Bay Area housing market, January 2020
By Sean Rossiter. Redfin data for November to January 2020
From November to January 2020, the single-family median sale price rose from a year earlier in 13 of 23 cities and fell in 9. 4,031 homes sold across all 23 cities, and 40.5% sold above list price. Medians ran from $925,000 in East Palo Alto to $5,280,000 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 15.1% to $3,150,000
- Santa Clara: up 8.3% to $1,386,500
- Menlo Park: up 5.9% to $2,700,000
Down the most
- Woodside: down 81.0% to $2,706,250
- San Carlos: down 2.8% to $1,750,000
- Los Gatos: down 2.3% to $2,225,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 14 days
- Sunnyvale: 22 days
- Redwood City: 32 days
Slowest
- Saratoga: 56 days
- East Palo Alto: 55 days
- Woodside: 52 days
All 23 cities
November to January 2020. 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 | $925,000 | +1.8% | +1.7% | 55 | 35.9% | $564,500 |
| San Jose | $1,098,000 | +4.3% | -0.1% | 40 | 39.3% | $601,000 |
| Campbell | $1,350,000 | +0.0% | -2.2% | 45 | 28.3% | $646,500 |
| Santa Clara | $1,386,500 | +8.3% | +4.2% | 34 | 48.3% | $740,500 |
| San Mateo | $1,450,000 | -1.8% | +2.5% | 33 | 48.7% | $825,000 |
| Redwood City | $1,650,000 | +2.5% | +6.5% | 32 | 49.7% | $1,080,000 |
| Sunnyvale | $1,700,000 | -0.6% | +0.0% | 22 | 50.5% | $918,500 |
| Foster City | $1,746,250 | +9.8% | +2.7% | 39 | 41.7% | $910,000 |
| Belmont | $1,750,000 | +1.9% | -2.1% | 35 | 56.0% | $1,268,000 |
| San Carlos | $1,750,000 | -2.8% | -3.0% | 14 | 38.5% | $968,000 |
| Mountain View | $2,110,000 | +0.5% | -4.1% | 40 | 48.9% | $925,000 |
| Redwood Shores | $2,150,000 | +12.3% | +9.0% | 22 | 55.3% | $950,000 |
| Los Gatos | $2,225,000 | -2.3% | -2.2% | 49 | 24.2% | $680,000 |
| Cupertino | $2,255,000 | +0.2% | +0.2% | 38 | 46.2% | $1,170,000 |
| Monte Sereno | $2,600,000 | -10.0% | -1.0% | 43 | 25.0% | n/a |
| Saratoga | $2,627,500 | +2.6% | -0.8% | 56 | 22.6% | $1,059,000 |
| Menlo Park | $2,700,000 | +5.9% | +16.8% | 35 | 30.3% | $1,000,000 |
| Woodside | $2,706,250 | -81.0% | -0.2% | 52 | 17.4% | n/a |
| Portola Valley | $3,060,000 | -11.4% | +12.6% | 87 | 0.0% | n/a |
| Palo Alto | $3,150,000 | +15.1% | +0.0% | 46 | 42.1% | $1,461,000 |
| Los Altos Hills | $3,275,000 | -33.2% | -6.3% | 65 | 5.3% | n/a |
| Los Altos | $3,295,000 | +1.4% | +0.0% | 41 | 31.2% | $1,550,000 |
| Atherton | $5,280,000 | -21.8% | -10.1% | 50 | 22.2% | n/a |
Source: Redfin Data Center, rolling three-month figures for November to January 2020. "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, yes. From November to January 2020, the single-family median sale price rose from a year earlier in 13 of 23 cities and fell in 9.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Palo Alto (up 15.1%), Santa Clara (up 8.3%), Menlo Park (up 5.9%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (14 days), Sunnyvale (22 days), Redwood City (32 days), by median days on market for single-family homes from November to January 2020.