Is Fremont, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fremont has remained a Seller's Market.
Key Takeaway
Fremont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fremont, CA
How much do homes in Fremont, CA cost?
Median Sold Price
$1,450,507
$918/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fremont have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Fremont was $1,450,507 in May 2024, up 11.3% from last year, and the median price per square foot was $918.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $466.5K | $470K | +0.8% |
| 2 Bedrooms | $725.6K | $762.9K | +5.1% |
| 3 Bedrooms | $1.2M | $1.4M | +9.7% |
| 4 Bedrooms | $1.6M | $1.8M | +8.4% |
| 5+ Bedrooms | $2.3M | $2.7M | +17.6% |
Summary: Fremont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Newark | $1.1M | $1.2M | +14.7% |
| Fremont | $1.3M | $1.4M | +11.3% |
| Milpitas | $1.2M | $1.3M | +4.8% |
| Union City | $1.2M | $1.2M | +2.8% |
Housing Supply in Fremont, CA
How many homes are available in Fremont, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 319 | 379 | +18.8% |
Summary: The Fremont real estate market had 379 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 68 | 82 | +20.6% |
| 3 Bedrooms | 131 | 161 | +22.9% |
| 4 Bedrooms | 84 | 99 | +17.9% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Fremont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 124 | 136 | +9.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
101 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fremont, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 136 homes were sold or pending in Fremont in May 2024, up by 9.7% month-over-month. Of the 132 sold homes, 16% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Fremont, CA
How long does it take to sell a home in Fremont, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 12 Days | -29.9% |
Summary: Homes in Fremont had an average of 12 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fremont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 136 homes were sold in Fremont; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.