Bay Area housing market, September 2019
By Sean Rossiter. Redfin data for July to September 2019
From July to September 2019, the single-family median sale price rose from a year earlier in 4 of 23 cities and fell in 19. 5,288 homes sold across all 23 cities, and 45.4% sold above list price. Medians ran from $980,000 in East Palo Alto to $5,517,500 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 6.8% to $2,457,500
- Los Gatos: up 6.3% to $2,260,000
- Foster City: up 2.0% to $1,890,000
Down the most
- Redwood Shores: down 22.8% to $1,876,250
- Los Altos Hills: down 21.6% to $3,725,000
- Atherton: down 12.8% to $5,517,500
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Mountain View: 21 days
- San Carlos: 26 days
- San Mateo: 27 days
Slowest
All 23 cities
July to September 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 | -10.9% | -1.0% | 41 | 50.0% | $697,500 |
| San Jose | $1,099,000 | -6.2% | -0.5% | 39 | 42.0% | $637,500 |
| Santa Clara | $1,300,000 | -10.0% | -3.8% | 35 | 45.5% | $740,000 |
| Campbell | $1,385,000 | -1.1% | -1.4% | 42 | 42.3% | $800,000 |
| San Mateo | $1,495,000 | -6.6% | -3.5% | 27 | 62.5% | $770,000 |
| Redwood City | $1,672,500 | -2.8% | +1.8% | 33 | 49.8% | $1,100,000 |
| Sunnyvale | $1,694,000 | -8.1% | -2.3% | 34 | 46.9% | $983,425 |
| Belmont | $1,750,000 | -5.4% | +2.9% | 29 | 53.7% | $1,265,000 |
| Redwood Shores | $1,876,250 | -22.8% | +0.0% | 37 | 66.1% | $970,000 |
| Foster City | $1,890,000 | +2.0% | -0.5% | 32 | 44.7% | $935,000 |
| San Carlos | $1,925,000 | -1.3% | -6.1% | 26 | 61.3% | $1,160,000 |
| Mountain View | $2,019,500 | -9.8% | -3.8% | 21 | 46.3% | $882,000 |
| Cupertino | $2,100,000 | -8.1% | -7.0% | 28 | 51.6% | $1,215,000 |
| Los Gatos | $2,260,000 | +6.3% | -1.7% | 42 | 39.0% | $635,000 |
| Menlo Park | $2,457,500 | +6.8% | +8.5% | 30 | 47.4% | $1,270,000 |
| Saratoga | $2,547,500 | -11.8% | -11.1% | 43 | 32.5% | $877,500 |
| Palo Alto | $3,027,500 | -5.0% | -2.1% | 37 | 53.6% | $1,485,000 |
| Los Altos | $3,200,000 | -5.9% | -0.8% | 27 | 41.4% | $1,550,000 |
| Woodside | $3,400,000 | -2.9% | +0.0% | 101 | 8.3% | n/a |
| Portola Valley | $3,475,000 | -9.4% | -11.7% | 66 | 23.5% | n/a |
| Monte Sereno | $3,525,000 | +28.1% | +6.4% | 55 | 28.6% | n/a |
| Los Altos Hills | $3,725,000 | -21.6% | -3.2% | 34 | 56.0% | n/a |
| Atherton | $5,517,500 | -12.8% | +1.7% | 61 | 16.7% | n/a |
Source: Redfin Data Center, rolling three-month figures for July to September 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 July to September 2019, the single-family median sale price rose from a year earlier in 4 of 23 cities and fell in 19.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 6.8%), Los Gatos (up 6.3%), Foster City (up 2.0%), compared with a year earlier.
Where do homes sell the fastest?
Mountain View (21 days), San Carlos (26 days), San Mateo (27 days), by median days on market for single-family homes from July to September 2019.