Anda Margine - Realtor

📊 2024 YEAR REVIEW _ Bay Area Real Estate Market: Key Insights

The Bay Area’s real estate market in 2024 shows low home inventory, home still selling over the asking price. Median Sales Prices continue to rise despite the interest rates. A quick comparison of 2023 and 2024, highlighting key county trends and overall market averages:

📈 Overall Averages 2024 (Bay Area Totals):

Total Number of Sales: 36,754 homes
Number of Sales Growth: 9%

Median Sales Price: $1.315M
Median Price Growth: 6%

Median Days on Market: 16 days
Homes Sold Over Listed Price: 60%

🏆 Standout Performances by County:

🔝 Highest Number of Sales Growth: Santa Clara County (16%)

💰 Highest Median Sales Price: San Mateo County ($2.088M)

⏳ Most Days on Market: Napa County (66.5 days)

🚀 Highest Percentage of Homes Sold Over Listed Price: San Francisco (73%)

What This Means: Santa Clara and San Mateo continue to dominate with strong demand and rising prices, while San Francisco stands out for its competitive offers over list price. Napa's slower market reflects its luxury-driven niche.

💬 Let’s discuss how you can benefit from these insights in 2025!

📱 Call/Text: 510.909.5473

📧 Email: [email protected]

🔗 Explore the full report: Full Report

Sales YTD Comparative Report Identify the hottest markets by finding out how counties and cities throughout California are doing compared to last year's sales.