Bay Area housing market, November 2018
By Sean Rossiter. Redfin data for September to November 2018
From September to November 2018, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5. 3,597 homes sold across all 23 cities, and 55.4% sold above list price. Medians ran from $1,000,000 in East Palo Alto to $7,600,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Atherton: up 49.4% to $7,600,000
- East Palo Alto: up 14.3% to $1,000,000
- Redwood City: up 12.7% to $1,710,000
Down the most
- Foster City: down 9.1% to $1,678,000
- Santa Clara: down 3.3% to $1,305,000
- Campbell: down 3.2% to $1,375,000
All 23 cities
September to November 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 | $1,000,000 | +14.3% | -6.5% | 15 | 53.6% | $795,000 |
| San Jose | $1,125,000 | +7.1% | -2.2% | 28 | 51.8% | $689,000 |
| Santa Clara | $1,305,000 | -3.3% | -4.9% | 15 | 52.9% | $830,000 |
| Campbell | $1,375,000 | -3.2% | -0.9% | 27 | 46.1% | $705,000 |
| San Mateo | $1,553,000 | +6.1% | -0.8% | 16 | 68.2% | $820,000 |
| Foster City | $1,678,000 | -9.1% | -11.7% | 13 | 79.7% | $910,000 |
| Redwood City | $1,710,000 | +12.7% | -2.7% | 18 | 65.3% | $940,000 |
| Sunnyvale | $1,755,000 | -1.1% | -2.5% | 18 | 61.8% | $1,000,000 |
| Belmont | $1,795,000 | +5.6% | -0.3% | 13 | 71.0% | $1,105,000 |
| San Carlos | $1,950,000 | +9.1% | +0.0% | 15 | 70.3% | $1,025,100 |
| Los Gatos | $2,162,000 | +6.3% | +3.0% | 35 | 34.4% | $700,000 |
| Mountain View | $2,200,000 | +9.1% | +0.0% | 12 | 69.8% | $840,000 |
| Redwood Shores | $2,238,500 | +14.7% | -4.5% | 12 | 71.4% | $1,105,000 |
| Menlo Park | $2,315,000 | +1.5% | +8.2% | 15 | 48.6% | $1,315,000 |
| Cupertino | $2,360,000 | +12.2% | +4.7% | 16 | 60.3% | $1,250,000 |
| Saratoga | $2,820,000 | +12.6% | -1.1% | 20 | 44.9% | $955,000 |
| Palo Alto | $3,058,000 | -2.9% | -1.4% | 12 | 58.0% | $1,500,000 |
| Monte Sereno | $3,325,000 | +17.9% | +22.9% | 20 | 37.5% | n/a |
| Los Altos | $3,400,000 | +12.4% | -0.7% | 10 | 61.6% | $1,405,000 |
| Woodside | $3,500,000 | +23.5% | +12.0% | 77 | 27.3% | n/a |
| Portola Valley | $3,854,000 | +18.6% | -2.4% | 13 | 35.7% | n/a |
| Los Altos Hills | $4,850,000 | +38.6% | +8.1% | 32 | 16.7% | n/a |
| Atherton | $7,600,000 | +49.4% | +1.8% | 35 | 16.7% | n/a |
Source: Redfin Data Center, rolling three-month figures for September to November 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 September to November 2018, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Atherton (up 49.4%), East Palo Alto (up 14.3%), Redwood City (up 12.7%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (10 days), Palo Alto (12 days), Mountain View (12 days), by median days on market for single-family homes from September to November 2018.