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.
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. This could be the reason the percentage of people who list their houses on their own, known as an FSBO, or For Sale By Owner, is at its lowest point since 1985
Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market:
1. They Know What Buyers Want To See
2. They Help Maximize Your Buyer Pool
3 They Understand the Fine Print
4. They’re Trained Negotiators
5. They Know How To Set the Right Price for Your House
There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.
Alameda
What's in the Alameda data?
In Alameda, the median sold price for single-family homes in August increased month-over-month to $1.6 million. The number of homes sold decreased to 30, and the number of new listings also decreased to 37. The number of condo & townhomes sales slightly increased month-over-month to $900 thousand with 17 units sold and 18 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has increased from $1.3m last August 2021 to $1.6m in August 2022.
Condos & Townhomes
The median sales price has slightly increased from $888k last August 2021 to $900k in August 2022.
Single Family Homes
The average days on market is from 15 days last August 2021 up to 21 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 10 days up to 19 days in August 2022
Overbids
Single Family Homes
The overbid percentage has decreased from 122.40% last August 2021 to 110.40% a year later.
Condos & Townhomes
The overbid percentage has increased from 110% last August 2021 to 113.70% a year later.
Albany
What's in the Albany data?
In Albany, the median sold price for single-family homes in August decreased month-over-month to $1.5 million. The number of homes sold decreased to 8, and the number of new listings also decreased to 6. The number of condo & townhomes sales decreased month-overmonth to $540 thousand with 5 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has decreased from $1 6m August 2021 to $1 5m in August 2022
Condos & Townhomes
The median sales price has decreased from $670k last August 2021 to $540k in August 2022.
Single Family Homes
The average days on the market is from 15 days last August 2021 up to 28 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 42 days down to 36 days in August 2022.
Overbids
Single Family Homes
The overbid percentage has decreased from 124.10% last August 2021 to 116.10% a year later.
Condos & Townhomes
The overbid percentage has gone down from 103.80% last August 2021 to 102.50% a year later.
Berkeley
What's in the Berkeley data?
In Berkeley, the median sold price for single-family homes in August decreased month-over-month to $1.4 million. The number of homes sold decreased to 41, and the number of new listings also decreased to 48. The number of condo & townhomes sales slightly increased monthover-month to $854 thousand with 12 units sold and 15 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has decreased from 1 6m last August 2021 to $1 4m in August 2022
Condos & Townhomes
The median sales price has slightly increased from $817k last August 2021 to $854k in August 2022
Single Family Homes
The average days on market is from 19 days last August 2021 up to 22 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 39 days down to 27 days in August 2022.
Overbids
Single Family Homes
The overbid percentage has decreased from 119 90% last August 2021 to 117 60% a year later
Condos & Townhomes
The overbid percentage has gone down from 112 40% last August 2021 to 100 90% a year later
Castro Valley
What's in the Castro Valley data?
In Castro Valley, the median sold price for single-family homes in August decreased month-over-month to $1.1 million. The number of homes sold increased to 55, and the number of new listings also decreased to 43. The number of condo & townhomes sales increased month-over-month to $877,500 with 10 units sold and 7 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has decreased from $1 2m last August 2021 to $1 1m in August 2022
Condos & Townhomes
The median sales price has increased from $767k last August 2021 to $877k in August 2022
Single Family Homes
The average days on market is from 14 days last August 2021 up to 28 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 21 days up to 24 days in August 2022.
Overbids
Single Family Homes
The overbid percentage has decreased from 112 50% last August 2021 to 94 80% a year later
Condos & Townhomes
The overbid percentage has gone down from 107 50% last August 2021 to 95 60% a year later
ElCerrito
What's in the El Cerrito data?
In El Cerrito, the median sold price for single-family homes in August increased month-over-month to $1.2 million. The number of homes sold decreased to 22, and the number of new listings also decreased to 29. The number of condo & townhomes sales decreased monthover-month to $615 thousand with 1 units sold and 3 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has increased from $1 1m last August 2021 to $1 2m in August 2022
Condos & Townhomes
The median sales price has decreased from $764k last August 2021 to $615k in August 2022
Single Family Homes
The average days on market is from 16 days last August 2021 to 14 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 22 days down to 9 days in August 2022.
Overbids
Single Family Homes
The overbid percentage has decreased from 126 40% last August 2021 to 118 50% a year later
Condos & Townhomes
The overbid percentage has gone up from 102 70% last August 2021 to 111 80% a year later
El Sobrante
What's in the El Sobrante data?
