How is the real estate market performing in March 2024? The KathyWangHomes team has selected five cities from the East Bay, Tri-Valley, South Bay, and Peninsula regions, namely Castro Valley, Alamo, Palo Alto, Saratoga, and Burlingame. We will provide detailed transaction data analysis from different zip code areas for you.

First, let's start with Palo Alto in the Silicon Valley, which includes five postal code areas: 94301, 94303, 94304, 94305, and 94306. There were no transactions in the area of 94304, and We will analyze the other four areas one by one for you:

In the 94301 area of Palo Alto, in March 2024, a total of 9 single-family homes were sold. The median sale price was $4.3 million, with an average sale price to list price of 102%. Single-family homes in this area stayed on the market for an average of 15 days. There were no townhouse transactions in this area for the month.

In the 94303 Palo Alto, in March 2024, a total of 19 single-family homes were sold. The median sale price was $3.4 million, with an average sale price to list price of 113%. Single-family homes in this area stayed on the market for an average of 17 days. Additionally, there were 1 townhouse sold in this area, with a home price of $1.8million, and an average sale price to list price of 108%. Townhouses in this area stayed on the market for an average of 20 days.

In the 94305 area of Palo Alto, in March 2024, a total of 3 single-family homes were sold. The median sale price was $2.9 million, with an average sale price to list price of 103%. Single-family homes in this area stayed on the market for an average of 17 days. There were no townhouse transactions in this area for the month.

In the 94306 Palo Alto, in March 2024, a total of 9 single-family homes were sold. The median sale price was $3 million, with an average sale price to list price of 112%. Single-family homes in this area stayed on the market for an average of 7 days. Additionally, there were 1 townhouse sold in this area, with a home price of $1.8million, and an average sale price to list price of 106%. Townhouses in this area stayed on the market for an average of 13 days.

  

 

Now, let's take a look at the transaction trends in the East Bay city of Castro Valley（94546, 94552）, tri-valley city of Alamo（94507）, south bay city of Saratoga（95070） , and the Peninsula city of Burlingame（94010） in March 2024.

In the 94507 area of Alamo, in March 2024, a total of 10 single-family homes were sold. The median sale price was $3 million, with an average sale price to list price of 100%. Single-family homes in this area stayed on the market for an average of 24 days. There were no townhouse transactions in this area for the month.

In Castro Valley (94546) in March 2024, there were a total of 11 single-family home transactions. The median home price was $1.08million, with an average sale price to list price ratio of 104%. Single-family homes in this area stayed on the market for an average of 15 days. Additionally, there were 1 townhouse transactions in this area, with a median home price of $0.68 million, and an average sale price to list price ratio of 105%. Townhouses in this area stayed on the market for an average of 5 days.

In Castro Valley (94552) in March 2024, there were a total of 6 single-family home transactions. The median home price was $1.68 million, with an average sale price to list price ratio of 103%. Single-family homes in this area stayed on the market for an average of 17 days. Additionally, there were 3 townhouse transactions in this area, with a median home price of $1.2 million, and an average sale price to list price ratio of 104%. Townhouses in this area stayed on the market for an average of 10 days.

 

In the 94010 area of Burlingame, in March 2024, a total of 22 single-family homes were sold. The median sale price was $3.5 million, with an average sale price to list price of 104%. Single-family homes in this area stayed on the market for an average of 22 days. There were no townhouse transactions in this area for the month.

In Saratoga (95070) in March 2024, there were a total of 24 single-family home transactions. The median home price was $4.1 million, with an average sale price to list price ratio of 105%. Single-family homes in this area stayed on the market for an average of 14 days. Additionally, there were 1 townhouse transactions in this area, with a median home price of $2 million, and an average sale price to list price ratio of 101%. Townhouses in this area stayed on the market for an average of 33 days.

The above analysis provides a detailed overview of the real estate market trends in several cities in the Silicon Valley region for March 2024, as analyzed by the KathyWangHomes team. If you would like to learn more about the real estate market in additional cities or areas in the San Francisco Bay Area, please feel free to contact us.