September Market Update: Bay Area

bird's eye view of pier

Key takeaways for the month

September data shows that the Bay Area market is still very active with the exception of condo sales in San Francisco. 

  • In San Francisco, the number of properties listed fell for both single family homes and condos. September was the first month since the steep climb in April that the number of condos listed didn’t increase, but that’s likely a consequence of the much larger than usual number listed in previous months. Taking the year as a whole, we still see far more condos having been listed in 2020 compared to 2019.
  • The East Bay experienced increased competition for single family homes, with median sale price and list price increasing, while the same metric for San Francisco and the South Bay are roughly flat. 
  • Both the East Bay and the South Bay saw the number of properties listed rise, indicating that this year’s peak season is stretching out (as this is typical peak behavior) and the market is not yet slowing down.

Competition snapshot

Our Research Team looked into sales in the hottest zip codes in a select area for a snapshot of local competition.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


San Francisco includes data for the city of San Francisco.

East Bay includes data for Oakland and Berkeley.

South Bay includes data for San Jose, Santa Clara, and Sunnyvale.


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