Fremont Real Estate Market Update: January 2025

Hope your new year is starting off well. Following the annual trend for the holiday season, we saw prices slightly dip in several areas. Inventory wise, most cities generally had numbers either consistent with, or significantly higher compared to previous years. For the entire 2024, we faced several challenges in the market including: rising inflation, fluctuating mortgage rates, and a continued inventory shortage. The general sentiment is that 2025 will have less of these headwinds to deal with, creating a less complicated environment for prospective buyers and sellers.

Fremont - Quick takeaways (1/04/25): 📈

December 2024 prices - Fremont was one of the only cities in the Eastbay which saw prices increase last month, with the average home now selling for $1.99M. Comparing the number of homes selling above $3M in the past couple months, while August (the all time high month at $2.14M) had 10 of these sales, the last four months have only seen 5-6 on average.
Price over asking % - Homes generally sold 5.2% above asking last month, which is the highest since August (at 5.5%). The market is still favoring sellers in many areas, particularly so for neighborhoods with stronger school ratings.
6 month change - Average price over 6 months is down 2.9% from $2.05M in June. Since that time, price has been a little volatile spending two months in the $1.8s but also eclipsing the $2M barrier twice (last occurring in August). Though we did not reach the $2M mark in Q4, we are likely to see this again very soon.
1 yr change - Year over year, price is up 23% compared to last month at $1.61M. The number of homes sold this past December (51 sales) was within the range of previous years, with 54 sold in 2023 and 46 sold in 2022.
See the Dec sold homes HERE.

Take care,

Josh Uy

Fremont Data title banner over Mission Peak and the Fremont hills

Table of Fremont detached home sales month by month over the past two years: number sold, average list price, average sold price, percent over asking, and price per square foot. The latest month's average sold price is highlighted and the one from six months earlier is outlined, and a smaller table below compares the latest month with the same month one and two years earlier

Line chart comparing the average list price and average sold price of Fremont detached homes, month by month over the past two years

Bar chart of the number of detached homes sold in Fremont each month over the past two years

Line chart of the average sold price per square foot of Fremont detached homes, month by month over the past two years

Line chart of the average sold price per square foot in Fremont by quarter over three years, with one line for each zip code: 94536, 94538, 94539 and 94555

Line chart of the average sold price in Fremont by quarter over three years, with one line for each zip code: 94536, 94538, 94539 and 94555

Sales data was pulled from the Bayeast Association of Realtors MLS (deemed reliable but not guaranteed), then organized by Josh Uy. For more information on how these trends might affect your home values and/or the timing of your real estate moves, please feel free to contact me anytime. You can also visit my website (www.JoshUy.com) which has additional resources for home buyers and home sellers.

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Contact Josh Uy, REALTOR, DRE #01952401. Phone 510.449.7280. Email Josh@EverhomeRE.com. Website and QR code both link to www.JoshUy.com. Buying, selling, new homes, and investments.