Fremont Real Estate Market Update: April 2025

The pace of the housing market has slowed over the past few weeks, with uncertainty in both the stock and local job markets lingering and now affecting real estate. Although homes were still moving last month, many were generally selling within the suggested comps range, as opposed to testing new highs (like last year during this time). With interest rates as attractive as they have been for the past several months, this temporary slowdown could present a nice opportunity for buyers still in the market.

Fremont - Quick takeaways (4/04/25): 📈

March 2025 prices - The average home in Fremont sold for $2.065M last month, breaking back into the $2M level for the first time since August 2024! Looking back at the past year of data, March recorded the 3rd highest monthly average, which was just a bit lower compared to August at $2.14M and April at $2.11M. Interestingly, a new all time high for sold $ / sq ft has been achieved, it's now at $1157 from last month's numbers. Number of March sales above $3M price = 7 (compared to just one in Feb).
Price over asking % - Homes generally sold 7.7% above asking last month, slightly rebounding from the Jan to Feb dip (8.1% to 7.3%). For comparison purposes, at this time last year, the figure was at 11.3% in March & 11.2% in April + May.
6 month change - Price over 6 months is up 9.5% from $1.89M in September, mostly due to the jump from February to March. It was a good sign to see both average sold price and sold $ / sq ft trending upwards together, as we suggested in last month's edition seeing the skewed data.
1 yr change - Year over year, price is about 5% higher from $1.97M back in 2024. The number of homes sold this past March (74 sales) was less compared to 2024 (87 sales), but both more than the slower paced 2023 (with 64 sales).
See the March 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 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 per square foot 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.