A dining room with a wooden table, orange chairs, and a chandelier, leading to a blue kitchen and a living room.

What Happened to East Bay Real Estate in 2024?

Sharon Alva August 26, 2025

East Bay Market Wrap-up 2024, over an aerial view of a city waterfront.
 
The year ended with inventory plummeting even lower than it was in 2023. The low inventory and the rising interest rates left buyers with very little to bid on. Despite the high interest rates, prices stayed high and even rose in some places. In the city of Alameda, we saw a 35.5% drop in sales volume, but pricing for single-family homes went up by 9% and went up by 3.2% for condos and townhouses. In Oakland, the median prices dipped by more than 8% for houses and 2.6% for condos. Berkeley, usually the all-star in the inner East Bay, experienced a softening of the median sales price of 2.8% and 6.6% for condos and townhouses.
 
2023–2024 East Bay single-family home sales and median price statistics for Alameda, Oakland, and Berkeley.
 
Condo and townhouse market comparison for Alameda, Oakland, and Berkeley in 2023 and 2024.
 
If you have any questions or want to talk about how this could affect your home buying or selling, just give me a call (415) 572-8759 #EastBayDigs #EastBayRealEstate #Compass #MarketUpdate

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Sharon Alva | CA DRE# 01755862

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1410 Park Ave
Alameda CA 94501