Bay Area Market Snapshot: February 2025

February 2025 (Updated Feb 11)

Past Editions

SF Bay Area Market Snapshot title banner over the Golden Gate Bridge at dusk

Did you know February was added as the last month of the Roman calendar in 713 BC? The calendar was previously only 10 months long because winter was considered a "dormant, month-less period". Seems fitting even in today's times as the real estate market is showing signs of life after a slower period.

While the data showed that market activity (specifically # of sales) was generally down from last month's newsletter, we are seeing local activity starting to increase with open houses and offer situations. Historically the early to mid February timeframe is when the market starts to pick up steam, we are expecting this to be the case again for 2025.

All the best,

Josh Uy

Table of detached single-family home sales by city in the East Bay and South Bay over the last 3 months: average sold price, percent over asking, price per square foot, and number of sales

Bar chart of the average sold price of detached homes by city in the East Bay and South Bay over the last 3 months

Table of detached single-family home sales by city in San Francisco and the Peninsula over the last 3 months: average sold price, percent over asking, price per square foot, and number of sales

Bar chart of the average sold price of detached homes by city in San Francisco and the Peninsula over the last 3 months

Table of the average home size and average lot size, in square feet, of detached single-family homes sold by city in the East Bay and South Bay over the last 6 months

Table of the average home size and average lot size, in square feet, of detached single-family homes sold by city in San Francisco and the Peninsula over the last 6 months

Table of condo and townhome sales by county over the last 3 months, for 2-bedroom and 3-bedroom units: average sold price, percent over asking, and price per square foot

Table of large home sales by county (4+ bedrooms, 4+ bathrooms, 4,000+ square feet) over the last 3 months: average sold price, percent over asking, average square feet, average lot size, price per square foot, average year built, and number of sales

For more information on how these trends might affect your home values and/or the timing of your real estate moves, please feel free to contact me anytime. You can also visit my website (www.JoshUy.com) which has additional resources for home buyers and home sellers. Sales data was provided by the Bayeast MLS Association, collected through 2/10/25. Data deemed reliable but not guaranteed and is subject to revision.

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Contact Josh Uy, REALTOR, DRE #01952401. Phone 510.449.7280. Email Josh@EverhomeRE.com. Website and QR code both link to www.JoshUy.com. Buying, selling, new homes, and investments.