Bay Area Market Snapshot: March 2026

March 2026 (Updated Mar 12)

Past Editions

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

Good morning, and an early Happy St Patrick's Day to you! While we're tracking the luck (& logic) behind the latest real estate trends, we're also holding space for a bigger hope. This season, we're wishing for a different kind of fortune: a much needed de-escalation of war and a meaningful move towards peace. We're all better off when "stability" refers to the state of the world, and not just home prices or interest rates.

The number of sales fell again for both groups, sliding 6.4% for SF & the Peninsula group, while dipping 4.6% in the Eastbay & Southbay. However, it's worth noting that during this time last year, our 3 month rolling figure for SF & Peninsula was at 527 sales (vs 553 this year), while the Eastbay & Southbay was at 1822 (vs 2051 this year). Even as sales volume dipped for the month, average sold price recorded gains in both areas: increasing 1.8% in SF & Peninsula, while climbing 3.7% in the Eastbay & Southbay. Top movers for price include: Los Gatos +11.5%, Newark +10.2%, Los Altos & Pacifica at +6.2%, while pullbacks were seen in San Ramon -2.3%, South SF -2.5%, and Hillsborough -3.2%.

In the condo & townhome segment, the 3 bedroom market once again outperformed the 2 bedroom group last month. Price for 3 bedrooms increased 2.4%, while the sold $/sq ft rose 0.6%. The 2 bedroom market moved in the opposite direction, with both price and sold $ / sq ft dipping 0.4%. For 2 bed units, San Mateo & Santa Clara were arguably the only counties having a decent month (price +1.8%, 1.4%), while 3 beds were led by SF (+11%) and San Mateo (+2.8%).

For the large homes market, the combined number of sales fell again, dipping 12.6% for our 3 month rolling period. For more context, there were 180 homes sold in the last three months, which is quite a shift from the 318 homes sold in December. Price wise, we ended the month with a modest 0.4% gain, bringing the the average "large home" sale price to $6.08M.

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 3/11/26. Data deemed reliable but not guaranteed and is subject to revision.

Visit my website!

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.