2024 Real Estate Market Summary for Danville, Alamo, Pleasanton, and Walnut Creek

As 2024 comes to a close, we reflect on a dynamic year for real estate in Contra Costa County. The housing market in Danville, Alamo, Pleasanton, and Walnut Creek showcased resilience, growth, and shifts that have shaped the local landscape. Here’s a breakdown of key trends and insights from the past year.

Danville

Danville remained a top choice for families seeking excellent schools and a strong sense of community.

• Median Home Price: $2.1M (a 4% increase from 2023).
• Inventory: Inventory levels were tight, with demand often outpacing supply.
• Buyer Trends: Many buyers were drawn to the town’s parks, schools, and upscale lifestyle.
• Notable Development: Newer luxury homes in Tassajara Ranch and Greenbrook neighborhoods gained attention.

Alamo

Alamo’s market maintained its reputation for exclusivity and large estate homes.

• Median Home Price: $2.75M (a 5% increase from 2023).
• Inventory: Limited inventory kept prices high, with homes often selling within days.
• Buyer Trends: A significant influx of buyers from the tech sector sought privacy and space, driving up demand.
• Market Highlight: Homes in Round Hill Country Club were particularly sought after.

Pleasanton

Pleasanton experienced steady growth in both residential and commercial real estate.

• Median Home Price: $1.85M (a 3% increase from 2023).
• Inventory: Moderate inventory provided more opportunities for buyers, though competition remained strong.
• Buyer Trends: Buyers loved the combination of Pleasanton’s suburban charm and proximity to major employment hubs.
• Market Highlight: Downtown Pleasanton’s vibrancy continued to draw interest, with historic homes retaining premium value.

Walnut Creek

Walnut Creek’s real estate market thrived due to its urban-suburban mix and excellent amenities.

• Median Home Price: $1.5M (a 3% increase from 2023).
• Inventory: Condo and townhome sales surged, appealing to younger buyers and downsizing retirees.
• Buyer Trends: Proximity to BART and thriving downtown businesses made Walnut Creek highly desirable.
• Market Highlight: Luxury condos near Broadway Plaza saw significant appreciation.

2024 Key Trends Across All Cities

• Remote Work Impact: The flexibility of remote work continued to influence buying decisions, with many buyers prioritizing homes with office spaces and larger yards.
• Interest Rates: Despite higher interest rates, buyer activity remained robust due to strong demand and Contra Costa County’s appeal.
• Sustainability: Homes with solar panels, EV charging stations, and energy-efficient designs commanded premium prices.

Looking Ahead to 2025

As we move into 2025, we anticipate continued demand across these markets. However, with potential shifts in the broader economy and interest rate policies, staying informed and prepared is key.

Whether you’re buying, selling, or just exploring your options, the team at Blu Edge Realtors is here to help you navigate the ever-changing market.

Here’s to finding your dream home or maximizing your investment in the year ahead!

Contact us today to start planning your 2025 real estate goals.