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That's really the question you should be asking yourself
Our market is incredibly diverse and changes 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.
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people, who want to purchase a home, priced out of the market, and others wondering if now is the right time to buy. But this rise in borrowing cost shows no signs of letting up soon.
Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise George Ratiu, Senior Economist and Manager of Economic Research at realtor com, says this:
“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months ”
So, is now the right time to buy a home? Anyone thinking about buying a home today should ask these two questions.
In Milpitas, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold decreased to 22, and the number of new listings increased to 57. The number of condo & townhome sales decreased to $1.1 million monthover-month with 16 units sold and 47 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
57 New Listings
2.2 Months of Inventory
22 Sold Listings
$1.2M Median Sale Price
98.6% Median Sale vs List
22
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 and Livermore 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
16 Sold Listings
SEPTEMBER 2021 - SEPTEMBER
Single Family Homes
The median sales price has decreased from $1 3m last year's September to $1 2m this year
Condos & Townhomes
The median sales price has increased from $1m last September 2021 to $1 1m by September 2022
The average days on market has increased from 15 days of the same month last year, to 22 days this year.
Condos & Townhomes
The average days on market has gone up from last year's September with 15 days, to 24 days this year
Single Family Homes
The overbid percentage has decreased from 106.3% last year's September, to 98.6% this year.
Condos & Townhomes
The overbid percentage decreased from 103 9% of September 2021, to 97 3% a year later
In Fremont, the median sold price for single-family homes in September slightly increased month-over-month to $1.5 million. The number of homes sold decreased to 97 and the number of new listings increased to 253. The number of condo & townhome sales slightly decreased month-overmonth to $800 thousand with 50 units sold and 171 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
253 New Listings
0.6 Months of Inventory
97 Sold Listings
$1.5M Median Sale Price
97.9%
Median Sale 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 and Livermore 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.
171
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single Family Homes
The median sales price slightly increased from $1 4m last year's September to $1 5m this year
Condos & Townhomes
The median sales price has increased from $794k last September to $800k by September 2022.
The average days on market has increased from 12 days of the same month last year, to 28 days this year.
Condos & Townhomes
The average days on market has gone up from last year's September with 20 days, to 21 days this year
Single Family Homes
The overbid percentage has decreased from 108.2% last year's September, to 97.9% this year.
Condos & Townhomes
The overbid percentage has decreased from 102 2% of September 2021, to 99 6% a year later
In Newark, the median sold price for single-family homes in September increased month-over-month to $1.2 million. The number of homes sold decreased to 31 and the number of new listings increased to 64. The number of condo and townhome sales increased month-over-month to $682 thousand, with 13 units sold and 22 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
1 d Listings mes
1.2M
dian Sale Price
2
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 and Livermore 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.
22
LISTINGS FOR SALE VS SOLD LISTINGS
Single Family Homes
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single Family Homes
The median sales price has increased from $1 1m of last year's September, to $1 2m this year
Condos & Townhomes
The median sales price has decreased from $900k last year's September to $682k this year.
The average days on market has significantly increased from 13 days last year's September, to 32 days a year later.
Condos & Townhomes
The average days on market has increased from 10 days last year's September, to 33 days a year later
Single Family Homes
The overbid percentage has decreased from 106.9% of last year's September, to 95% this year.
Condos & Townhomes
The overbid percentage has decreased from 104 1% of last year's September , to 96 3% this year
In Union City, the median sold price for single-family homes in September decreased month-over-month to $1.2 million. The number of homes sold increased to 32, and the number of new listings also increased to 86. The number of condo & townhomes increased month-over-month to $640 thousand, with 7 units sold and 23 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
86 New Listings
1.5 Months of Inventory
32 Sold Listings
$1.2M Median Sale Price
95%
Median Sale vs List
26
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 and Livermore 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.
23
Listings
2.7
2
2
Single Family Homes
The median sales price has decreased from $1 3m last September 2021 to $1 2m on September 2022
Condos & Townhomes
The median sales price has increased from $615k last September 2021 to $640k on September 2022.
Single Family Homes
The average days on market is from 12 days last September 2021 up to 26 days by September 2022.
Condos & Townhomes
The average days on market is from 17 days last September 2021 up to 24 days by September 2022
Single Family Homes
The overbid percentage is down to 112.7% last September 2021 which decreased to 95% a year later.
Condos & Townhomes
The overbid percentage has gone down from 104 4% last September 2021 to 99 8% a year later.
In Hayward, the median sold price for single-family homes in September decreased month-over-month to $860 thousand. The number of homes sold decreased to 89, and the number of new listings decreased to 220. The number of condo & townhomes sales decreased month-over-month to $595 thousand, with 30 units sold and 96 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
220 New Listings
2 Months of Inventory
89 Sold Listings
$860K Median Sale Price
97.7%
Median Sale vs List
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 and Livermore 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
Last 12 months, year-over-year.
Condos & Townhomes
Last 12 months, year-over-year
Single Family Homes
The median sales price decreased from $930k in September 2021 to $860k in September 2022
Condos & Townhomes
The median sales price slightly decreased from $615k in September 2021 and $595k in September 2022.
Single Family Homes
The average days on market increased from 16 days last September 2021 to 31 days by September 2022.
Condos & Townhomes
The average days on market increased from 18 days in September 2021 to 32 days this year
Single Family Homes
The overbid percentage decreased from 107.1% last September 2021 to 97.7% a year later.
