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Choosing a new place to live is dictated by a number of factors, from jobs to family needs, but some communities attract more move-ins than others.
Realtor.com tracks the top 50 hottest real estate zip codes in the U.S. each year. Zip codes are ranked based on how many days a property stays on the market and how many unique views each property gets. This year, Livermore came in at number 44, making it the hottest real estate location in the Bay Area.
Why Livermore?
The median selling price for Livermore homes in June was over $1.4 million, but that doesn’t stop homebuyers from seeking out properties for sale in the area.
“Livermore has an amazing downtown and excellent restaurants and arts scene,” said Glen Riggs, a Realtor with Elation Real Estate. “The Bankhead Theater is a great home to local theater companies as well as a frequent stop for well-known headliners.”
Beyond its entertainment scene, Livermore is also known for its access to the great outdoors.
“The mild weather in Livermore most of the year makes it the perfect town to connect with friends and family for outdoor fun and fitness,” Riggs said. “Livermore is also home to some great golf courses for those who enjoy a few rounds of golf. From Livermore, there are so many activities to be found in less than a two-hour drive -- lakes, the ocean, beaches and mountains are all easily accessible.”
Livermore is also known for its strong job market. The Bay Area’s proximity to start-ups and tech industry giants makes it a hub for innovation. Living nearby brings the chance for career growth and higher paying jobs.
In fact, the average hourly wage for workers in the San Francisco-Oakland-Hayward metropolitan area was $45.37 in May 2022, according to the U.S. Bureau of Labor Statistics, 52% above the national average.
Livermore real estate trends
Despite home prices on the higher end, the Livermore real estate market remains strong.
“As of right now, it is a seller’s market due to low inventory and high interest rates,” Riggs said. “Most homes are seeing multiple offers, getting into contract in less than 10 days and many are going for above the listing price, but all of that depends on several variables. Finding the right agent to help you list and price your home competitively makes a huge difference.”
Pricing a home too high can discourage potential buyers and cause unnecessary delay as sellers and buyers go back and forth. Pricing too low could leave cash on the table for the seller and may undervalue the home to discerning buyers.
Overall, buying in Livermore is well worth the effort and cost, Riggs said.
“The best advice I could give to someone looking to move to the Livermore area is to do it,” he said. “I was born and raised here. I have lived in Sonoma County and Las Vegas and came back to Livermore. I love my community and the many neighborhoods in Livermore.”
Glen Riggs is an agent at Elation Real Estate, which offers a “boutique feel with world-class results” with a team exceeding more than 30 years buying and selling homes in the Tri-Valley. Glen guides new and experienced home buyers and sellers through every step of the process.
