In the blink of an eye, January 2024 has quietly come to an end. So, how is the real estate market performing at the beginning of the year? The KathyWangHomes team has selected five cities from the East Bay, Tri-Valley, South Bay, and Peninsula regions, namely Newark, Dublin, Sunnyvale, Gilroy, and Foster City. We will provide detailed transaction data analysis from different zip code areas for you.

First, let's start with Sunnyvale in the silicon valley, which includes four postal code areas: 94085, 94086, 94087, and 94089. We will analyze them one by one for you:

In the 94085 area of Sunnyvale, in January 2024, a total of 2 single-family homes were sold. The median sale price was $1.79 million, with an average sale price to list price of 123%. Single-family homes in this area stayed on the market for an average of 6 days. Additionally, there were 1 townhouse sold in this area, with a home price of $1.68 million, and a sale price to list price of 106%. Townhouses in this area stayed on the market for an average of 35 days.

In the 94086 area of Sunnyvale, in January 2024, a total of 5 single-family homes were sold. The median sale price was $2.39 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 10 days. Additionally, there were 2 townhouse sold in this area, with a home price of $1.68 million, and an average sale price to list price of 99%. Townhouses in this area stayed on the market for an average of 39 days.

In the 94087 area of Sunnyvale, in January 2024, a total of 13 single-family homes were sold. The median sale price was $2.53 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 18 days. Additionally, there were 1 townhouse sold in this area, with a home price of $1.22 million, and a sale price to list price of 103%. Townhouses in this area stayed on the market for an average of 48 days.

In the 94089 area of Sunnyvale, in January 2024, a total of 2 single-family homes were sold. The median sale price was $1.43 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 14 days. Additionally, there were 1 townhouse sold in this area, with a home price of $1.4 million, and a sale price to list price of 143%. Townhouses in this area stayed on the market for an average of 55 days.

  

 

Now, let's take a look at the transaction trends in the East Bay city of Newark (94560), tri-valley city of Dublin (94568) , south bay city of Gilroy (95020) , and the Peninsula city of foster city (94404) in January 2024.

In Newark (94560) in January 2024, there were a total of 7single-family home transactions. The median home price was $1.72 million, with an average sale price to list price ratio of 102%. Single-family homes in this area stayed on the market for an average of 23 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $0.99 million, and an average sale price to list price ratio of 103%. Townhouses in this area stayed on the market for an average of 11 days.

In Dublin (94568) in January 2024, there were a total of 8 single-family home transactions. The median home price was $1.39 million, with an average sale price to list price ratio of 102%. Single-family homes in this area stayed on the market for an average of 23 days. Additionally, there were 3 townhouse transactions in this area, with a median home price of $1.17 million, and an average sale price to list price ratio of 100%. Townhouses in this area stayed on the market for an average of 20 days.

In Foster City in January 2024, there were a total of 4 single-family home transactions. The median home price was $2.28 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 30 days. Additionally, there were 2 townhouse transactions in this area, with a median home price of $1.42 million, and an average sale price to list price ratio of 107%. Townhouses in this area stayed on the market for an average of 27 days.

In Gilroy (95020) in January 2024, there were a total of 22 single-family home transactions. The median home price was $1 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 28 days. Additionally, there were 1 townhouse transactions in this area, with a median home price of $0.58 million, and an average sale price to list price ratio of 100%. Townhouses in this area stayed on the market for an average of 23 days.

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