San Leandro, CA 94577 Real Estate Market Report

ZIP Code: 94577
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in San Leandro is characterized by a median sold price of $799,800, reflecting a competitive environment despite a slight year-over-year trend indicating that home values have decreased. This decrease suggests a potential adjustment in seller expectations amidst elevated interest rates, which are currently averaging 6.65% for 30-year fixed mortgages, putting pressure on buyer affordability. The market remains active, with a median days on market of 259, indicating a slower sales velocity relative to typical market conditions.

The current market temperature is classified as hot, driven by local economic factors and a persistent demand for space in the East Bay. However, the median listing price stands at $988,000, creating a notable gap between asking and sold prices. This disparity may indicate pricing friction as sellers adjust to market realities. Overall, the market is experiencing elevated inventory levels, suggesting excess supply relative to sales activity, which may influence future pricing dynamics.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Leandro are averaging 6.65%, which is 0.27% higher than the average rate of 6.38% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $799,800 indicates a competitive market, although it reflects a decrease in home values year-over-year.

2. With a median listing price of $988,000, there is a significant gap compared to sold prices, suggesting pricing friction in the market.

3. The median days on market of 259 points to a slower sales velocity, indicating that properties are taking longer to sell than in previous periods.

4. Current interest rates at 6.65% are contributing to elevated interest rate pressure, affecting buyer affordability and overall market activity.

5. The market temperature is classified as hot, driven by strong local demand despite the downward trend in home values.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.