May 2025 - East Bay Market Insights

East Bay Market Insights | The Local Lowdown

At a Glance

• Median sale prices fell across much of the East Bay in April.

• Inventory surged by roughly 43% year-over-year.

• Homes are taking a bit longer to sell but still move relatively quickly.

Price Adjustments Across the East Bay
April brought noticeable price drops, especially condos in Contra Costa County, which saw a 12% median price decline. Alameda County saw a 3% condo price dip, while single-family homes dropped 3.21% and 4.31% in Alameda and Contra Costa, respectively.

Inventory Reaches a Two-Year High
New single-family home listings rose 7.47%, but sales fell 12.21%, pushing active inventory up 43.69%. Condos followed a similar trend, with inventory climbing over 40% year-over-year due to fewer sales outpacing new listings.

Homes Are Selling Fast—Just Not as Fast as Before
Despite more homes on the market, the average single-family home sells within 13 days. Condos take a bit longer, with average market times of 19 days in Alameda and 26 days in Contra Costa counties.

Market Balance: A Shift in Progress
With 2.2 months of supply in Alameda and 2.5 in Contra Costa, single-family homes still favor sellers but are edging closer to balance. Condos have more inventory, with 4.7 months supply in Alameda and 3.9 in Contra Costa, making it a buyer’s market.

The Bottom Line
East Bay’s housing market is seeing a shift with price adjustments and growing inventory, but homes are still selling briskly. Sellers in the single-family home segment still hold some advantage, while condo buyers have more negotiating room. Strategic local advice is essential in this changing environment.