Bay Area housing market, December 2020
By Sean Rossiter. Redfin data for October to December 2020
From October to December 2020, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 4. 4,638 homes sold across all 23 cities, and 52.7% sold above list price. Medians ran from $858,000 in East Palo Alto to $5,500,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Woodside: up 60.4% to $4,350,000
- Los Altos Hills: up 24.5% to $4,350,000
- Monte Sereno: up 24.3% to $3,262,500
Down the most
- Atherton: down 6.4% to $5,500,000
- Palo Alto: down 6.3% to $2,950,000
- East Palo Alto: down 5.8% to $858,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Los Altos: 9 days
- Cupertino: 9 days
- San Carlos: 10 days
Slowest
- Woodside: 50 days
- Monte Sereno: 41 days
- Los Altos Hills: 38 days
All 23 cities
October to December 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 | $858,000 | -5.8% | +0.6% | 29 | 56.3% | $880,000 |
| San Jose | $1,255,000 | +14.2% | -0.4% | 13 | 58.3% | $640,000 |
| Santa Clara | $1,399,500 | +5.2% | +0.0% | 16 | 50.5% | $762,500 |
| Campbell | $1,500,000 | +8.7% | -0.3% | 14 | 44.3% | $615,000 |
| San Mateo | $1,597,455 | +13.2% | -1.7% | 17 | 43.2% | $772,000 |
| Redwood City | $1,812,500 | +16.9% | -0.7% | 20 | 42.1% | $915,000 |
| Sunnyvale | $1,890,000 | +11.2% | -3.1% | 11 | 59.2% | $865,000 |
| Belmont | $1,900,000 | +6.3% | -2.6% | 11 | 62.7% | $800,000 |
| Foster City | $1,925,000 | +13.2% | +0.0% | 12 | 55.1% | $874,444 |
| San Carlos | $2,100,000 | +16.3% | +1.2% | 10 | 45.3% | $1,127,500 |
| Mountain View | $2,200,000 | +0.0% | +1.1% | 12 | 42.1% | $988,500 |
| Redwood Shores | $2,205,000 | +11.8% | -3.3% | 12 | 61.5% | $957,500 |
| Los Gatos | $2,275,000 | -1.1% | +3.6% | 21 | 47.4% | $1,055,000 |
| Cupertino | $2,374,500 | +5.5% | +2.7% | 9 | 61.0% | $1,135,000 |
| Menlo Park | $2,625,500 | +13.5% | -1.0% | 23 | 34.2% | $1,365,000 |
| Palo Alto | $2,950,000 | -6.3% | -0.7% | 15 | 41.5% | $1,120,000 |
| Saratoga | $3,225,000 | +21.7% | +0.3% | 14 | 60.0% | $1,046,000 |
| Monte Sereno | $3,262,500 | +24.3% | +4.9% | 41 | 30.0% | n/a |
| Los Altos | $3,500,000 | +6.2% | +0.0% | 9 | 47.1% | $1,450,000 |
| Portola Valley | $3,925,000 | +44.4% | -4.3% | 47 | 6.7% | n/a |
| Woodside | $4,350,000 | +60.4% | -5.3% | 50 | 23.8% | n/a |
| Los Altos Hills | $4,350,000 | +24.5% | -8.9% | 38 | 27.6% | n/a |
| Atherton | $5,500,000 | -6.4% | -15.6% | 38 | 20.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for October to December 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 October to December 2020, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 4.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Woodside (up 60.4%), Los Altos Hills (up 24.5%), Monte Sereno (up 24.3%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Cupertino (9 days), San Carlos (10 days), by median days on market for single-family homes from October to December 2020.