Bay Area housing market, January 2019
By Sean Rossiter. Redfin data for November to January 2019
From November to January 2019, the single-family median sale price rose from a year earlier in 8 of 23 cities and fell in 14. 2,767 homes sold across all 23 cities, and 40.9% sold above list price. Medians ran from $909,000 in East Palo Alto to $14,250,000 in Woodside.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 25.6% to $2,550,000
- Los Gatos: up 7.8% to $2,278,250
- Redwood City: up 4.4% to $1,610,000
Down the most
- Palo Alto: down 21.9% to $2,737,500
- Foster City: down 16.4% to $1,590,000
- Campbell: down 12.9% to $1,350,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Mountain View: 13 days
- Foster City: 17 days
- Menlo Park: 18 days
Slowest
- Saratoga: 52 days
- East Palo Alto: 47 days
- Los Gatos: 39 days
All 23 cities
November to January 2019. 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 | $909,000 | +2.4% | -3.2% | 47 | 36.4% | $795,000 |
| San Jose | $1,052,500 | -4.1% | -4.3% | 38 | 37.6% | $640,000 |
| Santa Clara | $1,280,000 | -9.9% | -1.5% | 29 | 39.1% | $768,000 |
| Campbell | $1,350,000 | -12.9% | -1.1% | 28 | 36.4% | $829,500 |
| San Mateo | $1,476,500 | -1.9% | -1.6% | 28 | 54.2% | $890,000 |
| Foster City | $1,590,000 | -16.4% | -0.6% | 17 | 48.8% | $1,127,500 |
| Redwood City | $1,610,000 | +4.4% | -2.1% | 30 | 39.8% | $892,000 |
| Sunnyvale | $1,710,000 | -11.4% | -2.3% | 23 | 50.3% | $933,000 |
| Belmont | $1,716,500 | +1.0% | -1.9% | 23 | 58.5% | $1,008,000 |
| San Carlos | $1,800,000 | -3.5% | -7.7% | 27 | 50.0% | $1,195,000 |
| Redwood Shores | $1,915,000 | -8.8% | -7.1% | 23 | 40.9% | $1,125,000 |
| Mountain View | $2,100,000 | +0.0% | +0.0% | 13 | 61.0% | $889,000 |
| Cupertino | $2,250,000 | -6.2% | -4.8% | 23 | 43.1% | $1,275,000 |
| Los Gatos | $2,278,250 | +7.8% | +1.0% | 39 | 30.1% | $697,500 |
| Menlo Park | $2,550,000 | +25.6% | +5.6% | 18 | 36.5% | $1,315,000 |
| Saratoga | $2,560,000 | -5.2% | -6.4% | 52 | 38.0% | $1,288,000 |
| Palo Alto | $2,737,500 | -21.9% | -7.2% | 23 | 32.5% | $1,250,000 |
| Monte Sereno | $2,887,500 | -25.5% | -11.2% | 22 | 0.0% | n/a |
| Los Altos | $3,250,000 | -0.8% | -7.1% | 23 | 54.4% | $1,393,500 |
| Portola Valley | $3,452,500 | -1.6% | -7.4% | 58 | 0.0% | n/a |
| Los Altos Hills | $4,900,000 | +40.0% | -5.8% | 60 | 0.0% | n/a |
| Atherton | $6,750,000 | +58.5% | -2.0% | 72 | 33.3% | n/a |
| Woodside | $14,250,000 | +277.5% | +75.7% | 64 | 0.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for November to January 2019. "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, no. From November to January 2019, the single-family median sale price rose from a year earlier in 8 of 23 cities and fell in 14.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 25.6%), Los Gatos (up 7.8%), Redwood City (up 4.4%), compared with a year earlier.
Where do homes sell the fastest?
Mountain View (13 days), Foster City (17 days), Menlo Park (18 days), by median days on market for single-family homes from November to January 2019.