Bay Area housing market, July 2022
By Sean Rossiter. Redfin data for May to July 2022
From May to July 2022, the single-family median sale price rose from a year earlier in 21 of 23 cities and fell in 2. 4,176 homes sold across all 23 cities, and 70.9% sold above list price. Medians ran from $1,237,500 in East Palo Alto to $7,558,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 22.8% to $3,500,000
- East Palo Alto: up 20.7% to $1,237,500
- Campbell: up 20.3% to $2,100,000
Down the most
- Atherton: down 8.4% to $7,558,000
- Mountain View: down 2.7% to $2,453,000
- Foster City: up 0.6% to $2,364,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Los Altos: 9 days
- Sunnyvale: 9 days
- San Carlos: 10 days
Slowest
- East Palo Alto: 22 days
- Campbell: 16 days
- Mountain View: 14 days
All 23 cities
May to July 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 | $1,237,500 | +20.7% | +2.3% | 22 | 71.0% | $610,000 |
| San Jose | $1,600,000 | +10.3% | -5.0% | 12 | 72.0% | $725,000 |
| Santa Clara | $1,808,000 | +8.9% | -5.3% | 10 | 73.5% | $772,500 |
| San Mateo | $2,018,000 | +10.3% | -8.3% | 12 | 65.1% | $829,000 |
| Campbell | $2,100,000 | +20.3% | -4.7% | 16 | 70.9% | $796,000 |
| Redwood City | $2,160,000 | +4.1% | -4.0% | 10 | 76.5% | $900,000 |
| Foster City | $2,364,000 | +0.6% | -7.3% | 12 | 77.1% | $1,015,000 |
| Sunnyvale | $2,450,000 | +13.9% | -3.9% | 9 | 76.0% | $890,000 |
| Mountain View | $2,453,000 | -2.7% | -5.7% | 14 | 68.4% | $925,500 |
| Belmont | $2,515,000 | +9.3% | -3.3% | 13 | 78.6% | $951,500 |
| San Carlos | $2,630,000 | +5.2% | -12.3% | 10 | 72.3% | $1,075,000 |
| Redwood Shores | $2,725,000 | +15.5% | +8.1% | 11 | 77.5% | $910,000 |
| Cupertino | $3,071,000 | +8.8% | -0.9% | 10 | 61.0% | $1,198,000 |
| Los Gatos | $3,300,000 | +17.4% | -4.3% | 10 | 68.9% | $1,008,000 |
| Menlo Park | $3,500,000 | +22.8% | +7.7% | 10 | 57.1% | $1,450,000 |
| Palo Alto | $3,635,000 | +2.4% | -6.8% | 10 | 65.1% | $1,150,000 |
| Saratoga | $3,990,000 | +11.8% | -1.2% | 13 | 67.6% | $1,014,000 |
| Los Altos | $4,250,000 | +4.7% | -2.2% | 9 | 73.7% | $1,245,000 |
| Monte Sereno | $4,400,000 | +11.4% | +3.5% | 19 | 72.7% | n/a |
| Portola Valley | $4,700,000 | +26.7% | -31.1% | 32 | 30.0% | n/a |
| Woodside | $5,650,000 | +13.3% | +4.0% | 14 | 60.0% | n/a |
| Los Altos Hills | $6,000,000 | +12.6% | +0.0% | 10 | 44.4% | n/a |
| Atherton | $7,558,000 | -8.4% | +0.0% | 11 | 45.5% | n/a |
Source: Redfin Data Center, rolling three-month figures for May to July 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 May to July 2022, the single-family median sale price rose from a year earlier in 21 of 23 cities and fell in 2.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 22.8%), East Palo Alto (up 20.7%), Campbell (up 20.3%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Sunnyvale (9 days), San Carlos (10 days), by median days on market for single-family homes from May to July 2022.