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East Bay Market Update September 2026

September 25, 2026

East Bay Market Update September 2026

The Local Lowdown: East Bay Real Estate, August 2026

Single-family homes stay a seller's market, while condos split sharply between Alameda and Contra Costa.

💰 Prices: Steady for Houses, Split for Condos

Single-family homes

  • Alameda median: $1,269,000, up 0.71% year-over-year and flat vs. July
  • About $121,000 below May's peak of $1,390,000, a normal seasonal fade
  • Contra Costa median: $865,000, up 2.98% year-over-year and flat vs. July

Condos

  • Alameda median: $562,500, up 2.37% year-over-year and up 1.72% from July
  • Still recovering steadily from January's $515,000 low
  • Contra Costa median: $444,950, down 12.75% year-over-year and down 5.63% from July
  • Contra Costa's softest condo reading since early 2025, worth watching this fall

🏠 Inventory: Still Shrinking

  • 2,662 single-family homes for sale, down 16.68% year-over-year
  • New single-family listings rose 3.76% to 1,792, but 1,230 sales kept draining supply
  • 934 condos for sale, down 9.58% year-over-year and down 10.71% from July
  • New condo listings fell 10.31% to 383; condo sales rose 3.77% to 248
  • Thinner choices heading into fall should help support prices

⏱️ Speed: Houses Faster, Condos Mixed

Single-family homes

  • Alameda: 14 days, down from 17 last August
  • Contra Costa: 20 days, down from 22 last August but up from 16 in July

Condos

  • Alameda: 32 days, down from 38 last August but up from a brisk 22 in July
  • Contra Costa: 32 days, up from 26 a year ago
  • Contra Costa condos pair longer sale times with lower prices, which is where the market's softness sits

📊 Market Verdict: Two Markets in One

  • Quick primer: Under 3 months of supply = seller's market; about 3 = balanced; over 3 = buyer's market
  • Alameda single-family: 1.9 months (down from 2.3), a seller's market
  • Contra Costa single-family: 2.4 months (down from 2.9), a seller's market
  • Alameda condos: 4.1 months (down from 4.8), a buyer's market
  • Contra Costa condos: 4.0 months (down from 4.4), a buyer's market
  • Condos are tightening but still favor buyers

🔮 Looking Ahead

  • Buyers of houses: Expect tighter conditions this fall than last fall
  • Condo sellers: Price carefully and be patient, especially in Contra Costa
  • Condo buyers: This is where the East Bay still offers negotiating leverage

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