Alameda County 2022 Real Estate Market Trends

Sales Prices Up, Sales Down in 2022

The average sales price for single-family, re-sale homes peaked at $1,632,200 in May. The median sales price also peaked in May at $1,521,000. The average sales price was up 7.6% compared to 2021. The median price was up 6.4%.

Sales of single-family, re-sale homes were down 31.8% from the year before. There were 7,843 homes sold in Alameda County in 2020.

It only took 19 days, on average to sell a home last year.

After peaking at 120.8% in April, the sales price to list price ratio, or what buyers paid divided by what sellers were asking, ended the year at 101.1%.

Condo statistics show similar trends.

The sales price to list price ratio peaked in April at 110.6%. It closed the year at 99.6%.

The median sales price for re-sale condominiums peaked at $829,500 in May. It ended the year at $730,000, for a gain of 5.3% compared to 2021. The average price peaked in May at $730,446. It ended the year at $872,782, up 7.6 for the year%.

Condo sales were down 33.1% from 2021.

It took 21 days, on average to sell a home last year.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis.

Alameda County
(Single Family Homes)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
2010 $497,176 $429,900 10,302 43 99.5%      
2011 $476,143 $403,000 9,915 52 98.4% -4.2% -6.3% -3.8%
2012 $502,752 $430,000 11,702 43 101.0% 5.6% 6.7% 18.0%
2013 $663,111 $598,000 9,624 24 104.7% 31.9% 39.1% -17.8%
2014 $752,378 $665,000 9,331 25 104.8% 13.5% 11.2% -3.0%
2015 $820,168 $730,000 10,205 23 106.1% 9.0% 9.8% 9.4%
2016 $874,790 $780,000 9,642 23 105.7% 6.7% 6.8% -5.5%
2017 $945,773 $850,065 10,304 23 106.3% 8.1% 9.0% 6.9%
2018 $1,028,915 $929,000 10,155 21 107.2% 8.8% 9.3% -1.4%
2019 $1,027,313 $912,000 9,951 26 104.8% -0.2% -1.8% -2.0%
2020 $1,124,012 $1,012,000 9,955 21 105.4% 9.4% 11.0% 0.0%
2021 $1,341,519 $1,250,000 11,498 15 113.4% 19.4% 23.5% 15.5%
2022 $1,442,921 $1,330,000 7,843 19 111.9% 7.6% 6.4% -31.8%

Alameda County
(Condominiums)
  Prices Other Percent Change
Average Median Sold DOM SP/LP Average Median Sold
2010 $278,937 $255,000 2,908 51 99.1%      
2011 $249,191 $225,000 3,087 62 98.0% -10.7% -11.8% 6.2%
2012 $270,385 $240,000 3,479 50 100.7% 8.5% 6.7% 12.7%
2013 $392,118 $375,000 2,872 23 104.2% 45.0% 56.3% -17.4%
2014 $456,278 $431,000 3,075 25 102.8% 16.4% 14.9% 7.1%
2015 $504,885 $480,000 3,452 21 105.6% 10.7% 11.4% 12.3%
2016 $552,755 $535,000 3,225 21 104.3% 9.5% 11.5% -6.6%
2017 $600,862 $580,000 3,451 20 104.6% 8.7% 8.4% 7.0%
2018 $668,132 $650,000 3,218 20 105.5% 11.2% 12.1% -6.8%
2019 $651,765 $625,000 3,183 30 102.1% -2.4% -3.8% -1.1%
2020 $684,687 $662,000 2,948 28 101.8% 5.1% 5.9% -7.4%
2021 $743,958 $712,000 4,365 21 105.6% 8.7% 7.6% 48.1%
2022 $800,780 $750,000 2,922 23 105.5% 7.6% 5.3% -33.1%

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DEFINITIONS

Median Price
Median Price is the price at which 50% of properties sold were above that price and 50% were below.
Average Price
Average Price is the sum of all prices divided by the number of sales.
DOM
Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
SP/LP
The average selling price divided by the average list price.