In El Sobrante, the median sold price for single-family homes in August decreased month-over-month to $677,500. The number of homes sold decreased to 10, and the number of new listings also decreased to 14. The number of condo & townhomes sales slightly decreased month-over-month to $316 thousand with 3 units sold and 2 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has decreased from $737k last August 2021 to $677k on August 2022
Condos & Townhomes
The median sales price has slightly decreased from $351k last August 2021 to $316k in August 2022
Single Family Homes
The average days on market is from 13 days last August 2021 up to 30 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 22 days down to 9 days in August 2022.
Overbids
Single Family Homes
The overbid percentage has decreased 106 80% last August 2021 to 102 50% a year later
Condos & Townhomes
The overbid percentage has decreased from 104 50% last August 2021 to 95% a year later
Emeryville
What's in the Emeryville data?
In Emeryville, the median sold price for single-family homes in August has no changes month-over-month to $0. The number of homes sold remains to 0, and the number of new listings also decreased to 2. The number of condo & townhomes sales decreased month-overmonth to $460 thousand with 9 units sold and 18 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price has no changes from $0 August 2021 to $0 in August 2022
Condos & Townhomes
The median sales price has decreased from $705k last August 2021 to $460k in August 2022
AVGDays OntheMarket
Single Family Homes
The average days on market is from 9 days last August 2021 down to 6 days by August 2022
Condos & Townhomes
The average number of days on market last August 2021 is 26 days up to 42 days in August 2022
Overbids
Single Family Homes
The overbid percentage has no changes from 0% last August 2021 to 0% a year later
Condos & Townhomes
The overbid percentage has gone down from 104 20% last August 2021 to 100 70% a year later
Fremont
What's in the Fremont data?
In Fremont, the median sold price for single-family homes in August increased month-over-month to $1.499 million. The number of homes sold decreased to 92, and the number of new listings increased to 292. The number of condo & townhomes sales increased month-over-month to $800 thousand, with 46 units sold and 203 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price slightly increased from $1 477m in August 2021 to $1 499m in August 2022
Condos & Townhomes
The median sales price increased from $715k in August 2021 and $800k in August 2022
Single Family Homes
The average days on market increased from 11 days last August 2021 to 26 days by August 2022
Condos & Townhomes
The average days on market increased from 19 days in August 2021 to 29 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 109 3% last August 2021 to 94 3% a year later
Condos & Townhomes
The overbid percentage decreased from 103 7% last August 2021 to 99% a year later
Hayward
What's in the Hayward data?
In Hayward, the median sold price for single-family homes in August decreased month-over-month to $891 thousand. The number of homes sold decreased to 74, and the number of new listings increased to 246. The number of condo & townhomes sales slightly decreased month-overmonth to $591 thousand, with 22 units sold and 103 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
Sale Price 100.7% Median Sale vs List 25 Avg Days on Market
2 months, year-over-year.
s & Townhomes
2 months, year-over-year
Median SalesPrice
Single Family Homes
The median sales price decreased from $925k in August 2021 to $891k in August 2022
Condos & Townhomes
The median sales price slightly decreased from $598k in August 2021 and $591k in August 2022
Single Family Homes
The average days on market increased from 14 days last August 2021 to 27 days by August 2022
Condos & Townhomes
The average days on market increased from 16 days in August 2021 to 25 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 108 8% last August 2021 to 98 6% a year later
Condos & Townhomes
The overbid percentage decreased from 106 5% last August 2021 to 100 7% a year later
Lafayette
What's in the Lafayette data?
In Lafayette, the median sold price for single-family homes in August increased month-over-month to $1.8 million. The number of homes sold slightly decreased to 34, and the number of new listings also decreased to 62. The number of condo & townhomes sales decreased month-over-month to $825 thousand, with 3 units sold and 8 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price slightly increased from $1 832m in August 2021 to $1 862m in August 2022
Condos & Townhomes
The median sales price decreased from $980k in August 2021 and $825k in August 2022
Single Family Homes
The average days on market increased from 11 days last August 2021 to 24 days by August 2022
Condos & Townhomes
The average days on market increased from 7 days in August 2021 to 27 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 109% last August 2021 to 95 7% a year later
Condos & Townhomes
The overbid percentage stays at 102 4% for August 2021 and August 2022
Moraga
What's in the Moraga data?
