Bay Area housing market, March 2020
By Sean Rossiter. Redfin data for January to March 2020
From January to March 2020, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 7. 3,448 homes sold across all 23 cities, and 58.5% sold above list price. Medians ran from $935,000 in East Palo Alto to $7,175,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
Down the most
- Mountain View: down 13.8% to $2,155,000
- Los Gatos: down 6.6% to $2,275,000
- Los Altos: down 5.7% to $3,170,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Cupertino: 11 days
- Mountain View: 12 days
- Foster City: 13 days
Slowest
- East Palo Alto: 80 days
- Atherton: 53 days
- Saratoga: 48 days
All 23 cities
January to March 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 | $935,000 | -4.6% | -2.3% | 80 | 37.5% | $510,000 |
| San Jose | $1,200,000 | +12.2% | +6.7% | 23 | 61.9% | $600,000 |
| Campbell | $1,407,000 | -4.0% | +3.1% | 31 | 57.3% | $733,125 |
| Santa Clara | $1,450,000 | +5.7% | +1.9% | 13 | 65.5% | $780,000 |
| San Mateo | $1,601,500 | +16.1% | +12.4% | 16 | 64.2% | $820,000 |
| Redwood City | $1,712,500 | +7.2% | +4.6% | 27 | 54.6% | $1,080,000 |
| Belmont | $1,785,000 | +8.8% | -1.4% | 28 | 50.0% | $1,014,975 |
| Sunnyvale | $1,942,000 | +13.9% | +7.9% | 17 | 63.1% | $1,079,500 |
| Foster City | $1,950,000 | +11.4% | +0.0% | 13 | 67.9% | $967,000 |
| Monte Sereno | $2,062,500 | -25.7% | -1.8% | 24 | 33.3% | n/a |
| San Carlos | $2,155,000 | +12.8% | +23.1% | 14 | 49.0% | $1,166,000 |
| Mountain View | $2,155,000 | -13.8% | +2.3% | 12 | 67.2% | $925,000 |
| Los Gatos | $2,275,000 | -6.6% | +3.2% | 36 | 54.5% | $1,200,000 |
| Redwood Shores | $2,330,000 | +38.9% | +9.3% | 36 | 51.5% | $1,152,250 |
| Cupertino | $2,400,000 | +5.5% | +6.2% | 11 | 57.8% | $1,165,000 |
| Saratoga | $2,663,750 | +1.5% | -2.7% | 48 | 35.4% | $905,000 |
| Menlo Park | $2,700,000 | +9.8% | -1.8% | 31 | 30.6% | $1,000,000 |
| Los Altos | $3,170,000 | -5.7% | +0.0% | 16 | 60.4% | $1,517,500 |
| Palo Alto | $3,200,000 | +15.3% | +0.0% | 32 | 54.9% | $1,550,000 |
| Portola Valley | $3,625,000 | -46.1% | +13.1% | 125 | 8.3% | n/a |
| Woodside | $3,700,000 | +2.1% | +37.0% | 100 | 10.5% | n/a |
| Los Altos Hills | $4,850,000 | +13.4% | +52.2% | 65 | 11.1% | n/a |
| Atherton | $7,175,000 | +14.8% | +20.6% | 53 | 12.5% | n/a |
Source: Redfin Data Center, rolling three-month figures for January to March 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 January to March 2020, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 7.
Where did prices rise the most?
Among cities with at least 20 single-family sales: San Mateo (up 16.1%), Palo Alto (up 15.3%), Atherton (up 14.8%), compared with a year earlier.
Where do homes sell the fastest?
Cupertino (11 days), Mountain View (12 days), Foster City (13 days), by median days on market for single-family homes from January to March 2020.