Condos & Townhomes
The overbid percentage decreased from 106 4% last September 2021 to 98 2% a year later
In San Leandro, the median sold price for single-family homes in September decreased month-over-month to $815 thousand. The number of homes sold decreased to 42, and the number of new listings increased to 133. Similarly to last month, the number of condo and townhome sales decreased month-over-month to $585 thousand, with 12 units sold and 40 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
133 New Listings
1.3 Months of Inventory
42 Sold Listings
$815K Median Sale Price
99.8%
Median Sale vs List
33
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 and Livermore 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.
amily Homes
Single Family Homes
The median sales price is down $900k from September 2021 to $815k on September 2022
Condos & Townhomes
The median sales price has decreased from $595k last September 2021 to $585k on September 2022.
Single Family Homes
The average days on market is from 18 days last September 2021 up to 33 days by September 2022
Condos & Townhomes
The average days on market last September 2021 is 18 days up to 27 days on September 2022
Single Family Homes
The overbid percentage is down to 108.8% last September 2021 which decreased to 99.8% a year later.
Condos & Townhomes
The overbid percentage has gone down from 106 5% last September 2021 to 99 6% a year later
In the Tri-Cities, the median sold price for single-family homes in September decreased month-over-month to $1.3 million. The number of homes sold decreased to 161, and the number of new listings increased to 403. The number of condo & townhomes sales increased month-over-month at $774 thousand, with 72 units sold and 218 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
403 New Listings
1.4 Months of Inventory
161 Sold Listings
$1.3M Median Sale Price
96.9%
Median Sale 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 and Livermore 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.
218 New Listings
72 Sold Listings
2.1 Months of Inventory
Median Sale vs List 23 Avg Days on Market
LISTINGS FOR SALE VS SOLD LISTINGS
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 September 2021 to $1 3m in September 2022
Condos & Townhomes
The median sales price increased from $767k in September 2021 and $774k in September 2022.
Single Family Homes
The average days on market increased from 12 days last September 2021 to 28 days by September 2022.
Condos & Townhomes
The average days on market increased from 18 days in September 2021 to 23 days this year
Single Family Homes
The overbid percentage decreased from 108.6% last September 2021 to 96.9% a year later.
Condos & Townhomes
The overbid percentage decreased from 102 9% last September 2021 to 99% a year later
In Pleasanton, the median sold price for single-family homes in September increased month-over-month to $1.6 million. The number of homes sold decreased to 44, and the number of new listings increased to 127. The number of condo & townhome sales increased month-over-month to $820 thousand month-over-month with 11 units sold and 43 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
127 New Listings
1.9 Months of Inventory
44 Sold Listings
$1.6M Median Sale Price
92% Median Sale vs List
29 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 and Livermore 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.
43 New Listings
Homes s, year-over-year.
nhomes s, year-over-year
Single Family Homes
The median sales price increased from $1 5m in September 2021 to $1 6m in September 2022
Condos & Townhomes
The median sales price increased from $762k in September 2021 and $820k in September 2022.
Single Family Homes
The average days on market increased from 12 days last September 2021 to 29 days by September 2022.
Condos & Townhomes
The average days on market increased from 15 days in September 2021 to 37 days this year
Single Family Homes
The overbid percentage decreased from 108% last September 2021 to 92% a year later.
Condos & Townhomes
The overbid percentage decreased from 104 3% last September 2021 to 91 8% a year later
In San Ramon, the median sold price for single-family homes in September increased month-over-month to $1.7 million. The number of homes sold decreased to 68, and the number of new listings increased to 117. The number of condo & townhomes sales increased month-over-month at $1 million, with 20 units sold and 61 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
entory
68 Sold Listings
$1.7M Median Sale Price
5% 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 and Livermore 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.
61
New Listings
20 Sold Listings
1.5
Months of Inventory
$1M
Median Sale Price 94.7%
Median Sale vs List
28 Avg Days on Market
Homes s, year-over-year.
nhomes
Last 12 months, year-over-year
Single Family Homes
The median sales price increased from $1 6m in September 2021 to $1 7m in September 2022
Condos & Townhomes
The median sales price increased from $752k in September 2021 and $1m in September 2022.
Single Family Homes
The average days on market increased from 9 days last September 2021 to 32 days by September 2022.
Condos & Townhomes
The average days on market increased from 14 days in September 2021 to 28 days this year
Single Family Homes
The overbid percentage decreased from 106.9% last September 2021 to 94.5% a year later.
Condos & Townhomes
The overbid percentage decreased from 105% last September 2021 to 94 7% a year later
In Livermore, the median sold price for single-family homes in September increased month-over-month to $1.1 million. The number of homes sold decreased to 75, and the number of new listings increased to 211. The number of condo and townhome sales decreased month-over-month at $720 thousand with 23 units sold and 27 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing 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 for homes continues to rise albeit the rise in sales prices creating an imbalance of supply and demand.
.1M Sale Price tings
The data includes all single-family, townhome, and condominium sales in Milpitas, Fremont, Newark, Union City, Hayward, San Leandro, Tri-Cities, Pleasanton, San Ramon and Livermore 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. ys on Market
27 New Listings
23 Sold Listings
1.8 Months of Inventory $720K Median Sale Price 99.7% Median Sale vs List 32 Avg Days on Market
Last
Single Family Homes
The median sales price slightly increased from $1 140m in September 2021 to $1 190m in September 2022
Condos & Townhomes
The median sales price decreased from $777k in September 2021 and $720k in September 2022.
Single Family Homes
The average days on market increased from 13 days last September 2021 to 34 days by September 2022.
Condos & Townhomes
The average days on market increased from 18 days in September 2021 to 32 days this year
Single Family Homes
The overbid percentage decreased from 105.1% last September 2021 to 94% a year later.
Condos & Townhomes
The overbid percentage decreased from 102 2% last September 2021 to 99 7% a year later