In Moraga, the median sold price for single-family homes in August increased month-over-month to $2 million. The number of homes sold decreased to 10, and the number of new listings also decreased to 21. The number of condo & townhomes sales decreased month-over-month to $880 thousand, with 5 units sold and 11 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price increased from $1 7m in August 2021 to $2m in August 2022
Condos & Townhomes
The median sales price decreased from $980k in August 2021 and $880k in August 2022
Single Family Homes
The average days on market increased from 17 days last August 2021 to 20 days by August 2022
Condos & Townhomes
The average days on market decreased from 16 days in August 2021 to 11 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 103 4% last August 2021 to 97 9% a year later
Condos & Townhomes
The overbid percentage decreased from 106 4% last August 2021 to 92 4% a year later
Newark
What's in the Newark data?
In Newark, the median sold price for single-family homes in August decreased month-over-month to $1.2 million. The number of homes sold slightly decreased to 29, and the number of new listings increased to 92. The number of condo & townhomes sales increased month-over-month to $745 thousand, with 17 units sold and 29 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price decreased from $1 3m in August 2021 to $1 2m in August 2022
Condos & Townhomes
The median sales price increased from $705k in August 2021 and $745k in August 2022
Single Family Homes
The average days on market increased from 14 days last August 2021 to 33 days by August 2022
Condos & Townhomes
The average days on market decreased from 14 days in August 2021 to 22 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 108 10% last August 2021 to 96 40% a year later
Condos & Townhomes
The overbid percentage decreased from 104 50% last August 2021 to 99% a year later
Oakland
What's in the Oakland data?
In Oakland, the median sold price for single-family homes in August slightly increased month-over-month to $1.082 million. The number of homes sold decreased to 226, and the number of new listings increased to 719. The number of condo & townhomes sales decreased month-over-month to $645 thousand, with 60 units sold and 274 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price slightly increased from $1m in August 2021 to $1 082m in August 2022
Condos & Townhomes
The median sales price slightly decreased from $649k in August 2021 and $645k in August 2022
Single Family Homes
The average days on market increased from 19 days last August 2021 to 27 days by August 2022
Condos & Townhomes
The average days on market increased from 21 days in August 2021 to 26 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 121 7% last August 2021 to 110 9% a year later
Condos & Townhomes
The overbid percentage decreased from 104 9% last August 2021 to 100 9% a year later
Orinda
What's in the Orinda data?
In Orinda, the median sold price for single-family homes in August increased month-over-month to $2.2 million. The number of homes sold decreased to 23, and the number of new listings slightly increased to 62. The number of condo & townhomes sales increased month-over-month to $1.6 million, with 1 unit sold and 3 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be about 100%. There is no doubt that higher interest rates have impacted demand for homes. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the number of completed homes, the month’s supply of homes available was less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price increased from $1 8m in August 2021 to $2 2m in August 2022
Condos & Townhomes
The median sales price increased from $0 in August 2021 and $1 6m in August 2022
Single Family Homes
The average days on market increased from 16 days last August 2021 to 28 days by August 2022
Condos & Townhomes
The average days on market increased from 20 days in August 2021 to 60 days this year
Overbids
Single Family Homes
The overbid percentage decreased from 107 3% last August 2021 to 97 6% a year later
Condos & Townhomes
The overbid percentage increased from 0% last August 2021 to 93 5% a year later
Piedmont
What's in the Piedmont data?
In Piedmont, the median sold price for single-family homes in August decreased month-over-month to $2.2million. The number of homes sold decreased to 10, and the number of new listings increased to 28. The number of condo & townhomes sales remained the same month-over-month to $0 thousand, with 0 units sold and 0 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $2 9m from August 2021 to $2 2m on August 2022
Condos & Townhomes
The median sales price is from $0 last August 2021 to still $0 on August 2022
Single Family Homes
The average days on market is from 10 days last August 2021 up to 14 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 0 days to still 0 days on August 2022.
Overbids
Single Family Homes
The overbid percentage is up to 119 10% last August 2021 which decreased to 102% a year later
Condos & Townhomes
The overbid percentage is from 0% last August 2021 to 0% a year later
Pleasanton
What's in the Pleasanton data?
In Pleasanton, the median sold price for single-family homes in August decreased month-over-month to $1.5 million. The number of homes sold increased to 132 and the number of new listings decreased to 53. The number of condo & townhomes decreased month-over-month to $650 thousand, with 11 units sold and 37 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down to $1 8m from August 2021 to $1 5m on August 2022
Condos & Townhomes
The median sales price has increased from $824k last August 2021 to $850k on August 2022
Single Family Homes
The average days on market is from 11 days last August 2021 up to 26 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 11 days up to 28 days on August 2022.
