Is Fremont, 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, Fremont has remained a Seller's Market.
Housing Prices in Fremont, CA
How much do homes in Fremont, CA cost?
Median Sold Price
$1,450,507
$918/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fremont was $1,450,507 in May 2024, up 11.3% from last year, and the median price per square foot was $918.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $466.5K | $470K | +0.8% |
2 Bedrooms | $725.6K | $762.9K | +5.1% |
3 Bedrooms | $1.2M | $1.4M | +9.7% |
4 Bedrooms | $1.6M | $1.8M | +8.4% |
5+ Bedrooms | $2.3M | $2.7M | +17.6% |
Summary: Fremont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Newark | $1.1M | $1.2M | +14.7% |
Fremont | $1.3M | $1.4M | +11.3% |
Milpitas | $1.2M | $1.3M | +4.8% |
Union City | $1.2M | $1.2M | +2.8% |
Housing Supply in Fremont, CA
How many homes are available in Fremont, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
319 | 379 | +18.8% |
Summary: The Fremont real estate market had 379 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 68 | 82 | +20.6% |
3 Bedrooms | 131 | 161 | +22.9% |
4 Bedrooms | 84 | 99 | +17.9% |
5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Fremont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 136 | +9.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
101 Homes Were Sold
Over Asking
Summary: A total of 136 homes were sold or pending in Fremont in May 2024, up by 9.7% month-over-month. Of the 132 sold homes, 16% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Fremont, CA
How long does it take to sell a home in Fremont, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -29.9% |
Summary: Homes in Fremont had an average of 12 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 136 homes were sold in Fremont; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.