Bay Area housing market, March 2022
By Sean Rossiter. Redfin data for January to March 2022
From January to March 2022, the single-family median sale price rose from a year earlier in 22 of 23 cities and fell in 1. 3,487 homes sold across all 23 cities, and 84.2% sold above list price. Medians ran from $1,170,000 in East Palo Alto to $10,000,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Mountain View: up 44.1% to $3,155,000
- Redwood City: up 34.4% to $2,500,000
- Cupertino: up 32.8% to $3,400,000
Down the most
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Mateo: 8 days
- Belmont: 8 days
- San Carlos: 8 days
Slowest
- East Palo Alto: 24 days
- Los Altos: 9 days
- Palo Alto: 9 days
All 23 cities
January to March 2022. 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 | $1,170,000 | +19.7% | +14.7% | 24 | 65.6% | $760,000 |
| San Jose | $1,658,000 | +27.3% | +7.0% | 8 | 86.9% | $715,000 |
| San Mateo | $1,945,000 | +15.1% | +9.3% | 8 | 71.8% | $850,000 |
| Santa Clara | $1,970,000 | +27.1% | +4.5% | 8 | 88.5% | $788,250 |
| Campbell | $2,050,000 | +24.2% | +1.9% | 8 | 88.3% | $664,000 |
| Redwood City | $2,500,000 | +34.4% | +22.9% | 8 | 86.1% | $952,000 |
| Sunnyvale | $2,501,000 | +25.8% | +1.7% | 8 | 86.2% | $958,500 |
| Belmont | $2,525,000 | +30.1% | +0.0% | 8 | 92.5% | $875,000 |
| Foster City | $2,610,000 | +24.6% | +8.6% | 9 | 84.6% | $980,000 |
| San Carlos | $2,694,000 | +26.8% | +4.0% | 8 | 83.3% | $962,500 |
| Los Gatos | $2,925,500 | +17.0% | +0.8% | 8 | 80.0% | $1,298,000 |
| Redwood Shores | $2,944,000 | +25.0% | -0.5% | 9 | 89.3% | $981,500 |
| Mountain View | $3,155,000 | +44.1% | +17.2% | 8 | 81.8% | $885,000 |
| Woodside | $3,400,000 | -17.6% | -20.7% | 23 | 58.3% | n/a |
| Menlo Park | $3,400,000 | +32.5% | +25.2% | 9 | 67.6% | $1,335,000 |
| Cupertino | $3,400,000 | +32.8% | +7.1% | 8 | 88.1% | $1,137,000 |
| Saratoga | $3,888,000 | +16.7% | -0.1% | 8 | 88.0% | $912,500 |
| Palo Alto | $4,100,000 | +26.1% | +1.7% | 9 | 75.0% | $1,370,000 |
| Los Altos | $4,500,000 | +16.0% | +4.3% | 9 | 86.4% | $1,249,888 |
| Monte Sereno | $4,500,000 | +35.3% | -11.3% | 10 | 69.2% | $2,270,000 |
| Los Altos Hills | $5,630,000 | +27.7% | +2.6% | 12 | 63.6% | n/a |
| Portola Valley | $6,800,000 | +93.0% | +8.4% | 10 | 42.9% | n/a |
| Atherton | $10,000,000 | +49.3% | +14.3% | 10 | 58.8% | n/a |
Source: Redfin Data Center, rolling three-month figures for January to March 2022. "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 January to March 2022, 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: Mountain View (up 44.1%), Redwood City (up 34.4%), Cupertino (up 32.8%), compared with a year earlier.
Where do homes sell the fastest?
San Mateo (8 days), Belmont (8 days), San Carlos (8 days), by median days on market for single-family homes from January to March 2022.