Bay Area housing market, April 2019
By Sean Rossiter. Redfin data for February to April 2019
From February to April 2019, the single-family median sale price rose from a year earlier in 6 of 23 cities and fell in 17. 3,443 homes sold across all 23 cities, and 53.4% sold above list price. Medians ran from $1,040,000 in East Palo Alto to $7,100,000 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 9.1% to $2,489,000
- East Palo Alto: up 6.1% to $1,040,000
- Saratoga: up 5.5% to $3,100,000
Down the most
- Menlo Park: down 22.8% to $2,625,000
- Santa Clara: down 14.7% to $1,385,500
- Sunnyvale: down 13.6% to $1,750,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Los Altos: 9 days
- San Carlos: 11 days
- Belmont: 12 days
Slowest
- East Palo Alto: 28 days
- Campbell: 23 days
- San Jose: 21 days
All 23 cities
February to April 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 | $1,040,000 | +6.1% | +6.1% | 28 | 53.6% | $860,000 |
| San Jose | $1,100,000 | -12.0% | +2.8% | 21 | 50.9% | $700,000 |
| Santa Clara | $1,385,500 | -14.7% | +0.9% | 17 | 57.2% | $700,000 |
| Campbell | $1,465,000 | -5.5% | +0.0% | 23 | 36.6% | $675,000 |
| San Mateo | $1,525,000 | -4.7% | +10.5% | 13 | 60.2% | $765,000 |
| Redwood City | $1,635,000 | -10.4% | +2.3% | 15 | 55.5% | $978,000 |
| Redwood Shores | $1,700,000 | -14.8% | +1.3% | 14 | 60.6% | $1,050,000 |
| Belmont | $1,740,000 | -6.1% | +6.1% | 12 | 77.8% | $820,000 |
| Sunnyvale | $1,750,000 | -13.6% | +2.6% | 13 | 58.7% | $970,000 |
| Foster City | $1,805,000 | -7.4% | +3.1% | 21 | 62.5% | $1,000,000 |
| San Carlos | $1,995,000 | -2.1% | +4.5% | 11 | 74.2% | $1,060,000 |
| Mountain View | $2,200,000 | -9.2% | -12.0% | 16 | 60.4% | $1,010,000 |
| Cupertino | $2,322,500 | -3.2% | +2.1% | 13 | 58.7% | $1,256,500 |
| Los Gatos | $2,489,000 | +9.1% | +2.2% | 21 | 40.8% | $600,000 |
| Menlo Park | $2,625,000 | -22.8% | +6.7% | 13 | 50.6% | $1,650,000 |
| Palo Alto | $2,984,500 | -12.2% | +7.5% | 12 | 57.3% | $1,320,000 |
| Monte Sereno | $3,000,000 | -14.9% | +8.1% | 39 | 0.0% | n/a |
| Saratoga | $3,100,000 | +5.5% | +18.1% | 17 | 40.9% | $900,000 |
| Los Altos | $3,250,000 | -5.8% | -3.3% | 9 | 62.1% | $1,900,000 |
| Woodside | $4,200,000 | +29.0% | +15.9% | 49 | 23.1% | n/a |
| Los Altos Hills | $4,945,000 | -0.6% | +15.7% | 34 | 12.5% | n/a |
| Portola Valley | $5,650,000 | +40.1% | -16.0% | 56 | 28.6% | n/a |
| Atherton | $7,100,000 | +11.8% | +13.6% | 63 | 0.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for February to April 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 February to April 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 9.1%), East Palo Alto (up 6.1%), Saratoga (up 5.5%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), San Carlos (11 days), Belmont (12 days), by median days on market for single-family homes from February to April 2019.