Bay Area Market Snapshot: July 2025

July 2025 (Updated July 11)

Past Editions

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

Friendly reminder that today is the last day to snag some deals with Amazon's Prime Day event! Speaking of great deals, there was one key provision that was signed last week under President Trump's One Big Beautiful Bill Act that was encouraging for real estate - a raising of the state & local taxes (SALT) deduction cap from $10K to now $40K, applicable for individuals & married couples with annual incomes under $500,000. This is especially attractive for prospective homebuyers & existing homeowners living in higher cost states, such as our beautiful California.

While Atherton is firmly positioned as having the Bay Area's highest average sales price, it also had the largest price increase month over month at +10.9%. Also increasing on the SF & Peninsula side was Foster City at +4.2%, while Eastbay & Southbay were led by Milpitas with +4.7% and Morgan Hill at +2.5%. On the downside, the biggest decliners were Los Altos Hills at -7.6% and San Francisco at -6.4%, along with Dublin -7% and Cupertino -4.2%. In comparison to last month's figures, number of sales for detached single family homes dipped 2.7% on the SF & Peninsula side, while being essentially the same at -0.2% in the Eastbay & Southbay.

Similar to last month, we saw some bigger swings for condo & townhomes, as our 3 month average figures were either seeing jumps in price or bigger drops. For the 2 bedroom side, the biggest decliner was Marin County at -3.6%, while Napa County had the largest increase at +6.3%. Interestingly, the cities are flipped for the 3 bedroom stats, as Marin County was the largest increase at +2.2% and Napa County had the largest decline at -9.6%!

In the large homes market, Marin County had another strong month with a 12.1% gain, with the average home now selling for $6.54M (up 31% since April). Alameda County also did well with a 10.5% gain, with the typical home now selling for $4.06M (up 25% since May). On the decliner side, SF County at -16% and Sonoma County -13% led the way (both falling over 20% since May). Number of sales dipped 1.6% from last month's figures.

Feel free to reach out if you have any questions, I'd be more than happy to do a thorough / personalized analysis beyond this data. You can also check out my website for more resources & guides (www.joshuy.com).

Talk soon,

Josh

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, number of sales, and price change versus last month

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

Bar chart of the average sold price per square foot 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, number of sales, and price change versus last month

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

Bar chart of the average sold price per square foot 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, price per square foot, and price change versus last month

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, number of sales, and price change versus last month

For more information on how these trends might affect your home values and/or the timing of your real estate moves, please reach out anytime. Note if your city is not listed here, a personalized analysis can be created upon request. You can also visit my website (www.JoshUy.com) which has additional resources for home buyers and home sellers. This sales data was provided by the Bayeast MLS Association and collected through 7/10/25. 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.