Bay Area housing market, May 2019
By Sean Rossiter. Redfin data for March to May 2019
From March to May 2019, the single-family median sale price rose from a year earlier in 6 of 23 cities and fell in 17. 4,677 homes sold across all 23 cities, and 55.7% sold above list price. Medians ran from $1,040,500 in East Palo Alto to $9,000,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Atherton: up 35.3% to $9,000,000
- East Palo Alto: up 6.2% to $1,040,500
- Los Gatos: up 5.6% to $2,440,000
Down the most
- Menlo Park: down 20.4% to $2,625,000
- Mountain View: down 12.7% to $2,213,000
- Sunnyvale: down 11.6% to $1,784,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 12 days
- Menlo Park: 13 days
- Palo Alto: 13 days
Slowest
- Atherton: 52 days
- Los Gatos: 29 days
- East Palo Alto: 27 days
All 23 cities
March to May 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 | $1,040,500 | +6.2% | +0.0% | 27 | 47.1% | $541,000 |
| San Jose | $1,150,000 | -9.8% | +4.5% | 22 | 53.9% | $691,250 |
| Campbell | $1,400,000 | -9.7% | -4.4% | 22 | 41.9% | $772,000 |
| Santa Clara | $1,422,500 | -9.4% | +2.7% | 19 | 59.6% | $710,000 |
| San Mateo | $1,600,500 | -0.0% | +5.0% | 14 | 67.0% | $785,500 |
| Sunnyvale | $1,784,000 | -11.6% | +1.9% | 14 | 60.7% | $985,000 |
| Redwood City | $1,800,000 | +4.0% | +10.1% | 18 | 59.5% | $1,080,750 |
| Belmont | $1,844,000 | -1.9% | +6.0% | 14 | 67.7% | $819,500 |
| Foster City | $1,870,000 | -5.0% | +3.6% | 16 | 66.3% | $1,002,000 |
| Redwood Shores | $1,900,000 | -5.9% | +11.8% | 14 | 69.5% | $1,145,000 |
| San Carlos | $2,100,000 | -1.4% | +5.3% | 12 | 78.2% | $1,097,250 |
| Mountain View | $2,213,000 | -12.7% | +0.6% | 16 | 60.2% | $990,000 |
| Cupertino | $2,300,000 | -4.3% | -1.0% | 22 | 56.7% | $1,175,000 |
| Los Gatos | $2,440,000 | +5.6% | -2.0% | 29 | 43.1% | $600,000 |
| Menlo Park | $2,625,000 | -20.4% | +0.0% | 13 | 51.3% | $1,596,500 |
| Saratoga | $2,855,000 | +1.5% | -7.9% | 20 | 41.1% | $877,500 |
| Portola Valley | $3,195,000 | -15.9% | -43.5% | 36 | 26.7% | n/a |
| Palo Alto | $3,205,000 | -4.3% | +7.4% | 13 | 58.3% | $1,500,000 |
| Los Altos | $3,390,000 | -0.3% | +4.3% | 13 | 52.5% | $2,098,000 |
| Monte Sereno | $3,500,000 | -16.2% | +16.7% | 35 | 18.2% | n/a |
| Woodside | $4,400,000 | +2.3% | +4.8% | 46 | 22.2% | n/a |
| Los Altos Hills | $4,500,000 | -13.8% | -9.0% | 22 | 40.0% | n/a |
| Atherton | $9,000,000 | +35.3% | +26.8% | 52 | 17.4% | n/a |
Source: Redfin Data Center, rolling three-month figures for March to May 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 March to May 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: Atherton (up 35.3%), East Palo Alto (up 6.2%), Los Gatos (up 5.6%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (12 days), Menlo Park (13 days), Palo Alto (13 days), by median days on market for single-family homes from March to May 2019.