Bay Area housing market, July 2019
By Sean Rossiter. Redfin data for May to July 2019
From May to July 2019, the single-family median sale price rose from a year earlier in 7 of 23 cities and fell in 16. 5,934 homes sold across all 23 cities, and 52.8% sold above list price. Medians ran from $1,075,000 in East Palo Alto to $6,500,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Portola Valley: up 23.7% to $4,100,000
- East Palo Alto: up 8.0% to $1,075,000
- Redwood City: up 3.6% to $1,710,000
Down the most
- Menlo Park: down 16.1% to $2,390,000
- Los Altos Hills: down 13.2% to $4,210,000
- Sunnyvale: down 12.4% to $1,732,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Mountain View: 14 days
- San Mateo: 20 days
- Belmont: 22 days
Slowest
- Atherton: 45 days
- Saratoga: 38 days
- Portola Valley: 38 days
All 23 cities
May to July 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 | $1,075,000 | +8.0% | +2.4% | 35 | 58.3% | $608,000 |
| San Jose | $1,154,000 | -6.8% | -0.1% | 32 | 50.1% | $660,000 |
| Campbell | $1,400,000 | -8.7% | +1.4% | 27 | 47.8% | $806,250 |
| Santa Clara | $1,410,000 | -6.0% | -2.4% | 27 | 53.4% | $730,000 |
| San Mateo | $1,575,000 | -3.2% | -3.4% | 20 | 68.8% | $843,500 |
| Redwood City | $1,710,000 | +3.6% | +0.4% | 28 | 52.8% | $1,100,000 |
| Sunnyvale | $1,732,000 | -12.4% | -3.8% | 25 | 58.5% | $935,000 |
| Belmont | $1,812,500 | -3.1% | +0.6% | 22 | 57.0% | $1,222,500 |
| Redwood Shores | $1,880,000 | -10.5% | -3.7% | 25 | 63.6% | $920,000 |
| Foster City | $1,900,000 | +2.3% | +1.6% | 31 | 60.3% | $937,500 |
| San Carlos | $2,050,000 | -2.4% | -2.8% | 24 | 67.3% | $1,160,000 |
| Mountain View | $2,202,000 | -11.9% | +0.0% | 14 | 61.7% | $990,000 |
| Cupertino | $2,280,000 | -7.5% | -4.6% | 29 | 59.8% | $1,200,000 |
| Menlo Park | $2,390,000 | -16.1% | -6.3% | 23 | 50.0% | $1,225,000 |
| Los Gatos | $2,400,000 | +0.5% | -0.8% | 32 | 43.8% | $1,000,000 |
| Saratoga | $2,855,000 | -4.8% | -1.6% | 38 | 37.7% | $818,888 |
| Palo Alto | $3,204,500 | -0.3% | +0.0% | 23 | 52.8% | $1,652,000 |
| Los Altos | $3,337,500 | +1.1% | +1.1% | 23 | 46.3% | $1,714,000 |
| Monte Sereno | $3,350,000 | +1.5% | +0.0% | 26 | 50.0% | n/a |
| Portola Valley | $4,100,000 | +23.7% | -4.7% | 38 | 22.7% | n/a |
| Los Altos Hills | $4,210,000 | -13.2% | -6.4% | 29 | 55.2% | n/a |
| Woodside | $4,600,000 | -23.0% | -3.2% | 48 | 23.1% | n/a |
| Atherton | $6,500,000 | -0.4% | -27.0% | 45 | 38.9% | n/a |
Source: Redfin Data Center, rolling three-month figures for May to July 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 May to July 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: Portola Valley (up 23.7%), East Palo Alto (up 8.0%), Redwood City (up 3.6%), compared with a year earlier.
Where do homes sell the fastest?
Mountain View (14 days), San Mateo (20 days), Belmont (22 days), by median days on market for single-family homes from May to July 2019.