Market Report: More Record-Breaking Sales Prices in August

Market Report: More Record-Breaking Sales Prices in August

This 5-bedroom Concord home at 850 Ridge Dr. was listed at $2.3M and found a buyer just five days after hitting the market. Listed by Abio agent Julie Sullivan.

Is the East Bay market back to “normal”? 

The Wall Street Journal reported recently that the housing downturn may soon be over nationally. And we’re already seeing strong evidence of that locally.

East Bay home sales, which took a hard hit when interest rates began rising about a year ago, have leveled up and even broken records, according to our review of summer sales data. 

We previously told you about some record-breaking sales in July. Now, check out the cities that scored all-time high median sales prices for detached single-family homes in August:

(The following numbers represent year-over-year median sales prices for August)

Alamo

  • 2023  $2,450,000
  • 2022  $2,220,000
  • 2021  $2,410,000  
  • 2020  $1,875,000

Danville  

  • 2023  $2,010,000
  • 2022  $ 2,000,000 
  • 2021  $1,875,000 
  • 2020  $1,492,500 

Albany  

  • 2023  $1,676,500
  • 2022  $1,525,000
  • 2021  $1,605,000 
  • 2020  $1,185,000

Pleasant Hill  

  • 2023  $1,340,000
  • 2022  $1,140,000
  • 2021  $1,032,500
  • 2020 $903,000

Clayton  

  • 2023  $1,120,000
  • 2022  $1,024,950
  • 2021  $990,000
  • 2020  $980,000

Martinez  

  • 2023  $872,500
  • 2022  $760,000
  • 2021  $810,000  
  • 2020  $747,500

Concord  

  • 2023  $818,000
  • 2022  $801,000
  • 2021  $800,600 
  • 2020  $720,000 

El Sobrante  

  • 2023  $740,000
  • 2022  $677,500
  • 2021  $737,500
  • 2020  $667,500

The main factor behind the recovery is scarcity. With historically low inventory, our East Bay market doesn’t have enough homes for sale to satiate the masses of hungry buyers. Scarcity leads us right back to bidding wars and speedy sales. 

209 Northpark Ct Martinez
This 3-bedroom home in Martinez was listed for $839,000 and found a buyer in less than a week. Listed by Linnette Edwards of Abio.

Curious about August home sales in other East Bay cities? Look no further

The following graphs refer to detached single-family homes. Sources: Bay East Association of Realtors and Contra Costa Association of Realtors.

Alameda Home Sales August 2023
Alamo Home Sales August 2023
Albany Home Sales August 2023
Berkeley Home Sales August 2023
Castro Valley Home Sales August 2023
Clayton Home Sales August 2023
Concord Home Sales August 2023
Danville Home Sales August 2023
El Cerrito Home Sales August 2023
El Sobrante Home Sales August 2023
Hayward Home Sales August 2023
Lafayette Home Sales August 2023
Martinez Home Sales August 2023
Moraga Home Sales August 2023
Oakland Home Sales August 2023
Orinda Home Sales August 2023
Pleasant Hill Home Sales August 2023
Richmond Home Sales August 2023
San Leandro Home Sales August 2023
Walnut Creek Home Sales August 2023

Don’t see your city of interest here? Get in touch, and we’ll dig up those numbers for you. 888-400-ABIO (2246) or [email protected].