Bay Area housing market, October 2018
By Sean Rossiter. Redfin data for August to October 2018
From August to October 2018, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 3. 3,870 homes sold across all 23 cities, and 63.6% sold above list price. Medians ran from $1,070,000 in East Palo Alto to $7,462,500 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- East Palo Alto: up 24.8% to $1,070,000
- Los Altos: up 14.2% to $3,425,000
- San Jose: up 13.9% to $1,150,000
Down the most
- Menlo Park: down 12.7% to $2,140,000
- Los Gatos: down 2.3% to $2,100,000
- Campbell: up 2.4% to $1,387,500
All 23 cities
August to October 2018. Sorted by single-family median.
| City | Single-family median | vs. a year earlier | vs. last month | Days on market | Sold above list | Condo median |
|---|---|---|---|---|---|---|
| East Palo Alto | $1,070,000 | +24.8% | -2.7% | 24 | 64.3% | $830,000 |
| San Jose | $1,150,000 | +13.9% | -1.9% | 24 | 61.7% | $700,000 |
| Santa Clara | $1,372,500 | +4.6% | -5.0% | 15 | 60.8% | $803,000 |
| Campbell | $1,387,500 | +2.4% | -0.9% | 28 | 52.5% | $654,000 |
| San Mateo | $1,565,000 | +9.2% | -2.2% | 15 | 74.7% | $809,000 |
| Redwood City | $1,757,000 | +9.7% | +2.2% | 12 | 70.8% | $912,500 |
| Belmont | $1,800,000 | +9.1% | -2.7% | 12 | 76.9% | $972,500 |
| Sunnyvale | $1,800,000 | +5.5% | -2.4% | 15 | 67.7% | $1,100,000 |
| Foster City | $1,900,000 | +3.4% | +2.6% | 10 | 88.4% | $922,500 |
| San Carlos | $1,950,000 | +11.4% | +0.0% | 14 | 78.0% | $1,025,000 |
| Los Gatos | $2,100,000 | -2.3% | -1.2% | 38 | 37.9% | $837,750 |
| Menlo Park | $2,140,000 | -12.7% | -7.0% | 14 | 56.9% | $1,475,000 |
| Mountain View | $2,200,000 | +3.8% | -1.8% | 14 | 74.0% | $900,000 |
| Cupertino | $2,255,000 | +5.9% | -1.3% | 14 | 72.4% | $1,165,000 |
| Redwood Shores | $2,345,000 | +27.1% | -3.5% | 9 | 65.8% | $999,000 |
| Monte Sereno | $2,705,625 | -8.6% | -1.7% | 28 | 36.4% | n/a |
| Saratoga | $2,850,000 | +12.8% | -1.4% | 21 | 53.4% | $1,004,000 |
| Palo Alto | $3,100,000 | +2.5% | -2.8% | 11 | 70.3% | $1,550,000 |
| Woodside | $3,125,000 | +6.5% | -10.7% | 36 | 33.3% | n/a |
| Los Altos | $3,425,000 | +14.2% | +0.7% | 9 | 68.6% | $1,435,000 |
| Portola Valley | $3,950,000 | +31.7% | +2.9% | 14 | 38.5% | n/a |
| Los Altos Hills | $4,485,000 | +18.0% | -5.6% | 23 | 23.5% | n/a |
| Atherton | $7,462,500 | +46.3% | +18.0% | 39 | 11.1% | n/a |
Source: Redfin Data Center, rolling three-month figures for August to October 2018. "vs. last month" compares with the three months ending one month earlier. Sold above list covers all home types. Small cities have few sales, so their numbers swing more. Redwood Shores uses ZIP code 94065. Deemed reliable but not guaranteed.
FAQs
Are Bay Area home prices going up?
In most cities, yes. From August to October 2018, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 3.
Where did prices rise the most?
Among cities with at least 20 single-family sales: East Palo Alto (up 24.8%), Los Altos (up 14.2%), San Jose (up 13.9%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Foster City (10 days), Palo Alto (11 days), by median days on market for single-family homes from August to October 2018.