Market Segments

Let’s break down the market into four groups:

1. Upper Group:

   • Median Price: $1,488,888

   • Home Size: These homes are larger, about 2,641 square feet, with lot sizes ranging between 8,000 – 10,000 sqft.

   • Beds and Baths: Typically, homes in this segment have 4 bedrooms and 2.5 bathrooms, offering more space and comfort, which is ideal for larger families or buyers looking for luxury.

   • Age: The homes are around 46 years old, suggesting they may have undergone significant renovations to maintain appeal in the high-end market.

   • Time on Market: On average, these homes take 35 days to sell, indicating steady demand for premium properties.

   • Absorption Rate: The segment has an absorption rate of 5, meaning five homes have been sold recently, showing healthy activity in this price range.

2. Mid-Upper Group:

   • Median Price: $999,399

   • Home Size: These homes average around 1,616 square feet, with lot sizes between 4,500 – 6,500 sqft.

   • Beds and Baths: Homes in this group usually feature 3 bedrooms and 2.5 bathrooms, making them ideal for small to medium-sized families who are looking for a balance of space and cost.

   • Age: The average age is 66 years, which may imply the need for some updates or modernization, but many homes have been improved to meet current buyer expectations.

   • Time on Market: Homes in this category generally take 45 days to sell, slightly longer compared to other segments, which suggests buyers may be considering multiple options before making a purchase.

   • Absorption Rate: With an absorption rate of 7, it shows good buyer interest, especially given the balance between price and amenities.

3. Lower-Mid Group:

   • Median Price: $877,500

   • Home Size: Average size of 1,242 square feet with lot sizes also between 4,500 – 6,500 sqft.

   • Beds and Baths: These homes typically have 3 bedrooms and 2 bathrooms, making them appealing to first-time homebuyers or those downsizing.

   • Age: The homes are around 72 years old, which means they may have more charm but could also require some maintenance.

   • Time on Market: The 38-day average days on market shows a relatively quick turnaround, suggesting that well-priced homes in this segment attract buyers looking for value.

   • Absorption Rate: The absorption rate of 4 indicates solid interest, even though this segment is priced lower than the mid-upper range.

4. Entry-Level Group:

   • Median Price: $748,000

   • Home Size: These are smaller homes, around 1,047 square feet, with lot sizes of 4,500 – 6,500 sqft.

   • Beds and Baths: Typically featuring 3 bedrooms and 1 bathroom, these homes are perfect for first-time buyers or investors looking for rental properties.

   • Age: Homes are 74 years old, often providing a mix of historic charm and opportunities for renovations.

   • Time on Market: On average, homes in this group take 35 days to sell, showing strong interest from buyers due to affordability.

   • Absorption Rate: The rate of 7 indicates that entry-level homes are moving quickly, reflecting their appeal to budget-conscious buyers and investors.

What Does This Mean for Buyers and Sellers?

For sellers, now is an excellent time to sell in Hayward. With fewer homes available and high buyer demand, sellers can expect competitive offers.

For buyers, although competition is strong, there are still good opportunities to buy a home, especially if you are prepared. Many homes have lowered their prices, which means buyers may be able to negotiate deals.

Easy-To-Understand Charts for the Hayward Market

• Median List Price: Staying around $925,000.

• Market Action Index: At 58, indicating a strong seller’s market.

• Inventory: Declining, which means many buyers are purchasing homes.

(These charts are created using the latest data to help you understand the trends.)

Conclusion

The Hayward, CA real estate market is currently a strong seller’s market, with many buyers and not enough homes for sale. Whether you are buying, selling, or investing, understanding these trends will help you make the best decisions. Working with a local expert is the best way to navigate this busy market.

For more help or to discuss your plans, reach out to me—I’m here to assist you with all your real estate needs in Hayward and beyond.