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RICHMOND SOLD HOMES
Market Overview:
In September 2023, the Richmond housing market witnessed some interesting trends when compared to the same month last year. While the number of homes sold decreased, properties moved off the market faster, and prices surged. Here’s a closer look at the details:
This Month (September 2023):
- Total Homes Sold: 43
- Median Sale Price: $751,367
- Highest Sale Price: $1,525,000
- Lowest Sale Price: $310,000
- Average Days on Market (DOM): 25 days
Last Year (September 2022):
- Total Homes Sold: 66
- Median Sale Price: $685,000
- Highest Sale Price: $1.3 million
- Lowest Sale Price: $310,000
- Average Days on Market (DOM): 28 days
Market Analysis:
The Richmond housing market in September 2023 showcased a decrease in the number of homes sold, with 43 properties changing hands compared to 66 in the same month the previous year. However, what’s particularly striking is the median sale price, which saw significant growth, climbing from $685,000 in 2022 to $751,367 in 2023.
Homes in Richmond also spent less time on the market, with an average of 25 days in September 2023, compared to 28 days the previous year. This faster pace of sales indicates strong demand and competition among buyers.
BERKELEY SOLD HOMES
Market Overview:
The Berkeley real estate market in September 2023 experienced some unique dynamics, including low inventory, slightly lower prices, but notably faster sales. Here’s a detailed breakdown:
This Month (September 2023):
- Total Homes Sold: 40
- Median Sale Price: $1.4 million
- Highest Sale Price: $3.3 million
- Lowest Sale Price: $650,000
- Average Days on Market (DOM): 16 days
Last Year (September 2022):
- Total Homes Sold: 52
- Median Sale Price: $1,512,500
- Highest Sale Price: $3.7 million
- Lowest Sale Price: $514,000
- Average Days on Market (DOM): 20 days
Market Analysis:
Berkeley’s real estate market experienced a decrease in the number of homes sold, with 40 properties changing hands in September 2023 compared to 52 in the same month the previous year. Despite the lower inventory, properties sold faster, with an average of 16 days on the market, compared to 20 days in September 2022.
While the median sale price dipped slightly from $1,512,500 in 2022 to $1.4 million in 2023, Berkeley remains an attractive market for both buyers and sellers.
OAKLAND SOLD HOMES
Market Overview:
The Oakland housing market showed intriguing trends in September 2023. Despite fewer sales and slightly longer time on the market, home prices continued their upward trajectory. Here are the specifics:
This Month (September 2023):
- Total Homes Sold: 154
- Median Sale Price: $900,000
- Highest Sale Price: $4.25 million
- Lowest Sale Price: $285,000
- Average Days on Market (DOM): 31 days
Last Year (September 2022):
- Total Homes Sold: 222
- Median Sale Price: $830,000
- Highest Sale Price: $3.35 million
- Lowest Sale Price: $250,000
- Average Days on Market (DOM): 26 days
Market Analysis:
Oakland’s real estate market in September 2023 reported fewer sales, with 154 homes sold, compared to 222 in the same month the previous year. However, this didn’t deter buyers, as prices continued to rise. The median sale price increased from $830,000 in 2022 to $900,000 in 2023.
Homes in Oakland spent an average of 31 days on the market in September 2023, a slight increase from 26 days in 2022. Despite the extended time on the market, Oakland remains a competitive market with rising property values.
PIEDMONT SOLD HOMES
Market Overview:
The Piedmont real estate market saw a subtle shift in September 2023, with fewer sales, higher median prices, and significantly faster sales. Here’s a closer look:
This Month (September 2023):
- Total Homes Sold: 10
- Median Sale Price: $2,642,500
- Highest Sale Price: $4.15 million
- Lowest Sale Price: $1.35 million
- Average Days on Market (DOM): 13 days
Last Year (September 2022):
- Total Homes Sold: 12
- Median Sale Price: $2,451,375
- Highest Sale Price: $5.02 million
- Lowest Sale Price: $1,295,000
- Average Days on Market (DOM): 37 days
Market Analysis:
In September 2023, the Piedmont housing market reported slightly fewer sales, with 10 homes changing hands compared to 12 in September 2022. However, the median sale price increased from $2,451,375 in 2022 to $2,642,500 in 2023.
One of the most notable shifts was the significantly faster pace of sales, with homes spending an average of just 13 days on the market in September 2023, compared to 37 days in 2022. Piedmont continues to attract buyers with its higher-end properties and quicker transactions.
EL SOBRANTE SOLD HOMES
Market Overview:
The El Sobrante real estate market exhibited distinct trends in September 2023, with fewer sales, an extended time on market, and slightly lower median prices. Here are the specifics:
This Month (September 2023):
- Total Homes Sold: 6
- Median Sale Price: $735,000
- Highest Sale Price: $950,000
- Lowest Sale Price: $500,000
- Average Days on Market (DOM): 36 days
Last Year (September 2022):
- Total Homes Sold: 8
- Median Sale Price: $820,000
- Highest Sale Price: $950,000
- Lowest Sale Price: $365,000
- Average Days on Market (DOM): 23 days
Market Analysis:
In September 2023, the El Sobrante housing market reported fewer sales, with 6 homes sold, compared to 8 in September 2022. Additionally, properties spent an extended period on the market, with an average of 36 days in 2023, compared to 23 days the previous year.
The median sale price showed a slight decrease from $820,000 in 2022 to $735,000 in 2023. Despite these shifts, El Sobrante remains a diverse market with various opportunities for both buyers and sellers.
