Bay Area housing market, November 2019
By Sean Rossiter. Redfin data for September to November 2019
From September to November 2019, the single-family median sale price rose from a year earlier in 5 of 23 cities and fell in 18. 4,961 homes sold across all 23 cities, and 41.8% sold above list price. Medians ran from $904,000 in East Palo Alto to $6,000,000 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 6.8% to $2,310,000
- Menlo Park: up 2.6% to $2,375,000
- Campbell: up 1.4% to $1,395,000
Down the most
- Atherton: down 21.1% to $6,000,000
- Woodside: down 14.3% to $3,000,000
- Redwood Shores: down 11.6% to $1,980,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Redwood Shores: 14 days
- Foster City: 18 days
- San Carlos: 18 days
Slowest
- Los Gatos: 53 days
- Woodside: 51 days
- East Palo Alto: 49 days
All 23 cities
September to November 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 | $904,000 | -9.6% | -6.1% | 49 | 43.2% | $600,000 |
| San Jose | $1,090,000 | -3.1% | +1.4% | 41 | 36.2% | $625,290 |
| Santa Clara | $1,275,000 | -2.3% | +2.8% | 35 | 41.8% | $740,000 |
| Campbell | $1,395,000 | +1.4% | +1.1% | 42 | 37.8% | $755,000 |
| San Mateo | $1,450,000 | -6.6% | +0.0% | 27 | 63.5% | $747,750 |
| Redwood City | $1,575,000 | -7.9% | -1.6% | 22 | 58.0% | $1,040,000 |
| Foster City | $1,684,750 | +0.4% | -6.0% | 18 | 47.9% | $919,000 |
| Sunnyvale | $1,698,000 | -3.3% | -2.4% | 27 | 47.5% | $938,000 |
| Belmont | $1,775,000 | -1.1% | +0.7% | 33 | 52.7% | $1,268,000 |
| San Carlos | $1,860,000 | -4.6% | -2.1% | 18 | 62.8% | $1,100,000 |
| Redwood Shores | $1,980,000 | -11.6% | +5.9% | 14 | 73.6% | $920,000 |
| Mountain View | $2,080,000 | -5.5% | +1.5% | 25 | 49.4% | $1,050,000 |
| Cupertino | $2,180,000 | -7.6% | +1.3% | 33 | 44.2% | $1,162,500 |
| Los Gatos | $2,310,000 | +6.8% | +5.0% | 53 | 27.1% | $665,000 |
| Menlo Park | $2,375,000 | +2.6% | +3.3% | 29 | 40.0% | $1,200,000 |
| Saratoga | $2,619,000 | -7.1% | -1.2% | 42 | 28.0% | $1,050,000 |
| Woodside | $3,000,000 | -14.3% | -13.4% | 51 | 21.7% | n/a |
| Palo Alto | $3,080,000 | +0.7% | -1.4% | 36 | 45.5% | $1,575,000 |
| Monte Sereno | $3,166,000 | -4.8% | +2.1% | 58 | 16.7% | n/a |
| Los Altos | $3,300,000 | -2.9% | +2.2% | 28 | 47.2% | $1,688,888 |
| Portola Valley | $3,712,500 | -3.7% | +6.8% | 85 | 21.4% | n/a |
| Los Altos Hills | $3,925,000 | -19.1% | -4.3% | 34 | 27.8% | n/a |
| Atherton | $6,000,000 | -21.1% | -12.4% | 47 | 18.5% | n/a |
Source: Redfin Data Center, rolling three-month figures for September to November 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 September to November 2019, the single-family median sale price rose from a year earlier in 5 of 23 cities and fell in 18.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Los Gatos (up 6.8%), Menlo Park (up 2.6%), Campbell (up 1.4%), compared with a year earlier.
Where do homes sell the fastest?
Redwood Shores (14 days), Foster City (18 days), San Carlos (18 days), by median days on market for single-family homes from September to November 2019.