Alameda’s rolling three-month data shows notable shifts from a year ago, especially in pricing and speed. Typical home values are down about 18 percent year over year, yet homes are selling far faster, with median days on market dropping sharply to just 6 days. Compared with Portland as a whole, Alameda’s typical home value of about $924,000 is still well above the city’s roughly $512,000 level, underscoring its higher-end position within the broader market.
Recent activity highlights how tight conditions are for this period. Months of supply is just 0.8, down about one-third from last year and far below Portland’s 3.1 months, signaling limited inventory relative to demand. At the same time, homes sold, new listings, and pending sales are each up roughly 20 to 25 percent year over year, indicating more movement even within constrained supply.
Pricing power remains strong for sellers, with about 61 percent of recent sales closing above list price and an average sale-to-list ratio near 104 percent. Many homes are going under contract quickly, reflected in more than four out of five listings going off the market within two weeks. With these fast-moving dynamics and premium price points, buyers and sellers in Alameda can benefit from Agent Pronto’s help connecting with an experienced local agent who understands this specific market.
