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Castro Valley Real Estate Prices And Market Stats

  • 54 Total For Sale
  • 16 New Listings
  • 2 Back On Market
  • 2 Price Change

There are currently 54 properties for sale and Castro Valley real estate prices are between $498,800 and $3,400,000. The median price for homes that are currently for sale is $933,944. Homes are selling for about $502 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

$933,944

$498,800
Lowest Priced

$3,400,000
Highest Priced

Avg Price/SQFT

$502

$0
Lowest

$1,087
Highest

Avg DOM

16

Castro-Valley Residential Real Estate Analysis

April 2019 VS. April 2018

Detached Homes

Unit Sales

39 Sales 39% (28)

Median Sales Price

$915,000 -1% ($927,500)

Avg $/sqft

$520 -2% ($531)

Average Days On Market

24 30% (18)

Selling/listing Price

101% -6% (107%)

Condos

Unit Sales

3 Sales 200% (1)

Median Sales Price

$605,000 27% ($475,000)

Avg $/sqft

$476 -8% ($517)

Average Days On Market

8 14% (7)

Selling/listing Price

100% -3% (103%)

Townhomes

Unit Sales

5 Sales 400% (1)

Median Sales Price

$710,000 25% ($570,000)

Avg $/sqft

$449 13% ($396)

Average Days On Market

19 166% (7)

Selling/listing Price

102% -2% (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

8.92 sold/week

total Currently for sale

43

Absorption Rate

4.82 weeks

Condos

Sales per Week

0.75 sold/week

total Currently for sale

6

Absorption Rate

8.00 weeks

Townhomes

Sales per Week

1.08 sold/week

total Currently for sale

5

Absorption Rate

4.62 weeks

All

Sales per Week

10.83 sold/week

total Currently for sale

54

Absorption Rate

4.98 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 $1,192,500 2,664 16 1987 0 32 Most Expensive 25% of properties
Upper/Second $921,500 1,977 9 1969 0 32 Upper-middle 25% of properties
Lower/Third $776,500 1,450 12 1959 0 32 Lower-middle 25% of properties
Bottom/Fourth $610,000 1,123 9 1965 0 32 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 (32) 2,280 - 3,710 $428 $1,180,500 16 1987
Upper-middle 25% sqft (32) 1,648 - 2,280 $488 $932,500 13 1971
Lower-middle 25% sqft (32) 1,272 - 1,644 $526 $776,500 10 1959
Smallest 25% sqft (32) 726 - 1,258 $600 $625,000 10 1962

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
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%
Jul/2018 $799,925 11 $537 106.41%
Jun/2018 $883,944 12 $522 105.42%
May/2018 $799,000 9 $532 106.43%
Apr/2018 $825,000 9 $526 106.47%

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
2 5 $505,000 $511,560 1,024 $542 $507
3 1 $550,000 $550,000 1,548 $355 $355
all 6 $505,000 $517,967 1,112 $507 $482

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
2 3 $735,000 $699,667 1,127 $592 $636
3 19 $879,888 $978,216 1,843 $515 $548
4 15 $1,199,000 $1,238,435 2,698 $446 $466
5 4 $1,399,500 $1,396,500 2,908 $480 $480
6 1 $2,249,000 $2,249,000 5,191 $433 $433
all 43 $989,000 $1,174,340 2,225 $480 $504

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $669,000 $669,000 1,279 $523 $523
3 3 $846,565 $835,010 1,650 $513 $506
all 5 $803,790 $768,606 1,502 $513 $513