Bay Area housing market, December 2021
By Sean Rossiter. Redfin data for October to December 2021
From October to December 2021, the single-family median sale price rose from a year earlier in 22 of 23 cities and fell in 1. 4,822 homes sold across all 23 cities, and 71.7% sold above list price. Medians ran from $1,020,000 in East Palo Alto to $7,969,000 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
- Woodside: down 8.6% to $3,975,000
- Redwood City: up 10.3% to $2,000,000
- San Mateo: up 12.7% to $1,800,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Foster City: 8 days
- Belmont: 8 days
- San Carlos: 8 days
Slowest
- Woodside: 33 days
- East Palo Alto: 19 days
- Atherton: 14 days
All 23 cities
October to December 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 | $1,020,000 | +18.9% | -2.4% | 19 | 40.4% | $669,000 |
| San Jose | $1,450,750 | +15.6% | +1.5% | 9 | 75.5% | $689,000 |
| Santa Clara | $1,692,000 | +20.9% | +2.2% | 8 | 75.3% | $740,000 |
| Campbell | $1,787,500 | +19.2% | +5.1% | 9 | 79.5% | $649,000 |
| San Mateo | $1,800,000 | +12.7% | +0.0% | 11 | 67.5% | $798,000 |
| Redwood City | $2,000,000 | +10.3% | +0.0% | 11 | 65.3% | $925,000 |
| Foster City | $2,250,000 | +16.9% | +0.0% | 8 | 82.4% | $920,000 |
| Sunnyvale | $2,300,000 | +21.7% | -0.4% | 9 | 74.2% | $924,000 |
| Belmont | $2,476,500 | +30.3% | +5.4% | 8 | 79.5% | $890,000 |
| Mountain View | $2,500,000 | +13.6% | -0.2% | 8 | 65.7% | $940,000 |
| San Carlos | $2,603,250 | +24.0% | +4.7% | 8 | 72.6% | $995,000 |
| Los Gatos | $2,850,000 | +25.3% | +5.6% | 13 | 59.1% | $887,500 |
| Redwood Shores | $2,865,000 | +29.9% | +3.3% | 8 | 72.2% | $950,000 |
| Cupertino | $2,900,000 | +22.1% | +3.2% | 8 | 76.0% | $1,088,000 |
| Menlo Park | $3,010,000 | +14.6% | -12.1% | 10 | 53.7% | $1,320,000 |
| Palo Alto | $3,700,000 | +25.4% | +1.6% | 9 | 61.5% | $1,180,000 |
| Saratoga | $3,720,000 | +15.3% | +1.1% | 13 | 75.3% | $950,000 |
| Woodside | $3,975,000 | -8.6% | +7.8% | 33 | 33.3% | n/a |
| Los Altos | $4,450,000 | +27.1% | +2.7% | 9 | 67.3% | $1,380,000 |
| Monte Sereno | $4,610,500 | +41.3% | +15.3% | 12 | 56.3% | n/a |
| Los Altos Hills | $4,975,000 | +14.4% | -2.9% | 10 | 70.8% | n/a |
| Portola Valley | $5,260,000 | +34.0% | +20.2% | 14 | 47.1% | n/a |
| Atherton | $7,969,000 | +44.9% | -20.1% | 14 | 48.1% | n/a |
Source: Redfin Data Center, rolling three-month figures for October to December 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 October to December 2021, the single-family median sale price rose from a year earlier in 22 of 23 cities and fell in 1.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Atherton (up 44.9%), Belmont (up 30.3%), Los Altos (up 27.1%), compared with a year earlier.
Where do homes sell the fastest?
Foster City (8 days), Belmont (8 days), San Carlos (8 days), by median days on market for single-family homes from October to December 2021.