Is Almaden Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Almaden Valley has remained a Seller's Market.
Housing Prices in Almaden Valley, CA
How much do homes in Almaden Valley, CA cost?
Median Sold Price
$2,115,833
$954/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Almaden Valley was $2,115,833 in May 2024, up 6.9% from last year, and the median price per square foot was $954.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $946.5K | $1.1M | +17.3% |
3 Bedrooms | $1.6M | $1.6M | -0.3% |
4 Bedrooms | $2.0M | $2.2M | +8.5% |
5+ Bedrooms | $2.4M | $2.5M | +2.5% |
Summary: Almaden Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in Almaden Valley, CA
How many homes are available in Almaden Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 95 | +15.9% |
Summary: The Almaden Valley real estate market had 95 homes for sale in May 2024, a 15.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 48 | 49 | +2.1% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Almaden Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 43 | +48.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Almaden Valley in May 2024, up by 48.3% month-over-month. Of the 41 sold homes, 15% were sold under asking, 12% were sold at asking, and 73% were sold over asking.
Days on Market for Almaden Valley, CA
How long does it take to sell a home in Almaden Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 9 Days | -41.8% |
Summary: Homes in Almaden Valley had an average of 9 days on market in May 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Almaden Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.