Month-over-Month Changes

In August 2023, Fremont’s real estate market showed some notable changes compared to July 2023:

  • Homes Sold: 74 homes were sold, marking a 16% increase from 64 sales the previous month.
  • Median Sale Price: There was no significant change in the median sale price.
  • Days on Market (DOM): The DOM remained consistent at 8 days.
  • Percentage of List Price Received: Sellers received 108% of their asking price, up from 106% in July 2023.


The month-over-month data indicates a market that is heating up. The increase in homes sold and the stable DOM suggest that demand remains strong. Sellers are benefiting, as evidenced by the higher percentage of list price received.

Year-over-Year Comparison

Comparing August 2023 to August 2022, the following changes were noted:

  • Homes Sold: Decreased by 25%, from 99 to 74.
  • Homes Listed: Decreased by 8%, from 114 to 105.
  • Median Sale Price: Increased from $1.49M to $1.63M.
  • Median Days on Market: Decreased from 17 to 8.
  • Average Dollar per Square Foot: Increased from $932 to $994.
  • Percentage of List Price Received: Increased from 98% to 108%.
  • Months of Inventory: Decreased from 1.5 to 0.7.


Year-over-year, the market has seen a decrease in the number of homes sold and listed, but an increase in sale prices and a faster sales cycle. This suggests a seller’s market where inventory is tight, but demand is high enough to drive up prices.

Price Points and Quadrants

The sales details for August 2023 were broken down by quadrants:

  • Top Quadrant: 19 homes sold, Median Sale Price: $2,170,000, Median DOM: 8, Avg. $/Sq.Ft.: $967.
  • Second Quadrant: 19 homes sold, Median Sale Price: $1,760,000, Median DOM: 7, Avg. $/Sq.Ft.: $977.
  • Third Quadrant: 18 homes sold, Median Sale Price: $1,500,000, Median DOM: 9, Avg. $/Sq.Ft.: $941.
  • Bottom Quadrant: 18 homes sold, Median Sale Price: $1,256,250, Median DOM: 7, Avg. $/Sq.Ft.: $980.


The data shows that all quadrants are active, but the top and second quadrants are seeing the most activity. This suggests that higher-priced homes are moving quickly, indicating a strong market for sellers in these price ranges.


The Fremont market in August 2023 showed an increase in homes sold compared to the previous month, but a decrease in homes listed year-over-year. The increase in median sale price year-over-year and the stable DOM indicate a strong market, particularly for sellers. The quadrant data provides valuable insights for both buyers and sellers, showing that higher-priced homes are particularly competitive.

Data provided by MLSListings and is deemed reliable but not guaranteed.