Diablo Valley Market Report

January 2025
Diablo Valley Market Report January 2025:

A Look Back at 2024 and What to Expect in 2025

2024 was an exciting year for real estate in the Diablo Valley, including Danville. Median house, townhouse, and condo prices all rose year-over-year, with house and condo prices reaching new highs. While the number of new listings and sales increased compared to 2023, volumes still lagged behind long-term norms. Fueled by a surging stock market, the luxury home segment outperformed the general market. Though overbidding statistics softened slightly and listings took a bit longer to sell on average, the year closed with strong signs of resilience.

Economically, 2024 brought its share of ups and downs. Inflation eased slightly, the Fed implemented three benchmark rate cuts, and stock markets saw significant growth, bolstering household wealth—particularly for higher-income households. Despite these positive trends, interest rates ended the year higher than they began, creating some uncertainty moving forward. Consumer confidence, however, improved in the second half of the year, setting a positive tone for 2025.

As always, December brought the year’s slowest pace for new listings and contracts, but with the new year comes fresh energy and activity. Historically, the spring market is the busiest time for real estate in our area, and here in the Bay Area, it often starts well before spring officially arrives. If you are thinking about making a move this year, now is a great time to start planning to ensure you’re ready to take advantage of the opportunities ahead.

Curious about how 2025’s market trends could impact your real estate goals? Whether you are buying, selling, or just exploring your options, let’s connect and create a strategy tailored to your needs!

Report created in good faith with data from sources deemed reliable but may contain errors and subject to revision. Statistics can be affected by a variety of factors and are best considered indicators of change rather than exact measurements. All numbers are approximate and may change with late-reported activity. Economic indicators can be volatile.

View The Full Diablo Valley Market Report Here

View The Real Estate Dynamics By City

View The East Bay Home Price Map Here

Statistics are generalities, essentially summaries of widely disparate data generated by dozens, hundreds or thousands of unique, individual sales occurring within different time periods. They are best seen not as precise measurements, but as broad, comparative indicators, with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, especially in smaller, expensive market segments. Last period data should be considered estimates that may change with late-reported data. Different analytics programs sometimes define statistics - such as "active listings," "days on market," and "months supply of inventory" -- differently: what is most meaningful are not specific calculations but the trends they illustrate. Most listing and sales data derives from the local or regional multi-listing service (MLS) of the area specified in the analysis, but not all listings or sales are reported to MLS and these won't be reflected in the data. "Homes" signifies real-property, single-household housing units: houses, condos, co-ops, townhouses, duets and TICs (but not mobile homes), as applicable to each market. City/town names refer specifically to the named cities and towns, or their MLS areas, unless otherwise delineated. Multi­county metro areas will be specified as such. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers to be considered approximate.

Many aspects of value cannot be adequately reflected in median and average statistics: curb appeal, age, condition, amenities, views, lot size, quality of outdoor space, "bonus" rooms, additional parking, quality of location within the neighborhood, and so on. How any of these statistics apply to any particular home is unknown without a specific comparative market analysis.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit properties already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.