Fremont Real Estate Market Update: February 2025

Good morning! For the month of January, many cities saw less sales activity compared to previous years. While this was partially due to the timing of the holiday season, the higher mortgage rates are definitely a major contributing factor. Historically, the market tends to pick up speed around this time in February, so hopefully we can see more activity (both buyers in the market & homes for sale) as rates start easing up.

Fremont - Quick takeaways (2/04/25): 📈

January 2025 prices - Fremont had an oddly low activity month, with only 22 homes being sold, at an average sales price of $1.84M. For reference, (since 2020) the 2nd lowest activity month still had almost double the amount at 41 sold, which occurred in January 2023. While there's normally a drop off in sold homes from the December to January months, this year was particularly sharp (Dec 2024 at 51 to 22 last month; Dec 2023 at 54 to 42 in Jan 2024; Dec 2022 at 46 to 41 in Jan 2023). Talking about low activity, Fremont also experienced a drop off in the count of # of homes selling beyond $3M, which was down to 2 homes (recently has been 5-6 on avg).
Price over asking % - Homes generally sold 8.1% above asking last month, which was the highest since June recorded 9.65%. The sharp decline in sold inventory is the likely push for this figure suddenly shooting up from the 4-5% range it has been in for months.
6 month change - With the price decline last month, the average price over 6 months is down 5.3% from $1.94M in July. Though we have only seen an average > $2M one since that time, that barrier is likely to be eclipsed with next month's data.
1 yr change - Year over year, price is up .8% vs January 2024 at $1.83M. The number of homes sold this past January (22 sales) was around 47% less compared to 2023 & 2024 (with 41 & 42 sales).
See the Jan 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.