Alameda County - Q4 2024 Market Overview

In Q4 2024, Alameda County's real estate market exhibited notable seasonal trends, with active listings seeing a sharp decline as the year ended, dropping below 1,000. Sold listings followed a similar trend, dipping from earlier highs and settling around 800 properties sold. Median sales prices remained stable, hovering around $1.1 million, reflecting steady buyer demand amidst reduced inventory. The average days on market increased to approximately 40 days, indicating more time needed for properties to secure offers. The average price per square foot saw a moderate decrease, settling near $720, which suggests a slight softening in price appreciation. These data points highlight a cooling market typical of the winter season, with balanced activity reflective of broader Bay Area trends.