Is Piedmont, 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, Piedmont has remained a Seller's Market.
Housing Prices in Piedmont, CA
How much do homes in Piedmont, CA cost?
Median Sold Price
$2,500,000
$1,000/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piedmont was $2,500,000 in May 2024, down 4.2% from last year, and the median price per square foot was $1,000.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | - | N/A |
2 Bedrooms | $877.5K | $1.2M | +47.9% |
3 Bedrooms | $2.0M | $2.1M | +4.4% |
4 Bedrooms | $2.9M | $2.5M | -13.7% |
5+ Bedrooms | $4.0M | $3.7M | -8.4% |
Summary: Piedmont 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 47.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
Oakland | $888.1K | $877.5K | -1.2% |
Piedmont | $2.6M | $2.5M | -4.2% |
Housing Supply in Piedmont, CA
How many homes are available in Piedmont, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 34 | -8.1% |
Summary: The Piedmont real estate market had 34 homes for sale in May 2024, a 8.1% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Piedmont 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Piedmont in May 2024, the same as the previous month. Of the 13 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Piedmont, CA
How long does it take to sell a home in Piedmont, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 14 Days | -26.3% |
Summary: Homes in Piedmont had an average of 14 days on market in May 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Piedmont; 92% 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.