Bay Area housing market, February 2019
By Sean Rossiter. Redfin data for December to February 2019
From December to February 2019, the single-family median sale price rose from a year earlier in 7 of 23 cities and fell in 16. 2,435 homes sold across all 23 cities, and 41.3% sold above list price. Medians ran from $938,000 in East Palo Alto to $6,725,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Los Gatos: up 16.2% to $2,470,000
- San Carlos: up 1.5% to $1,837,500
- Cupertino: up 1.3% to $2,360,000
Down the most
- Palo Alto: down 20.0% to $2,600,000
- Sunnyvale: down 15.5% to $1,665,000
- Santa Clara: down 12.8% to $1,301,250
All 23 cities
December to February 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 | $938,000 | -1.3% | +3.2% | 61 | 50.0% | n/a |
| San Jose | $1,050,000 | -7.2% | -0.2% | 39 | 39.1% | $640,000 |
| Santa Clara | $1,301,250 | -12.8% | +1.7% | 30 | 36.4% | $745,000 |
| San Mateo | $1,350,000 | -10.7% | -8.6% | 31 | 55.1% | $855,000 |
| Campbell | $1,362,500 | -12.5% | +0.9% | 30 | 36.9% | $700,000 |
| Redwood City | $1,572,500 | -7.3% | -2.3% | 31 | 33.9% | $915,000 |
| Belmont | $1,640,000 | -6.5% | -4.5% | 13 | 67.7% | $915,363 |
| Sunnyvale | $1,665,000 | -15.5% | -2.6% | 28 | 48.3% | $1,080,000 |
| Redwood Shores | $1,700,000 | -10.7% | -11.2% | 39 | 30.8% | $947,500 |
| Foster City | $1,762,500 | -9.6% | +10.8% | 27 | 52.4% | $1,105,000 |
| San Carlos | $1,837,500 | +1.5% | +2.1% | 17 | 54.7% | $1,060,000 |
| Mountain View | $2,168,500 | -4.9% | +3.3% | 17 | 64.3% | $970,000 |
| Cupertino | $2,360,000 | +1.3% | +4.9% | 30 | 45.6% | $1,275,000 |
| Menlo Park | $2,420,000 | -6.9% | -5.1% | 18 | 35.6% | $856,000 |
| Los Gatos | $2,470,000 | +16.2% | +8.4% | 42 | 27.8% | $765,000 |
| Saratoga | $2,560,000 | -5.4% | +0.0% | 42 | 37.8% | $1,520,000 |
| Palo Alto | $2,600,000 | -20.0% | -5.0% | 22 | 32.4% | $1,250,000 |
| Monte Sereno | $2,962,500 | -15.4% | +2.6% | 24 | 0.0% | n/a |
| Los Altos | $3,200,000 | -3.8% | -1.5% | 15 | 63.9% | $1,560,000 |
| Portola Valley | $4,347,500 | +24.9% | +25.9% | 81 | 0.0% | n/a |
| Los Altos Hills | $4,800,000 | +12.5% | -2.0% | 56 | 0.0% | n/a |
| Woodside | $6,300,000 | +75.0% | -55.8% | 122 | 33.3% | n/a |
| Atherton | $6,725,000 | +29.9% | -0.4% | 60 | 28.6% | n/a |
Source: Redfin Data Center, rolling three-month figures for December to February 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 December to February 2019, the single-family median sale price rose from a year earlier in 7 of 23 cities and fell in 16.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Los Gatos (up 16.2%), San Carlos (up 1.5%), Cupertino (up 1.3%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (13 days), Los Altos (15 days), San Carlos (17 days), by median days on market for single-family homes from December to February 2019.