Bay Area Housing Market Update
October 2026
Overall Market
Median Price | Alameda, Contra Costa, Marin, San Francisco, San Mateo, Santa Clara Counties | Overall
Single Family
Townhouse
Condo
By Submarket
Median Price | By Submarket (Single Family, Condo & Townhouse Combined) | Year-over-Year
New Listings
New Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 5,140 new listings last month vs 5,069 last year (+1.4%)
Biggest increase: Santa Clara (1,158 → 1,376) · Biggest decrease: Alameda (1,304 → 1,195)
Pending Listings
Pending Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 3,478 pending listings last month vs 4,169 last year (-16.6%)
Biggest increase: San Francisco (505 → 510) · Biggest decrease: Contra Costa (936 → 691)
Closed Listings
Closed Listings | By County (Single Family, Condo & Townhouse Combined) | Year-over-Year
Overall: 3,766 closings this month vs 4,300 last year (-12.4%)
Biggest increase: Marin (247 → 252) · Biggest decrease: Alameda (979 → 827)
Worth noting: Santa Clara's new listings jumped the most of any county this month (+218, up 18.8%) — yet pending listings there fell 14.6% (1,005 → 858) and closings dropped from 1,068 to 952, so the new supply isn't converting into sales.
Closings today reflect contracts from 30–45 days ago, so expect next month's closings to reflect this month's pending trend.
Months of Supply
Active to Close Ratio | By Property Type | Bay Area Overall
Single Family
1.8 mo — Seller's Market
Townhouse
2.9 mo — Neutral
Condo
3.1 mo — Buyer's Market
Months of Supply = Active ÷ Closed. The Bay Area follows a different pace than national norms: under 2 months is a seller's market, 2–3 months is neutral, and above 3 months is a buyer's market.
Pending Ratio
Pending Ratio (Pending ÷ Active) | By Property Type | Year-over-Year
Single Family: 50.2% (−7.9 pts) · Townhouse: 32.8% (−10.3 pts) · Condo: 30.2% (−1.1 pts)
Bay Area Market Type
| Ratio | Market Type |
|---|
| Under 15% | Buyer's Market |
| 15% – 30% | Balanced |
| 30% – 50% | Seller's Market |
| 50%+ | Hot Seller's Market |
Calculated using Active listings broken out by Single Family, Townhouse & Condo.
Overall Bay Area blended ratio (all types combined): 42.8% this October vs 48.7% last October (−5.9 pts).
Pending & Active by Property Type — Oct 2026
| Property Type | Pending | Active | Ratio |
|---|
| Single Family | 2,520 | 5,022 | 50.2% |
| Townhouse | 254 | 774 | 32.8% |
| Condo | 703 | 2,329 | 30.2% |
List-to-Sale Ratio
List-to-Sale Price Ratio (Sale Price ÷ Original List Price) | By Property Type | Year-over-Year
Single Family: 106.9% of ask (avg +6.9% over ask) · Townhouse: 99.7% (avg −0.3%) · Condo: 102.2% (avg +2.2%)
Dashed line marks 100% (selling at exactly asking price). Above the line = selling over ask; below = selling at a discount off the original list price.
By County — Oct 2026
| County | Oct 2025 | Oct 2026 |
|---|
| Santa Clara | 101.2% | n/a* |
| San Mateo | 102.5% | 105.7% |
| San Francisco | 107.9% | 119.1% |
| Marin | 98.6% | 101.2% |
| Alameda | 104.2% | 108.3% |
| Contra Costa | 98.6% | 100.3% |
*Santa Clara's October 2026 figure is not yet available in the source MLS export. San Francisco again shows the strongest premium over ask of any county, at 119.1% — homes there are selling about 19% over the original list price.
Sales Volume
Total Dollar Volume Sold | Bay Area Overall | Year-over-Year
Overall: $6.82B this October vs $7.06B last October (-3.4%)
Home Sales Over $4M
265 this October vs 213 last October (+24.4%)
Home Sales Over $10M
25 this October vs 21 last October (+19.0%)