Overbids
Single Family Homes
The overbid percentage is down to 107 30% last August 2021 which decreased to 93 20% a year later
Condos & Townhomes
The overbid percentage has gone down from 104 30% last August 2021 to 99 30% a year later
Richmond
What's in the Richmond data?
In Richmond, the median sold price for single-family homes in August decreased month-over-month to $740 thousand. The number of homes sold decreased to 53, and the number of new listings increased to 201. The number of condo & townhomes decreased month-over-month to $537 thousand, with 16 units sold and 46 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $775k from August 2021 to $740k on August 2022
Condos & Townhomes
The median sales price has decreased from $565k last August 2021 to $537k on August 2022
Single Family Homes
The average days on market is from 20 days last August 2021 up to 25 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 15 days to 20 days on August 2022.
Overbids
Single Family Homes
The overbid percentage is down to 111 20% last August 2021 which decreased to 103% a year later
Condos & Townhomes
The overbid percentage has gone down from 103 20% last August 2021 to 99 40% a year later
San Leandro
What's in the San Leandro data?
In San Leandro, the median sold price for single-family homes in August decreased month-over-month to $825 thousand. The number of homes sold decreased to 44, and the number of new listings increased to 133. The number of condo & townhomes increased month-over-month to $502 thousand, with 12 units sold and 43 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $900k from August 2021 to $825k on August 2022
Condos & Townhomes
The median sales price has decreased from $505k last August 2021 to $502k on August 2022
Single Family Homes
The average days on market is from 18 days last August 2021 up to 34 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 22 days up to 24 days on August 2022.
Overbids
Single Family Homes
The overbid percentage is down to 109% last August 2021 which decreased to 98 90% a year later
Condos & Townhomes
The overbid percentage has gone down from 106 20% last August 2021 to 100 60% a year later
San Lorenzo
What's in the San Lorenzo data?
In San Lorenzo, the median sold price for single-family homes in August decreased month-over-month to $830 thousand. The number of homes sold increased to 23, and the number of new listings also increased to 49. The number of condo & townhomes increased month-overmonth to $982 thousand, with 1 unit sold and 9 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $925k from August 2021 to $830k on August 2022
Condos & Townhomes
The median sales price has increased from $775k last August 2021 to $982k on August 2022
Single Family Homes
The average days on market is from 12 days last August 2021 up to 24 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 0 days up to 14 days on August 2022.
Overbids
Single Family Homes
The overbid percentage is down to 110 80% last August 2021 to 98 10% a year later
Condos & Townhomes
The overbid percentage has gone down from 108 70% last August 2021 to 103 50% a year later
SanPablo
What's in the San Pablo data?
In San Pablo, the median sold price for single-family homes in August decreased month-over-month to $610 thousand. The number of homes sold decreased to 22, and the number of new listings increased to 57. The number of condo & townhomes increased month-over-month to $320 thousand, with 4 units sold and 14 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
The median sales price is down $612k from August 2021 to $610k on August 2022
Condos & Townhomes
The median sales price has decreased from $467k last August 2021 to $320k on August 2022
Single Family Homes
The average days on market is from 16 days last August 2021 up to 33 days by August 2022
Condos & Townhomes
The average days on market last August 2021 is 18 days up to 27 days on August 2022
Overbids
Single Family Homes
The overbid percentage is down to 105 70% last August 2021 to 97 20% a year later
Condos & Townhomes
The overbid percentage has gone down from 103 90% last August 2021 to 100 10% a year later
Union City
What's in the Union City data?
In Union City, the median sold price for single-family homes in August increased month-over-month to $1.3 million. The number of homes sold decreased to 15, and the number of new listings increased to 102. The number of condo & townhomes increased month-over-month to $520 thousand, with 5 units sold and 28 new listings. Buyers are also still being aggressive with their offer prices, with the median offer price continuing to be above 100%. There is no doubt that higher interest rates have impacted demand for homes, especially in June when rates had reached their apex. But low inventory continues to be a factor as well. A balanced market is considered representative of 6 month’s supply of homes. When factoring in the amount of completed homes, the month’s supply of homes available was really less than a month at 25 days. This ongoing imbalance of supply and demand should continue to be supportive of home prices.
