How is the real estate market performing in April 2024? The KathyWangHomes team has selected five cities from the East Bay, Tri-Valley, South Bay, and Peninsula regions, namely Discovery Bay, San Ramon, Los Altos, Santa Clara and Millbrae. We will provide detailed transaction data analysis from different zip code areas for you.

First, let's delve into the Silicon Valley city of Santa Clara. This city comprises four zip code areas: 95050, 95051, 95054, and 95053. Apart from 94303, which covers Santa Clara University and won't be analyzed here, we'll examine each of the other four areas for you.

In the 95050 area of Santa Clara, in April 2024, a total of 17 single-family homes were sold. The median sale price was $1.9 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 11 days. Additionally, there were 5 townhouse sold in this area, with a home price of $1.53million, and an average sale price to list price of 108%. Townhouses in this area stayed on the market for an average of 6 days.

In the 95051 Santa Clara, in April 2024, a total of 38 single-family homes were sold. The median sale price was $2.2 million, with an average sale price to list price of 119%. Single-family homes in this area stayed on the market for an average of 8 days. Additionally, there were 4 townhouse sold in this area, with a home price of $1.39million, and an average sale price to list price of 104%. Townhouses in this area stayed on the market for an average of 28 days.

In the 95054 area of Santa Clara, in April 2024, a total of 2 single-family homes were sold. The median sale price was $2.2 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 31 days. Additionally, there were 5 townhouse sold in this area, with a home price of $1.7 million, and an average sale price to list price of 114%. Townhouses in this area stayed on the market for an average of 6 days.

  

 

Now, let's take a look at the transaction trends in the East Bay city of Discovery Bay(94505）, tri-valley city of San Ramon（94582, 94583）, south bay city of Los Altos（94022, 94024） , and the Peninsula city of Millbrae（94030） in April 2024.

In Discovery Bay (95050) in April 2024, there were a total of 19 single-family home transactions. The median home price was $0.93 million, with an average sale price to list price ratio of 99%. Single-family homes in this area stayed on the market for an average of 29 days.

In the 94582 area of San Ramon, in April 2024, a total of 25 single-family homes were sold. The median sale price was $2.17 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 10 days. Additionally, there were 4 townhouse transactions in this area, with a median home price of $1.21 million, and an average sale price to list price ratio of 100%. Townhouses in this area stayed on the market for an average of 22 days.

In the 94583 area of San Ramon, in April 2024, a total of 18 single-family homes were sold. The median sale price was $1.81 million, with an average sale price to list price of 106%. Single-family homes in this area stayed on the market for an average of 11 days. Additionally, there were 4 townhouse transactions in this area, with a median home price of $0.82 million, and an average sale price to list price ratio of 102%. Townhouses in this area stayed on the market for an average of 8 days.

  

In the 94030 area of Millbrae, in April 2024, a total of 19 single-family homes were sold. The median sale price was $2.3 million, with an average sale price to list price of 11%. Single-family homes in this area stayed on the market for an average of 12 days. There were no townhouse transactions in this area for the month.

In Los Altos 94022 in April 2024, there were a total of 9 single-family home transactions. The median home price was $4.9 million, with an average sale price to list price ratio of 101%. Single-family homes in this area stayed on the market for an average of 22 days. Additionally, there were 1 townhouse transactions in this area, with a median home price of $2.4 million, and an average sale price to list price ratio of 96%. Townhouses in this area stayed on the market for an average of 22 days.

In Los Altos 94024in April 2024, there were a total of 22 single-family home transactions. The median home price was $4.05 million, with an average sale price to list price ratio of 106%. Single-family homes in this area stayed on the market for an average of 10 days.

  

The above analysis provides a detailed overview of the real estate market trends in several cities in the Silicon Valley region for April 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.