Bay Area housing market, September 2020
By Sean Rossiter. Redfin data for July to September 2020
From July to September 2020, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 2. 5,532 homes sold across all 23 cities, and 51.4% sold above list price. Medians ran from $940,000 in East Palo Alto to $6,513,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Portola Valley: up 32.4% to $4,600,000
- Redwood Shores: up 18.8% to $2,229,000
- Atherton: up 18.0% to $6,513,000
Down the most
- East Palo Alto: down 4.1% to $940,000
- Monte Sereno: up 0.0% to $3,525,000
- Palo Alto: up 0.7% to $3,050,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Redwood Shores: 8 days
- Sunnyvale: 11 days
- Los Altos: 15 days
Slowest
- Atherton: 78 days
- Portola Valley: 53 days
- Monte Sereno: 40 days
All 23 cities
July to September 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 | -4.1% | +0.0% | 38 | 35.3% | $762,000 |
| San Jose | $1,240,000 | +12.8% | +2.1% | 27 | 54.9% | $650,000 |
| Campbell | $1,450,000 | +4.7% | +1.8% | 28 | 53.5% | $715,000 |
| Santa Clara | $1,460,000 | +12.3% | -1.4% | 20 | 55.7% | $760,000 |
| San Mateo | $1,652,000 | +10.5% | +0.0% | 28 | 48.1% | $853,000 |
| Redwood City | $1,850,000 | +10.6% | +6.2% | 18 | 52.7% | $1,070,000 |
| Foster City | $1,910,000 | +1.1% | -2.6% | 26 | 50.0% | $985,000 |
| Sunnyvale | $1,910,000 | +12.8% | +0.4% | 11 | 54.7% | $850,000 |
| Belmont | $1,920,000 | +9.7% | +0.0% | 24 | 57.4% | $850,000 |
| San Carlos | $2,094,000 | +8.8% | -0.3% | 20 | 47.2% | $1,150,000 |
| Redwood Shores | $2,229,000 | +18.8% | +5.9% | 8 | 62.7% | $1,255,000 |
| Los Gatos | $2,300,000 | +1.8% | -0.4% | 32 | 45.2% | $1,060,000 |
| Cupertino | $2,320,000 | +10.5% | +1.3% | 19 | 53.2% | $1,110,000 |
| Mountain View | $2,325,000 | +15.1% | -0.5% | 16 | 49.8% | $838,000 |
| Menlo Park | $2,779,500 | +13.1% | -11.8% | 26 | 36.2% | $1,255,000 |
| Saratoga | $2,974,000 | +16.7% | +3.3% | 25 | 53.2% | $965,000 |
| Palo Alto | $3,050,000 | +0.7% | +1.7% | 29 | 26.3% | $1,275,000 |
| Los Altos | $3,292,500 | +2.9% | +0.9% | 15 | 51.9% | $1,595,000 |
| Woodside | $3,350,000 | -1.5% | +1.5% | 96 | 11.1% | n/a |
| Monte Sereno | $3,525,000 | +0.0% | -9.0% | 40 | 35.7% | n/a |
| Los Altos Hills | $4,300,000 | +15.4% | +6.2% | 39 | 29.6% | n/a |
| Portola Valley | $4,600,000 | +32.4% | +7.0% | 53 | 18.8% | n/a |
| Atherton | $6,513,000 | +18.0% | +2.8% | 78 | 17.6% | n/a |
Source: Redfin Data Center, rolling three-month figures for July to September 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 July to September 2020, the single-family median sale price rose from a year earlier in 20 of 23 cities and fell in 2.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Portola Valley (up 32.4%), Redwood Shores (up 18.8%), Atherton (up 18.0%), compared with a year earlier.
Where do homes sell the fastest?
Redwood Shores (8 days), Sunnyvale (11 days), Los Altos (15 days), by median days on market for single-family homes from July to September 2020.