Bay Area housing market, August 2020
By Sean Rossiter. Redfin data for June to August 2020
From June to August 2020, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 3. 5,165 homes sold across all 23 cities, and 49.7% sold above list price. Medians ran from $940,000 in East Palo Alto to $6,335,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 39.1% to $3,150,000
- Monte Sereno: up 17.0% to $3,875,000
- Atherton: up 16.8% to $6,335,000
Down the most
- East Palo Alto: down 5.0% to $940,000
- Palo Alto: down 3.0% to $3,000,000
- Los Gatos: up 0.4% to $2,310,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Cupertino: 15 days
- Menlo Park: 16 days
- Sunnyvale: 17 days
Slowest
- Monte Sereno: 44 days
- Los Gatos: 41 days
- East Palo Alto: 38 days
All 23 cities
June to August 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 | $940,000 | -5.0% | +0.0% | 38 | 41.2% | $842,000 |
| San Jose | $1,215,000 | +9.9% | +1.3% | 29 | 52.8% | $642,000 |
| Campbell | $1,425,000 | +1.4% | -0.9% | 35 | 48.5% | $680,000 |
| Santa Clara | $1,480,000 | +9.6% | +4.2% | 20 | 56.9% | $760,000 |
| San Mateo | $1,652,000 | +6.6% | +3.2% | 33 | 46.8% | $842,000 |
| Redwood City | $1,742,500 | +6.1% | +2.0% | 19 | 51.5% | $950,000 |
| Sunnyvale | $1,903,000 | +9.7% | -0.4% | 17 | 52.8% | $880,000 |
| Belmont | $1,920,000 | +12.9% | +2.2% | 21 | 55.0% | $1,024,000 |
| Foster City | $1,960,000 | +3.2% | +3.2% | 29 | 54.8% | $960,000 |
| San Carlos | $2,100,000 | +2.4% | +0.0% | 22 | 44.5% | $1,149,500 |
| Redwood Shores | $2,105,000 | +12.2% | -5.1% | 11 | 65.3% | $947,250 |
| Cupertino | $2,290,000 | +1.4% | +1.8% | 15 | 55.5% | $1,120,000 |
| Los Gatos | $2,310,000 | +0.4% | +0.4% | 41 | 40.2% | $940,000 |
| Mountain View | $2,337,500 | +11.3% | +6.3% | 24 | 48.9% | $830,000 |
| Saratoga | $2,880,000 | +0.5% | +0.3% | 23 | 48.3% | $946,500 |
| Palo Alto | $3,000,000 | -3.0% | +3.0% | 23 | 32.2% | $1,275,000 |
| Menlo Park | $3,150,000 | +39.1% | +1.2% | 16 | 37.3% | $1,255,000 |
| Los Altos | $3,264,500 | +1.2% | +2.7% | 19 | 44.0% | $1,410,000 |
| Woodside | $3,300,000 | -2.9% | -18.0% | 98 | 10.5% | n/a |
| Monte Sereno | $3,875,000 | +17.0% | +8.3% | 44 | 33.3% | n/a |
| Los Altos Hills | $4,050,000 | +5.2% | +3.6% | 36 | 39.0% | n/a |
| Portola Valley | $4,300,000 | +9.2% | +0.0% | 29 | 19.5% | n/a |
| Atherton | $6,335,000 | +16.8% | -6.6% | 25 | 13.3% | n/a |
Source: Redfin Data Center, rolling three-month figures for June to August 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 June to August 2020, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 3.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 39.1%), Monte Sereno (up 17.0%), Atherton (up 16.8%), compared with a year earlier.
Where do homes sell the fastest?
Cupertino (15 days), Menlo Park (16 days), Sunnyvale (17 days), by median days on market for single-family homes from June to August 2020.