Pleasanton Real Estate Market Update - May 2025

Current Market Overview

Right now, we have 148 active listings, which includes 122 single-family homes. There are 46 homes in escrow, with 32 of those being single-family homes. Although only eight homes closed in April, seven of those were single-family homes. At first glance, this may seem slow, but when we consider the 468 pending sales, it gives us a clearer picture of the market dynamics.

Market Statistics

• Active Listings: 148 active listings in Pleasanton, which includes 122 single-family
• Pending Sales: 468
• Closed Sales (April 2025): 8 total homes closed, 7 were single-family homes
• Median Home Price: ~$1.6 million

Inventory and Market Dynamics

With this level of buyer activity, we are looking at around 2 to 3 months of inventory. This indicates that the market isn't stalling; rather, it's becoming more balanced. Homes are still selling relatively quickly, with an average of 14 days on the market. The median price in Pleasanton is holding strong at approximately $1.6 million. The demand remains robust, particularly for homes that are move-in ready, well-presented, and priced competitively

Growth and Development

Pleasanton is actively investing in housing and infrastructure, with significant projects underway. Notable developments include the Avalon mixed-use development in the Aienda business park and the East Pleasanton specific sub-plan, which could potentially add up to 700 new homes. Additionally, the city has allocated $15 million towards upgrading the water system, demonstrating a commitment to long-term growth and sustainability

Conclusion

For buyers, this is a unique opportunity to make thoughtful offers without the pressure of rushing. For sellers, the market remains strong, but it’s crucial to ensure your property is well-prepared and priced appropriately. That's your Pleasanton update for May 2025. If you want a real strategy tailored to today's market, we've got you covered!