Alameda, CA Real Estate Market

With only 151 active listings and a median of 14 days on market, sellers are operating in a low-inventory environment that supports confident pricing. A median asking price of $1,198,000 for single-family homes and a price per square foot of $702.64 reflect strong current market positioning for homeowners considering a listing.

Buyers in Alameda should be prepared to move decisively, as the median days on market is just 14 and the competition score stands at 88 out of 100. With a median asking price of $1,198,000 for single-family homes and a 30-year mortgage rate of 6.37%, budgeting carefully and getting pre-approved before touring will be essential steps in this fast-moving market.

The median asking price for a 3-bedroom home is $1,198,000 while the median rent for a 3-bedroom unit is $4,000 per month, providing a starting point for evaluating potential cash flow scenarios in this market. With 213 rental units currently available and a median rent of $2,495 across all unit types, investors should analyze holding costs closely given the current 30-year rate of 6.37% before committing to an acquisition.

The 30-year fixed mortgage rate currently stands at 6.37% and the 15-year fixed rate is at 5.72%, meaningfully impacting monthly payment calculations on Alameda's median asking price of $1,198,000. Buyers who can qualify for the 15-year term would benefit from a 65 basis point rate reduction, though the higher monthly payments that come with a shorter amortization schedule require careful financial planning.