Bay Area housing market, March 2019
By Sean Rossiter. Redfin data for January to March 2019
From January to March 2019, the single-family median sale price rose from a year earlier in 6 of 23 cities and fell in 17. 2,721 homes sold across all 23 cities, and 46.6% sold above list price. Medians ran from $980,000 in East Palo Alto to $6,725,000 in Portola Valley.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Los Gatos: up 13.7% to $2,435,000
- Mountain View: up 3.1% to $2,500,000
- San Carlos: up 2.8% to $1,910,000
Down the most
- Menlo Park: down 25.4% to $2,460,000
- Palo Alto: down 16.0% to $2,775,000
- Sunnyvale: down 15.0% to $1,705,050
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 12 days
- Los Altos: 12 days
- Belmont: 13 days
Slowest
- Los Gatos: 37 days
- East Palo Alto: 35 days
- San Jose: 29 days
All 23 cities
January to March 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 | $980,000 | +1.8% | +4.5% | 35 | 63.6% | $860,000 |
| San Jose | $1,070,000 | -10.5% | +1.9% | 29 | 44.3% | $675,000 |
| Santa Clara | $1,372,500 | -13.3% | +5.5% | 21 | 46.7% | $768,000 |
| San Mateo | $1,380,000 | -11.0% | +2.2% | 27 | 54.0% | $791,000 |
| Campbell | $1,465,000 | -4.3% | +7.5% | 22 | 36.2% | $700,000 |
| Redwood City | $1,597,500 | -11.3% | +1.6% | 23 | 39.9% | $975,500 |
| Belmont | $1,640,000 | -11.1% | +0.0% | 13 | 77.5% | $1,002,863 |
| Redwood Shores | $1,677,500 | -16.5% | -1.3% | 42 | 37.5% | $980,000 |
| Sunnyvale | $1,705,050 | -15.0% | +2.4% | 14 | 50.0% | $970,000 |
| Foster City | $1,750,000 | -10.4% | -0.7% | 23 | 58.3% | $1,000,000 |
| San Carlos | $1,910,000 | +2.8% | +3.9% | 12 | 67.2% | $1,057,500 |
| Cupertino | $2,274,000 | -5.2% | -3.6% | 21 | 55.6% | $1,260,000 |
| Los Gatos | $2,435,000 | +13.7% | -1.4% | 37 | 30.6% | $630,000 |
| Menlo Park | $2,460,000 | -25.4% | +1.7% | 17 | 42.9% | $1,412,000 |
| Mountain View | $2,500,000 | +3.1% | +15.3% | 17 | 59.7% | $988,000 |
| Saratoga | $2,625,000 | -7.9% | +2.5% | 19 | 43.2% | $960,000 |
| Palo Alto | $2,775,000 | -16.0% | +6.7% | 14 | 48.8% | $1,205,000 |
| Monte Sereno | $2,775,000 | -30.4% | -6.3% | 27 | 0.0% | n/a |
| Los Altos | $3,362,500 | -4.1% | +5.1% | 12 | 65.9% | $1,700,000 |
| Woodside | $3,625,000 | -12.7% | -42.5% | 49 | 30.0% | n/a |
| Los Altos Hills | $4,275,000 | -21.3% | -10.9% | 16 | 0.0% | n/a |
| Atherton | $6,249,000 | +3.6% | -7.1% | 55 | 15.4% | n/a |
| Portola Valley | $6,725,000 | +62.8% | +54.7% | 93 | 25.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for January to March 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 January to March 2019, the single-family median sale price rose from a year earlier in 6 of 23 cities and fell in 17.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Los Gatos (up 13.7%), Mountain View (up 3.1%), San Carlos (up 2.8%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (12 days), Los Altos (12 days), Belmont (13 days), by median days on market for single-family homes from January to March 2019.