Bay Area housing market, December 2019
By Sean Rossiter. Redfin data for October to December 2019
From October to December 2019, the single-family median sale price rose from a year earlier in 7 of 23 cities and fell in 16. 4,916 homes sold across all 23 cities, and 40.0% sold above list price. Medians ran from $909,500 in East Palo Alto to $5,875,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Palo Alto: up 6.8% to $3,150,000
- Foster City: up 6.3% to $1,700,000
- Mountain View: up 4.8% to $2,200,000
Down the most
- Woodside: down 66.5% to $2,712,500
- Atherton: down 14.7% to $5,875,000
- San Carlos: down 7.4% to $1,805,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Redwood Shores: 13 days
- San Carlos: 17 days
- Sunnyvale: 22 days
Slowest
All 23 cities
October to December 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 | $909,500 | -3.1% | +0.6% | 45 | 34.1% | $594,500 |
| San Jose | $1,099,000 | -0.1% | +0.8% | 41 | 35.2% | $615,000 |
| Santa Clara | $1,330,000 | +2.3% | +4.3% | 35 | 44.2% | $650,000 |
| Campbell | $1,380,000 | +1.1% | -1.1% | 45 | 31.3% | $612,000 |
| San Mateo | $1,414,000 | -5.7% | -2.5% | 29 | 55.9% | $738,500 |
| Redwood City | $1,550,000 | -5.8% | -1.6% | 26 | 56.0% | $1,100,000 |
| Foster City | $1,700,000 | +6.3% | +0.9% | 28 | 42.2% | $885,000 |
| Sunnyvale | $1,700,000 | -2.9% | +0.1% | 22 | 50.9% | $949,000 |
| Belmont | $1,787,500 | +2.1% | +0.7% | 32 | 59.5% | $1,288,460 |
| San Carlos | $1,805,000 | -7.4% | -3.0% | 17 | 49.2% | $1,027,000 |
| Redwood Shores | $1,972,500 | -4.3% | -0.4% | 13 | 67.3% | $1,050,000 |
| Mountain View | $2,200,000 | +4.8% | +5.8% | 32 | 50.6% | $967,500 |
| Cupertino | $2,250,000 | -4.8% | +3.2% | 36 | 45.2% | $1,170,000 |
| Los Gatos | $2,275,000 | +0.9% | -1.5% | 49 | 19.0% | $695,000 |
| Menlo Park | $2,312,500 | -4.2% | -2.6% | 30 | 35.1% | $1,110,000 |
| Monte Sereno | $2,625,000 | -19.2% | -17.1% | 57 | 21.1% | n/a |
| Saratoga | $2,650,000 | -3.1% | +1.2% | 48 | 25.5% | $1,088,000 |
| Woodside | $2,712,500 | -66.5% | -9.6% | 50 | 24.0% | n/a |
| Portola Valley | $2,717,500 | -27.1% | -26.8% | 61 | 8.3% | n/a |
| Palo Alto | $3,150,000 | +6.8% | +2.3% | 40 | 44.6% | $1,463,000 |
| Los Altos | $3,295,000 | -5.9% | -0.2% | 32 | 36.8% | $1,619,444 |
| Los Altos Hills | $3,495,000 | -32.8% | -11.0% | 50 | 6.7% | n/a |
| Atherton | $5,875,000 | -14.7% | -2.1% | 50 | 26.9% | n/a |
Source: Redfin Data Center, rolling three-month figures for October to December 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 October to December 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: Palo Alto (up 6.8%), Foster City (up 6.3%), Mountain View (up 4.8%), compared with a year earlier.
Where do homes sell the fastest?
Redwood Shores (13 days), San Carlos (17 days), Sunnyvale (22 days), by median days on market for single-family homes from October to December 2019.