Bay Area housing market, May 2020
By Sean Rossiter. Redfin data for March to May 2020
From March to May 2020, the single-family median sale price rose from a year earlier in 12 of 23 cities and fell in 11. 3,531 homes sold across all 23 cities, and 61.9% sold above list price. Medians ran from $920,000 in East Palo Alto to $9,950,000 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
- Saratoga: down 12.4% to $2,500,000
- Los Altos: down 8.5% to $3,102,500
- Redwood City: down 8.3% to $1,650,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Belmont: 9 days
- Foster City: 11 days
- Santa Clara: 12 days
Slowest
- Los Altos Hills: 48 days
- Los Gatos: 28 days
- Menlo Park: 27 days
All 23 cities
March to May 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 | -11.6% | +0.0% | 58 | 27.3% | n/a |
| San Jose | $1,235,000 | +7.4% | +0.4% | 23 | 64.3% | $653,500 |
| Santa Clara | $1,454,000 | +2.2% | -2.7% | 12 | 72.0% | $792,000 |
| Campbell | $1,495,000 | +6.8% | +1.8% | 22 | 63.0% | $733,125 |
| San Mateo | $1,650,000 | +3.1% | +1.2% | 23 | 64.9% | $810,000 |
| Redwood City | $1,650,000 | -8.3% | +1.2% | 21 | 56.5% | $1,075,000 |
| Belmont | $1,850,000 | +0.3% | +0.0% | 9 | 66.1% | $1,088,000 |
| Foster City | $1,900,000 | +1.6% | -2.6% | 11 | 64.2% | $1,269,880 |
| Sunnyvale | $1,955,000 | +9.6% | -0.1% | 14 | 67.8% | $911,500 |
| Mountain View | $2,160,000 | -2.4% | +0.5% | 17 | 58.6% | $885,000 |
| Cupertino | $2,200,000 | -4.3% | -1.0% | 14 | 64.5% | $1,165,000 |
| San Carlos | $2,210,000 | +5.2% | +0.0% | 24 | 46.5% | $1,349,000 |
| Redwood Shores | $2,230,000 | +17.4% | +3.7% | 9 | 82.6% | $1,295,000 |
| Los Gatos | $2,255,000 | -7.6% | -6.0% | 28 | 57.6% | $1,200,000 |
| Saratoga | $2,500,000 | -12.4% | -3.7% | 24 | 53.6% | $830,000 |
| Menlo Park | $2,637,500 | +0.5% | -6.2% | 27 | 40.3% | $1,096,000 |
| Monte Sereno | $2,985,000 | -14.7% | +11.6% | 29 | 63.6% | n/a |
| Palo Alto | $3,005,000 | -6.2% | -3.1% | 22 | 58.8% | $1,240,000 |
| Los Altos | $3,102,500 | -8.5% | -1.8% | 14 | 60.3% | $1,375,000 |
| Portola Valley | $4,020,000 | +25.8% | +20.0% | 55 | 0.0% | n/a |
| Woodside | $4,205,000 | -4.4% | +13.6% | 24 | 14.3% | n/a |
| Los Altos Hills | $4,352,500 | -3.3% | -8.8% | 48 | 19.2% | n/a |
| Atherton | $9,950,000 | +10.6% | +41.1% | 88 | 7.1% | n/a |
Source: Redfin Data Center, rolling three-month figures for March to May 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 March to May 2020, the single-family median sale price rose from a year earlier in 12 of 23 cities and fell in 11.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Sunnyvale (up 9.6%), San Jose (up 7.4%), Campbell (up 6.8%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (9 days), Foster City (11 days), Santa Clara (12 days), by median days on market for single-family homes from March to May 2020.