Lamorinda home values remain resilient.
Buyer demand across Lamorinda remains steady this spring, particularly for well-prepared and competitively priced homes. Median price per square foot rose 5.2% year over year to $896, while homes sold in a median of just 11 days, highlighting continued competition for desirable properties. At the same time, buyers remain more selective than in recent years, making pricing strategy and presentation increasingly important. Homes sold at a median of 101% of asking price, reinforcing that well-positioned listings are still commanding strong results.
The market is effectively splitting in two right now. Homes that are priced accurately and show well are generating multiple offers and going pending within a week. Homes that are even slightly off on price or presentation are sitting — sometimes for weeks — without serious activity. The gap between those two outcomes is wider than it's been in years, and it's making strategy more important than ever. For buyers, that split is actually an opportunity — the homes that are sitting are often worth a second look, and in some cases there's real room to negotiate on price and terms that simply didn't exist a year ago.
Curious what these trends mean for your goals in today’s market? Reach out to discuss your next move!
