Alameda Housing Market Update: Prices Ease as Sales Activity Picks Up
Alameda, CA – March 16, 2026 – Home prices dipped year over year in February while sales rose and homes continued moving in about two weeks.
Top takeaways
- Median sale price in February was $1,155,000, down 5.7% year over year.
- Homes sold in a median of 15 days, similar to last year.
- Closed sales increased to 34 in February, up from 31 a year earlier.
- Market conditions remain competitive despite softer pricing.
Market snapshot
The Alameda housing market showed modest price softening in February 2026. According to Redfin, the median sale price was $1,155,000, a 5.7% decline compared with February 2025. On a per-square-foot basis, prices were also down year over year.
Even with that dip, homes are moving quickly. Properties sold in a median of 15 days, nearly unchanged from last year, indicating continued buyer demand for well-priced listings. Sales activity ticked up, with 34 homes closing in February versus 31 during the same month in 2025.
Zillow’s latest data shows overall home values in Alameda edging higher year over year as of late February, reflecting how monthly fluctuations can differ from closed-sale figures. Together, the data suggests a market adjusting on price while remaining competitive on timing.
What’s for sale now
Active listings in Alameda include a mix of single-family homes, townhomes and condos at a wide range of price points. Current inventory on Redfin shows:
– Single-family homes commonly listed from the high $900,000s into the $2 million range.
– Condos and townhomes generally starting in the mid-$600,000s and up, depending on size and location.
– Updated or well-located properties drawing strong interest within the first few weeks.
Limited inventory relative to demand continues to support competition, particularly for move-in-ready homes.
Broader context
Across Alameda County, median prices were also down year over year in February, signaling that the city’s trends align with wider East Bay patterns. Buyers appear more price-sensitive than during peak-pandemic conditions, while sellers are adjusting expectations to meet the market.
With spring approaching, new listings and buyer activity typically increase. The next few months will show whether February’s price dip represents a short-term reset or a longer shift in local values.
Sources
https://www.redfin.com/city/117/CA/Alameda/housing-market
https://www.zillow.com/home-values/16697/alameda-ca/
https://www.redfin.com/city/117/CA/Alameda
What changes are you seeing in your neighborhood — more listings, price cuts, or multiple-offer situations?