Bay Area Real Estate Market Update: Single-Family Homes (May - June 2025)

As of August 13, 2025, the most recent comprehensive county-level data for single-family home sales from the California Association of Realtors (C.A.R.) covers up to June 2025.

July 2025 data has not yet been released in their monthly report, so this update focuses on May and June trends, with year-over-year (YoY) comparisons for context where available.

Overall, the Bay Area market showed mixed signals: median prices remained high but softened slightly month-to-month in June across most counties, while sales volumes varied with some increases in buyer activity amid rising inventory levels.

Inventory (measured as months of supply) is gradually increasing, indicating a shift toward a more balanced market, though it remains a seller's market in many areas (under 3 months' supply).

Days on market also edged up, suggesting homes are taking a bit longer to sell.

Data is for existing single-family homes only and is not seasonally adjusted.

Median Sale Prices | County | May 2025 | June 2025 | MoM % Change (May to June) | YoY % Change (June 2024 to June 2025)

| Marin | $1,885,000 | $1,650,000 | -12.5% | -8.3% |

| San Francisco | $1,801,000 | $1,705,000 | -5.3% | +3.3% |

| San Mateo | $2,200,000 | $2,150,000 | -2.3% | +1.9% |

| Santa Clara | $2,171,125 | $2,107,500 | -2.9% | +7.8% |

| Contra Costa | $924,950 | $940,000 | +1.6% | +4.1% |

| Alameda | $1,365,000 | $1,321,000 | -3.2% | -3.5% |

Key Insights: Prices dipped MoM in most counties in June, with Marin seeing the largest decline, possibly due to seasonal slowdowns or increased inventory.

Santa Clara and Contra Costa bucked the trend with YoY gains, reflecting strong demand in tech-heavy areas.

Sales Volume Changes | County | MoM % Change in Sales (May to June 2025) | YoY % Change in Sales (June 2024 to June 2025)

| Marin | -10.0% | +7.8% |

| San Francisco | +1.4% | +12.2% |

| San Mateo | -3.7% | +3.3% |

| Santa Clara | +7.7% | +2.1% |

| Contra Costa | -5.7% | -8.5% |

| Alameda | +4.9% | +3.6% |

Key Insights: Sales were uneven MoM, with gains in Santa Clara and Alameda but declines elsewhere. YoY, most counties saw modest increases, indicating gradual recovery from 2024 lows.

Inventory (Unsold Inventory Index - Months of Supply) | County | May 2025 | June 2025 | Change (May to June)

|Marin | 2.9 | 2.7 | -0.2 |

| San Francisco | 2.0 | 1.6 | -0.4 |

| San Mateo | 2.1 | 2.0 | -0.1 |

| Santa Clara | 2.1 | 1.8 | -0.3 |

| Contra Costa | 3.1 | 3.2 | +0.1 |

| Alameda | 2.7 | 2.4 | -0.3 |

Key Insights: Inventory tightened slightly in June for most counties but remains higher YoY (e.g., Alameda up from 1.8 in June 2024), providing more options for buyers.

Median Days on Market | County | May 2025 | June 2025 | Change (May to June)

| Marin | 39.5 | 49.0 | +9.5 |

| San Francisco | 29.5 | 33.0 | +3.5 |

| San Mateo | 11.0 | 12.0 | +1.0 |

| Santa Clara | 9.0 | 10.5 | +1.5 |

| Contra Costa | 14.0 | 17.0 | +3.0 |

| Alameda | 13.0 | 15.0 | +2.0 |

Key Insights: Homes are lingering longer on the market, with Marin showing the most significant slowdown, potentially due to higher prices deterring buyers.

This data suggests a cooling but resilient market, with high prices persisting amid economic factors like steady interest rates.

For July, scattered reports indicate continued price stability and rising inventory, but full details are pending.

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