 thousand. The number of homes sold decreased to 44, and the number of new listings increased to 223. The number of condo & townhome sales decreased month-over-month to $581 thousand, with 26 units sold and 87 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

Single

Family Homes

223 New Listings

1.9 Months of Inventory

44 Sold Listings

$900K Median Sale Price

35

Avg Days on Market 99.5%

Median Sale vs List

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

87

Listings 1.9

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 $915k in October 2021 to $900k in October 2022

Condos & Townhomes

The median sales price slightly decreased from $610k in October 2021 and $581k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 21 days last October 2021 to 35 days by October 2022.

Condos & Townhomes

The average days on market increased from 23 days in October 2021 to 35 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 107.3% last October 2021 to 99.5% a year later.

Condos & Townhomes

The overbid percentage decreased from 104 4% last October 2021 to 97 4% a year later

Castro Valley

What's in the Castro Valley data?

In Castro Valley, the median sold price for single-family homes in October decreased month-over-month to $1.2 million. The number of homes sold decreased to 35, and the number of new listings increased to 86. The number of condo & townhome sales decreased month-over-month to $610 thousand with 4 units sold and 14 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

6 Listings

.3 hs of Inventory

35 Sold Listings

7.3%

28

Family Homes Avg Days on Market

$1.2M Median Sale Price an Sale vs List

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

14

Single Family Homes

The median sales price slightly decreased from $1 277m in October 2021 to $1 2m in October 2022

Condos & Townhomes

The median sales price decreased from $750k in October 2021 and $610k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 12 days last October 2021 to 28 days by October 2022.

Condos & Townhomes

The average days on market decreased from 24 days in October 2021 to 10 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 107.5% last October 2021 to 97.3% a year later.

Condos & Townhomes

The overbid percentage decreased from 104 6% last October 2021 to 97 3% a year later

San Leandro

What's in the San Leandro data?

In San Leandro, the median sold price for single-family homes in October increased month-over-month to $862 thousand. The number of homes sold decreased to 50, and the number of new listings increased to 107. Similarly to last month, the number of condo and townhome sales increased month-overmonth to $585 thousand, with 9 units sold and 39 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

Single Family Homes

107 New Listings

1.7 Months of Inventory

50 Sold Listings

$862K Median Sale Price

94.8%

Median Sale vs List

24

Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

39

Listings

2.7

SanLeandro

Median SalesPrice

Single Family Homes

The median sales price is up $852k from October 2021 to $862k on October 2022

Condos & Townhomes

The median sales price has increased from $535k last October 2021 to $585k on October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market is from 16 days last October 2021 up to 24 days by October 2022

Condos & Townhomes

The average days on market last October 2021 is 19 days up to 25 days on October 2022

Overbids

Single Family Homes

The overbid percentage is down to 107.1% last October 2021 which decreased to 94.8% a year later.

Condos & Townhomes

The overbid percentage has gone down from 105% last October 2021 to 101 7% a year later

Tri-Cities

What's in the Tri-Cities data?

In the Tri-Cities, the median sold price for single-family homes in October decreased month-over-month to $1.4 million. The number of homes sold decreased to 120, and the number of new listings increased to 323. The number of condo & townhome sales decreased month-over-month to $798 thousand with 59 units sold and 181 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

Family Homes

s

ventory

120 Sold Listings

$1.4M Median Sale Price

9% vs List

28

Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

181

2.4

Single Family Homes

The median sales price slightly decreased from $1 450m in October 2021 to $1 415 in October 2022

Condos & Townhomes

The median sales price decreased from $855k in October 2021 and $798k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 13 days last October 2021 to 28 days by October 2022.

Condos & Townhomes

The average days on market increased from 21 days in October 2021 to 38 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 109.2% last October 2021 to 95.5% a year later.

Condos & Townhomes

The overbid percentage decreased from 103 4% last October 2021 to 96 9% a year later

Pleasanton

What's in the Pleasanton data?

In Pleasanton, the median sold price for single-family homes in October decreased month-over-month to $1.6 million. The number of homes sold decreased to 35, and the number of new listings increased to 103. The number of condo & townhome sales increased month-over-month to $847 thousand with 12 units sold and 36 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

y

ly Homes

35 Sold Listings

$1.6M Median Sale Price

31 Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

36

Single Family Homes

The median sales price decreased from $1 7m in October 2021 to $1 6m in October 2022

Condos & Townhomes

The median sales price increased from $790k in October 2021 and $847k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 11 days last October 2021 to 31 days by October 2022.

Condos & Townhomes

The average days on market decreased from 24 days in October 2021 to 10 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 103.8% last October 2021 to 94.4% a year later.

Condos & Townhomes

The overbid percentage decreased from 101 3% last October 2021 to 94 9% a year later

San Ramon

What's in the San Ramon data?

In San Ramon, the median sold price for single-family homes in October decreased month-over-month to $1.7 million. The number of homes sold decreased to 39, and the number of new listings increased to 94. The number of condo & townhome sales increased month-over-month to $928 thousand with 22 units sold and 60 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

amily Homes

entory

39 Sold Listings

$1.7M Median Sale Price

6% vs List

28

Avg Days on Market

The data includes all single-family, 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. Data from sources deemed reliable may contain errors and be subject to revision. © 2022. All rights reserved. Each Office Is Independently Owned and Operated. DRE# 01345026.

60

New Listings

22 Sold Listings

2.3

Months of Inventory

$928K

Median Sale Price

96.1%

Median Sale vs List

29 Avg Days on Market

mily Homes months, year-over-year. & Townhomes

Last 12 months, year-over-year

Single Family Homes

The median sales price slightly decreased from $1 760m in October 2021 to $1 750m in October 2022

Condos & Townhomes

The median sales price increased from $875k in October 2021 and $928k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 12 days last October 2021 to 28 days by October 2022.

Condos & Townhomes

The average days on market increased from 16 days in October 2021 to 29 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 111.3% last October 2021 to 95.6% a year later.

Condos & Townhomes

The overbid percentage decreased from 105 1% last October 2021 to 96 1% a year later

Livermore

What's in the Livermore data?

In Livermore, the median sold price for single-family homes in October increased month-over-month to $1.1 million. The number of homes sold decreased to 65, and the number of new listings increased to 188. The number of condo & townhome sales decreased month-over-month to $825 thousand with 8 units sold and 27 new listings.Buyers are still being aggressive with their offer prices, with the median offer price continus to be about 100%. Only about 6% of all homes for sale were actually completed, due to supply constraints adding to the scarcity of home supply. Meanwhile, the demand continues to rise, leading to a rise in sales prices, creating an imbalance between supply and demand.

Condo & Townhomes

27

New Listings

8

Sold Listings

1.7

Months of Inventory

$825K

Median Sale Price 94.9%

Median Sale vs List

53

Avg Days on Market

Last 12 months, year over year

Single Family Homes

The median sales price slightly increased from $1 1m in October 2021 to $1 169m in October 2022

Condos & Townhomes

The median sales price slightly decreased from $835k in October 2021 and $825k in October 2022.

AVGDays OntheMarket

Single Family Homes

The average days on market increased from 19 days last October 2021 to 34 days by October 2022.

Condos & Townhomes

The average days on market increased from 21 days in October 2021 to 53 days this year

Overbids

Single Family Homes

The overbid percentage decreased from 101% last October 2021 to 94.1% a year later.

Condos & Townhomes

The overbid percentage decreased from 102 1% last October 2021 to 94 9% a year later

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