Bay Area housing market, April 2020
By Sean Rossiter. Redfin data for February to April 2020
From February to April 2020, the single-family median sale price rose from a year earlier in 11 of 23 cities and fell in 12. 3,621 homes sold across all 23 cities, and 65.0% sold above list price. Medians ran from $920,000 in East Palo Alto to $7,050,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Sunnyvale: up 11.9% to $1,957,500
- San Jose: up 11.8% to $1,230,000
- San Carlos: up 10.8% to $2,210,000
Down the most
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Belmont: 9 days
- Mountain View: 9 days
- Santa Clara: 11 days
Slowest
- Los Altos Hills: 49 days
- Menlo Park: 24 days
- Los Gatos: 23 days
All 23 cities
February to April 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 | $920,000 | -11.5% | -1.6% | 50 | 37.5% | n/a |
| San Jose | $1,230,000 | +11.8% | +2.5% | 17 | 67.4% | $632,000 |
| Campbell | $1,468,250 | +0.2% | +4.4% | 16 | 66.0% | $746,250 |
| Santa Clara | $1,495,000 | +7.9% | +3.1% | 11 | 74.0% | $770,000 |
| San Mateo | $1,630,000 | +6.9% | +1.8% | 15 | 74.4% | $810,000 |
| Redwood City | $1,630,000 | -0.3% | -4.8% | 20 | 56.5% | $1,030,000 |
| Belmont | $1,850,000 | +6.3% | +3.6% | 9 | 67.9% | $1,088,000 |
| Foster City | $1,950,000 | +8.0% | +0.0% | 13 | 67.7% | $1,130,880 |
| Sunnyvale | $1,957,500 | +11.9% | +0.8% | 14 | 71.3% | $1,056,000 |
| Redwood Shores | $2,150,000 | +26.5% | -7.7% | 11 | 71.4% | $1,217,500 |
| Mountain View | $2,150,000 | -2.3% | -0.2% | 9 | 70.9% | $1,012,500 |
| San Carlos | $2,210,000 | +10.8% | +2.6% | 17 | 53.5% | $1,304,500 |
| Cupertino | $2,221,500 | -4.3% | -7.4% | 12 | 63.4% | $1,162,500 |
| Los Gatos | $2,400,000 | -3.6% | +5.5% | 23 | 61.3% | $1,200,000 |
| Saratoga | $2,595,000 | -16.3% | -2.6% | 20 | 53.2% | $830,000 |
| Monte Sereno | $2,675,000 | -10.8% | +29.7% | 33 | 45.5% | n/a |
| Menlo Park | $2,810,750 | +7.1% | +4.1% | 24 | 34.3% | $1,096,000 |
| Palo Alto | $3,100,000 | +3.9% | -3.1% | 15 | 64.2% | $1,550,000 |
| Los Altos | $3,160,000 | -2.8% | -0.3% | 13 | 66.7% | $1,662,500 |
| Portola Valley | $3,350,000 | -40.7% | -7.6% | 156 | 9.1% | n/a |
| Woodside | $3,700,000 | -11.9% | +0.0% | 109 | 10.5% | n/a |
| Los Altos Hills | $4,775,000 | -3.4% | -1.5% | 49 | 16.7% | n/a |
| Atherton | $7,050,000 | -0.7% | -1.7% | 46 | 10.5% | n/a |
Source: Redfin Data Center, rolling three-month figures for February to April 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, no. From February to April 2020, the single-family median sale price rose from a year earlier in 11 of 23 cities and fell in 12.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Sunnyvale (up 11.9%), San Jose (up 11.8%), San Carlos (up 10.8%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (9 days), Mountain View (9 days), Santa Clara (11 days), by median days on market for single-family homes from February to April 2020.