Bay Area Edition | July 2023

2023

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REAL ESTATE DATA

COMPILED BY JAKE MAGEE

2022-23 Bay Area real estate market at a glance The number of homes sold in Bay Area ZIP codes was less in June 2022-May 2023 than the prior one-year period. Meanwhile, the average home sales price and average days on the market increased in each ZIP code over the same time periods, except 77565, which saw a decrease in average days on the market.

77058 77059 77062 77565 77573

225

146

45

SOURCES: SPARROW REALTY, FREDDIE MACCOMMUNITY IMPACT

518

Number of homes sold

Average home sales price

June 2021-May 2022

June 2022-May 2023

June 2021-May 2022

June 2022-May 2023

77058

$305,000

+28.12%

$390,771

77059

77565

$389,000

$425,000 $415,000

+20.5%

+2.41%

$468,742

77573

77062

$377,363

$336,110 $303,000

+10.93%

+8.79%

$410,549

77058

77059

77062

77565

77573

Average days on market

National mortgage rate data After staying relatively at the rst two years of the pandemic, mortgage rates have sharply risen since early 2022, peaking Nov. 10 of last year before seeing some decline the last six months. 30-year xed-rate mortgage 15-year xed-rate mortgage

June 2021-May 2022

June 2022-May 2023

6.48%

8%

6%

3.72%

3.22%

2.65%

4%

5.73%

0 2%

3.16%

2.16%

2.43%

January 2020

January 2021

January 2022

January 2023

77058

77059

77062

77565

77573

18

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