Bay Area housing market, February 2020
By Sean Rossiter. Redfin data for December to February 2020
From December to February 2020, the single-family median sale price rose from a year earlier in 13 of 23 cities and fell in 10. 3,457 homes sold across all 23 cities, and 45.0% sold above list price. Medians ran from $957,500 in East Palo Alto to $5,947,500 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 23.1% to $3,200,000
- Menlo Park: up 13.6% to $2,750,000
- Belmont: up 10.4% to $1,810,000
Down the most
- Atherton: down 11.6% to $5,947,500
- Los Gatos: down 10.7% to $2,205,000
- San Carlos: down 4.8% to $1,750,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 12 days
- Sunnyvale: 23 days
- Mountain View: 26 days
Slowest
- East Palo Alto: 68 days
- Saratoga: 56 days
- Los Gatos: 48 days
All 23 cities
December to February 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 | $957,500 | +2.1% | +3.5% | 68 | 37.1% | $510,000 |
| San Jose | $1,125,000 | +7.1% | +2.5% | 33 | 47.1% | $588,000 |
| Campbell | $1,365,000 | +0.2% | +1.1% | 36 | 41.0% | $646,500 |
| Santa Clara | $1,422,500 | +9.3% | +2.6% | 30 | 49.7% | $681,000 |
| San Mateo | $1,425,000 | +5.6% | -1.7% | 29 | 51.9% | $815,000 |
| Redwood City | $1,637,000 | +4.1% | -0.8% | 39 | 42.8% | $1,010,000 |
| San Carlos | $1,750,000 | -4.8% | +0.0% | 12 | 36.9% | $970,000 |
| Sunnyvale | $1,800,000 | +8.1% | +5.9% | 23 | 51.3% | $1,180,000 |
| Belmont | $1,810,000 | +10.4% | +3.4% | 41 | 54.1% | $1,014,975 |
| Foster City | $1,950,000 | +10.6% | +11.7% | 35 | 47.1% | $897,500 |
| Monte Sereno | $2,100,000 | -29.1% | -19.2% | 36 | 27.3% | n/a |
| Mountain View | $2,106,000 | -2.9% | -0.2% | 26 | 55.0% | $975,000 |
| Redwood Shores | $2,132,500 | +25.4% | -0.8% | 51 | 45.0% | $1,100,000 |
| Los Gatos | $2,205,000 | -10.7% | -0.9% | 48 | 36.1% | $675,000 |
| Cupertino | $2,260,000 | -4.2% | +0.2% | 36 | 42.2% | $1,225,000 |
| Woodside | $2,700,000 | -57.1% | -0.2% | 111 | 11.1% | n/a |
| Saratoga | $2,738,750 | +7.0% | +4.2% | 56 | 24.7% | $1,030,000 |
| Menlo Park | $2,750,000 | +13.6% | +1.9% | 42 | 19.5% | $1,105,000 |
| Los Altos | $3,170,000 | -0.9% | -3.8% | 31 | 35.1% | $1,550,000 |
| Los Altos Hills | $3,187,500 | -33.6% | -2.7% | 100 | 5.6% | n/a |
| Palo Alto | $3,200,000 | +23.1% | +1.6% | 47 | 48.6% | $1,354,000 |
| Portola Valley | $3,205,000 | -26.3% | +4.7% | 95 | 10.0% | n/a |
| Atherton | $5,947,500 | -11.6% | +12.6% | 42 | 22.7% | n/a |
Source: Redfin Data Center, rolling three-month figures for December to February 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 December to February 2020, the single-family median sale price rose from a year earlier in 13 of 23 cities and fell in 10.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Palo Alto (up 23.1%), Menlo Park (up 13.6%), Belmont (up 10.4%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (12 days), Sunnyvale (23 days), Mountain View (26 days), by median days on market for single-family homes from December to February 2020.