Bay Area housing market, September 2022
By Sean Rossiter. Redfin data for July to September 2022
From July to September 2022, the single-family median sale price rose from a year earlier in 11 of 23 cities and fell in 12. 3,629 homes sold across all 23 cities, and 44.4% sold above list price. Medians ran from $970,000 in East Palo Alto to $7,000,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Saratoga: up 5.2% to $3,765,000
- Redwood City: up 4.3% to $2,065,000
- Belmont: up 4.2% to $2,322,500
Down the most
- Menlo Park: down 12.2% to $2,600,000
- Los Altos: down 7.4% to $3,862,500
- San Carlos: down 5.8% to $2,325,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Redwood City: 13 days
- Foster City: 14 days
- Los Altos: 14 days
Slowest
- Saratoga: 27 days
- Menlo Park: 27 days
- Los Gatos: 26 days
All 23 cities
July to September 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 | $970,000 | -9.8% | -10.9% | 33 | 50.0% | $800,000 |
| San Jose | $1,425,000 | +0.6% | -4.4% | 25 | 42.9% | $703,500 |
| Santa Clara | $1,650,000 | +1.4% | -5.7% | 18 | 46.5% | $700,000 |
| Campbell | $1,712,500 | +2.8% | -2.3% | 21 | 48.0% | $800,000 |
| San Mateo | $1,775,000 | -1.4% | -9.4% | 16 | 44.7% | $730,000 |
| Redwood City | $2,065,000 | +4.3% | -0.9% | 13 | 54.1% | $831,000 |
| Sunnyvale | $2,150,000 | -4.4% | -7.1% | 19 | 47.1% | $900,000 |
| Foster City | $2,230,000 | +2.5% | -1.8% | 14 | 60.3% | $1,015,000 |
| Belmont | $2,322,500 | +4.2% | -0.1% | 21 | 48.6% | $600,000 |
| San Carlos | $2,325,000 | -5.8% | +0.0% | 21 | 46.9% | $916,000 |
| Redwood Shores | $2,419,000 | +1.0% | +0.8% | 10 | 45.2% | $878,500 |
| Mountain View | $2,460,000 | -4.5% | -1.6% | 14 | 54.0% | $872,500 |
| Los Gatos | $2,590,000 | +2.6% | -9.8% | 26 | 39.3% | $995,000 |
| Menlo Park | $2,600,000 | -12.2% | -8.0% | 27 | 36.2% | $1,304,000 |
| Cupertino | $2,730,000 | -5.6% | -2.5% | 18 | 40.4% | $1,155,000 |
| Palo Alto | $3,318,750 | -5.2% | -2.7% | 15 | 45.6% | $1,250,000 |
| Portola Valley | $3,500,000 | -16.2% | -1.4% | 19 | 33.3% | n/a |
| Monte Sereno | $3,640,000 | +4.0% | -7.0% | 33 | 50.0% | n/a |
| Saratoga | $3,765,000 | +5.2% | +0.4% | 27 | 31.3% | $1,100,500 |
| Los Altos | $3,862,500 | -7.4% | -3.4% | 14 | 44.3% | $1,947,500 |
| Los Altos Hills | $4,390,000 | -17.2% | -20.2% | 37 | 18.8% | n/a |
| Woodside | $5,337,500 | +17.3% | -6.4% | 34 | 18.8% | n/a |
| Atherton | $7,000,000 | -19.1% | +0.0% | 13 | 29.4% | n/a |
Source: Redfin Data Center, rolling three-month figures for July to September 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, no. From July to September 2022, the single-family median sale price rose from a year earlier in 11 of 23 cities and fell in 12.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Saratoga (up 5.2%), Redwood City (up 4.3%), Belmont (up 4.2%), compared with a year earlier.
Where do homes sell the fastest?
Redwood City (13 days), Foster City (14 days), Los Altos (14 days), by median days on market for single-family homes from July to September 2022.