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East Bay Market Update - August 2026

Ascend RE August 25, 2026

East Bay Market Update - August 2026

Single-family homes cooled from spring peaks but stayed ahead of last year, while condos told a more mixed story — with Alameda County posting a standout improvement in speed of sale.

Quick Take

  • Single-family prices: Eased from spring highs but still up YoY in both Alameda and Contra Costa counties
  • Inventory: Down ~25% YoY for single-family homes, ~8% for condos
  • Days on market: Single-family homes taking slightly longer than last year; Alameda condos now selling in just 22 days
  • Market type: Single-family remains a seller's market; condos still favor buyers

Prices: Seasonal Cooling, Still Ahead of Last Year

Single-family:

  • Alameda County: $1,270,000 median — up 1.60% YoY, down from June's $1,320,000 and May's $1,390,000 peak
  • Contra Costa County: $865,000 median — up 0.93% YoY, down from May's $920,000 peak

Condos:

  • Alameda County: $555,000 median — down 2.12% YoY and down sharply from June's $600,000
  • Contra Costa County: $482,000 median — up 4.22% YoY, though off June's $515,000

Condo pricing has largely stabilized over the past year, while single-family values continue to grind modestly higher.

Inventory: Shrinking Even at Peak Season

  • Single-family: 2,659 homes for sale — down 24.70% YoY, and down 6.08% from June
    • New listings also down 4.26% YoY (1,888) — this is a genuine supply story, with sales roughly flat YoY (1,376 vs. 1,399)
  • Condos: 996 units for sale — down 7.78% YoY, down 6.13% from June
    • New listings actually rose 5.24% YoY — the shrinkage is driven by demand: condo sales up 12.44% YoY (253 sold)

Days on Market: A Tale of Two Markets

Single-family — modestly slower, still historically fast:

  • Alameda: 15 days (up from 13 last July)
  • Contra Costa: 16 days (up from 13 last July)

Condos — Alameda sees a major turnaround:

  • Alameda: 22 days, down 29.03% from 31 days last July — fastest pace in over two years
  • Contra Costa: 30 days, flat YoY (though up from June's 27 days)

Bottom Line: Split Market Conditions

Using Months of Supply Inventory (MSI) — where ~3 months is balanced, below 3 favors sellers, above 3 favors buyers:

Single-family — seller's market:

  • Alameda: 1.9 months (down 24.00% YoY)
  • Contra Costa: 2.4 months (down 25.00% YoY, now clearly seller-favored vs. near-balanced last year)

Condos — still buyer's market, but tightening:

  • Alameda: 4.4 months (improved from 5.1 last July)
  • Contra Costa: 4.2 months (improved from 4.6 last July)

Condo buyers still have leverage, but it's been eroding steadily all summer.

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