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Castro Valley Real Estate Prices And Market Stats

  • 79 Total For Sale
  • 13 New Listings
  • 1 Back On Market
  • 4 Price Change

There are currently 79 properties for sale and Castro Valley real estate prices are between $375,000 and $3,400,000. The median price for homes that are currently for sale is $889,000. Homes are selling for about $525 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$889,000

$375,000
Lowest Priced

$3,400,000
Highest Priced

Avg Price/SQFT

$525

$0
Lowest

$1,164
Highest

Avg DOM

34

Castro-Valley Residential Real Estate Analysis

August 2019 VS. August 2018

Detached Homes

Unit Sales

50 Sales 9% (46)

Median Sales Price

$873,500 -2% ($889,000)

Avg $/sqft

$531 2% ($519)

Average Days On Market

17 -17% (21)

Selling/listing Price

101% -1% (102%)

Condos

Unit Sales

Sales -100% (4)

Median Sales Price

$0 -100% ($532,500)

Avg $/sqft

$0 -100% ($492)

Average Days On Market

0 -100% (20)

Selling/listing Price

0% -100% (108%)

Townhomes

Unit Sales

6 Sales 200% (2)

Median Sales Price

$724,500 9% ($667,500)

Avg $/sqft

$504 13% ($447)

Average Days On Market

17 14% (15)

Selling/listing Price

101% -3% (104%)

Castro-Valley Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Castro-Valley based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Castro-Valley over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

11.33 sold/week

total Currently for sale

61

Absorption Rate

5.38 weeks

Condos

Sales per Week

0.42 sold/week

total Currently for sale

9

Absorption Rate

21.60 weeks

Townhomes

Sales per Week

1.25 sold/week

total Currently for sale

8

Absorption Rate

6.40 weeks

All

Sales per Week

13.08 sold/week

total Currently for sale

79

Absorption Rate

6.04 weeks

Castro-Valley Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 1 month price trend where property prices have decreased 0%

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,229,000 2,871 16 1987 0 39 Most Expensive 25% of properties
Upper/Second $927,500 1,993 10 1968 0 38 Upper-middle 25% of properties
Lower/Third $800,000 1,497 11 1966 0 39 Lower-middle 25% of properties
Bottom/Fourth $650,000 1,149 14 1963 0 38 Least expensive 25% of properties

Castro-Valley Price Per Square Foot Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Castro-Valley Home SQFT Price Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Castro-Valley, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Castro-Valley. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM Avg Year Built
Largest 25% sqft (39) 2,310 - 5,191 $426 $1,210,000 15 1988
Upper-middle 25% sqft (38) 1,700 - 2,297 $480 $922,500 13 1970
Lower-middle 25% sqft (39) 1,249 - 1,700 $530 $790,000 9 1968
Smallest 25% sqft (38) 773 - 1,242 $638 $661,608 13 1958

Castro-Valley Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Aug/2019 $849,500 12 $528 101.59%
Jul/2019 $849,950 13 $517 102.46%
Jun/2019 $799,900 12 $506 101.89%
May/2019 $799,000 10 $519 103.16%
Apr/2019 $847,500 12 $509 101.52%
Mar/2019 $778,000 10 $522 101.91%
Feb/2019 $899,000 12 $497 101.73%
Jan/2019 $799,000 16 $495 101.40%
Dec/2018 $799,900 25 $491 99.69%
Nov/2018 $870,000 18 $490 100.92%
Oct/2018 $749,444 15 $535 101.44%
Sep/2018 $799,995 11 $515 102.83%
Aug/2018 $794,000 14 $514 103.54%

Complete Residential Inventory

Below is all the properties currently for sale in Castro-Valley, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 1 $375,000 $375,000 943 $397 $398
2 6 $489,950 $507,817 1,105 $485 $471
3 1 $814,800 $814,800 2,147 $379 $380
4 1 $827,480 $827,480 1,966 $420 $421
all 9 $510,000 $562,687 1,298 $420 $447

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
0 1 $3,400,000 $3,400,000 0 $0 $0
1 2 $1,061,000 $1,061,000 1,142 $976 $976
2 8 $599,450 $697,738 1,034 $652 $682
3 23 $850,000 $939,929 1,728 $539 $576
4 19 $1,148,888 $1,166,257 2,493 $471 $473
5 7 $1,259,000 $1,341,733 3,070 $455 $436
6 1 $1,200,000 $1,200,000 3,371 $355 $356
all 61 $999,999 $1,073,332 2,009 $507 $542

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $699,888 $699,888 1,350 $518 $518
all 1 $699,888 $699,888 1,350 $518 $518

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 4 $577,000 $588,000 1,233 $476 $477
3 2 $819,135 $819,135 1,543 $531 $531
4 2 $879,000 $879,000 1,881 $467 $467
all 8 $734,000 $718,534 1,472 $501 $488