How is the real estate market performing in May 2024? The KathyWangHomes team has selected five cities from the East Bay, Tri-Valley, South Bay, and Peninsula regions, namely Walnut Creek, Livermore, Mountain View, Los Gatos and San Mateo. We will provide detailed transaction data analysis from different zip code areas for you.

First, let's delve into the Silicon Valley city of Mountain View. This city comprises four zip code areas: 94040, 94041 and 94043. We'll examine each of the three areas for you.

In the 94040 area of Mountain View, in May 2024, a total of 16 single-family homes were sold. The median sale price was $3 million, with an average sale price to list price of 109%. Single-family homes in this area stayed on the market for an average of 8 days. Additionally, there were 3 townhouse sold in this area, with a median home price of $1.35million, and an average sale price to list price of 112%. Townhouses in this area stayed on the market for an average of 10 days.

In the 94041 area of Mountain View, in May 2024, a total of 5 single-family homes were sold. The median sale price was $2.66 million, with an average sale price to list price of 111%. Single-family homes in this area stayed on the market for an average of 9 days.

sold. The median sale price was $2.36 million, with an average sale price to list price of 105%. Single-family homes in this area stayed on the market for an average of 12 days. Additionally, there were 17 townhouse sold in this area, with a median home price of $1.55million, and an average sale price to list price of 107%. 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 Walnut Creek（94595,94596,94597,94598）, tri-valley city of Livermore（94550, 94551）, south bay city of Los Gatos（95030, 95032） , and the Peninsula city of San Mateo（94401, 94402, 94403） in May 2024.

In the 94595 area of Walnut Creek, in May 2024, a total of 11 single-family homes were sold. The median sale price was $1.79 million, with an average sale price to list price of 110%. Single-family homes in this area stayed on the market for an average of 9 days.

In the 94596 area of Walnut Creek, in May 2024, a total of 12 single-family homes were sold. The median sale price was $1.78 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 12 days. Additionally, there were 1 townhouse sold in this area, with a home price of $0.93 million, and an average sale price to list price of 98%. Townhouses in this area stayed on the market for an average of 19 days.

In the 94597 area of Walnut Creek, in May 2024, a total of 12 single-family homes were sold. The median sale price was $1.2 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 20 days. Additionally, there were 6 townhouse sold in this area, with a median home price of $1.04 million, and an average sale price to list price of 104%. Townhouses in this area stayed on the market for an average of 13 days.

In the 94598 area of Walnut Creek, in May 2024, a total of 14 single-family homes were sold. The median sale price was $1.74 million, with an average sale price to list price of 105%. Single-family homes in this area stayed on the market for an average of 20 days. Additionally, there were 3 townhouse sold in this area, with a median home price of $0.91 million, and an average sale price to list price of 107%. Townhouses in this area stayed on the market for an average of 9 days.

  

  

In the 94550 area of Livermore, in May 2024, a total of 44 single-family homes were sold. The median sale price was $1.38 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 13 days. Additionally, there were 1 townhouse sold in this area, with a home price of $0.68 million. Townhouses in this area stayed on the market for an average of 6 days.

In the 94551 area of Livermore, in May 2024, a total of 29 single-family homes were sold. The median sale price was $1.17 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 7 townhouse sold in this area, with a median home price of $0.72 million, and an average sale price to list price of 101%. Townhouses in this area stayed on the market for an average of 18 days.

  

In the 94401 area of San Mateo, in May 2024, a total of 8 single-family homes were sold. The median sale price was $1.53 million, with an average sale price to list price of 12%. Single-family homes in this area stayed on the market for an average of 9 days.

In the 94402 area of San Mateo, in May 2024, a total of 24 single-family homes were sold. The median sale price was $3.01 million, with an average sale price to list price of 110%. 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 $1.65 million, and an average sale price to list price of 101%. Townhouses in this area stayed on the market for an average of 26 days.

In the 94403 area of San Mateo, in May 2024, a total of 24 single-family homes were sold. The median sale price was $2.23 million, with an average sale price to list price of 110%. Single-family homes in this area stayed on the market for an average of 9 days. Additionally, there were 5 townhouse sold in this area, with a median home price of $1.68 million, and an average sale price to list price of 106%. Townhouses in this area stayed on the market for an average of 10 days.

  

 

In the 95030 area of Los Gatos, in May 2024, a total of 17 single-family homes were sold. The median sale price was $4.38 million, with an average sale price to list price of 101%. Single-family homes in this area stayed on the market for an average of 19 days. Additionally, there were 3 townhouse sold in this area, with a median home price of $1.63 million, and an average sale price to list price of 96%. Townhouses in this area stayed on the market for an average of 39 days.

In the 95032 area of Los Gatos, in May 2024, a total of 22 single-family homes were sold. The median sale price was $3.13 million, with an average sale price to list price of 108%. Single-family homes in this area stayed on the market for an average of 8 days. Additionally, there were 9 townhouse sold in this area, with a median home price of $1.71 million, and an average sale price to list price of 106%. Townhouses in this area stayed on the market for an average of 13 days.

  

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