Bay Area housing market, February 2021
By Sean Rossiter. Redfin data for December to February 2021
From December to February 2021, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5. 3,551 homes sold across all 23 cities, and 54.5% sold above list price. Medians ran from $935,000 in East Palo Alto to $6,050,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- San Carlos: up 22.9% to $2,151,000
- Saratoga: up 16.8% to $3,200,000
- Los Gatos: up 13.4% to $2,500,000
Down the most
- Menlo Park: down 9.1% to $2,475,000
- Palo Alto: down 5.0% to $3,040,000
- East Palo Alto: down 2.4% to $935,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
Slowest
- East Palo Alto: 41 days
- Menlo Park: 37 days
- Los Gatos: 32 days
All 23 cities
December to February 2021. 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 | $935,000 | -2.4% | +3.3% | 41 | 61.3% | $628,000 |
| San Jose | $1,250,000 | +11.1% | +0.7% | 12 | 61.5% | $636,500 |
| Santa Clara | $1,415,000 | -0.5% | +2.1% | 21 | 54.0% | $730,000 |
| Campbell | $1,530,000 | +12.1% | +8.9% | 13 | 59.3% | $775,000 |
| San Mateo | $1,550,000 | +8.8% | -4.6% | 14 | 42.5% | $745,000 |
| Redwood City | $1,782,500 | +8.9% | -1.5% | 20 | 43.8% | $950,000 |
| Sunnyvale | $1,835,000 | +1.9% | -1.1% | 17 | 56.5% | $900,000 |
| Foster City | $1,910,000 | -2.0% | +0.0% | 13 | 45.0% | $842,500 |
| Belmont | $1,969,000 | +8.8% | +3.6% | 11 | 69.2% | $927,500 |
| San Carlos | $2,151,000 | +22.9% | +2.4% | 13 | 50.0% | $1,027,500 |
| Mountain View | $2,260,000 | +6.5% | +3.8% | 28 | 41.0% | $980,000 |
| Cupertino | $2,321,000 | +2.7% | +0.9% | 8 | 71.0% | $1,380,000 |
| Redwood Shores | $2,390,000 | +12.1% | -2.4% | 11 | 63.6% | $1,250,000 |
| Menlo Park | $2,475,000 | -9.1% | +3.1% | 37 | 32.3% | $855,500 |
| Los Gatos | $2,500,000 | +13.4% | +13.6% | 32 | 42.7% | $610,000 |
| Palo Alto | $3,040,000 | -5.0% | +3.1% | 26 | 33.6% | $1,125,000 |
| Monte Sereno | $3,150,000 | +50.0% | -5.3% | 50 | 23.1% | n/a |
| Saratoga | $3,200,000 | +16.8% | +1.6% | 19 | 57.3% | $890,000 |
| Portola Valley | $3,475,000 | +8.4% | -6.4% | 34 | 12.5% | n/a |
| Los Altos | $3,580,000 | +12.9% | +0.3% | 9 | 51.7% | $1,265,000 |
| Woodside | $3,644,000 | +35.0% | +8.9% | 50 | 12.5% | n/a |
| Los Altos Hills | $4,205,000 | +31.9% | -1.7% | 23 | 26.3% | n/a |
| Atherton | $6,050,000 | +1.7% | +10.0% | 72 | 5.6% | n/a |
Source: Redfin Data Center, rolling three-month figures for December to February 2021. "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 December to February 2021, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5.
Where did prices rise the most?
Among cities with at least 20 single-family sales: San Carlos (up 22.9%), Saratoga (up 16.8%), Los Gatos (up 13.4%), compared with a year earlier.
Where do homes sell the fastest?
Cupertino (8 days), Los Altos (9 days), Belmont (11 days), by median days on market for single-family homes from December to February 2021.