Bay Area housing market, April 2023
By Sean Rossiter. Redfin data for February to April 2023
From February to April 2023, the single-family median sale price rose from a year earlier in 3 of 23 cities and fell in 20. 2,559 homes sold across all 23 cities, and 54.5% sold above list price. Medians ran from $936,000 in East Palo Alto to $10,125,000 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 21.1% to $3,815,000
- Saratoga: down 2.5% to $3,805,000
- Mountain View: down 4.6% to $2,685,000
Down the most
- San Carlos: down 25.0% to $2,250,000
- San Mateo: down 23.1% to $1,691,500
- Redwood City: down 20.8% to $1,920,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Campbell: 8 days
- Cupertino: 9 days
- Santa Clara: 9 days
Slowest
- Redwood City: 18 days
- Menlo Park: 16 days
- Mountain View: 14 days
All 23 cities
February to April 2023. 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 | $936,000 | -12.9% | -2.6% | 11 | 55.0% | $759,500 |
| San Jose | $1,470,000 | -14.8% | +5.0% | 10 | 58.9% | $710,000 |
| Santa Clara | $1,680,000 | -12.5% | +6.3% | 9 | 61.8% | $801,500 |
| San Mateo | $1,691,500 | -23.1% | +2.1% | 14 | 42.6% | $889,750 |
| Campbell | $1,911,000 | -11.5% | +9.5% | 8 | 55.3% | $727,500 |
| Redwood City | $1,920,000 | -20.8% | +0.4% | 18 | 44.5% | $1,280,000 |
| Sunnyvale | $2,205,750 | -14.5% | +0.3% | 10 | 67.3% | $980,500 |
| San Carlos | $2,250,000 | -25.0% | +3.0% | 13 | 55.7% | $990,000 |
| Belmont | $2,300,000 | -11.5% | +16.5% | 11 | 45.5% | $890,000 |
| Redwood Shores | $2,365,000 | -6.2% | +0.2% | 9 | 56.5% | $1,280,000 |
| Foster City | $2,450,000 | -7.7% | +8.9% | 12 | 48.1% | $1,010,000 |
| Los Gatos | $2,680,000 | -18.2% | -0.7% | 12 | 54.5% | $699,000 |
| Mountain View | $2,685,000 | -4.6% | +3.4% | 14 | 51.6% | $900,000 |
| Cupertino | $2,800,000 | -15.4% | +3.3% | 9 | 67.7% | $1,030,000 |
| Monte Sereno | $3,000,000 | -29.4% | -7.7% | 9 | 44.4% | n/a |
| Palo Alto | $3,275,000 | -20.1% | -4.4% | 12 | 42.4% | $1,121,000 |
| Saratoga | $3,805,000 | -2.5% | -1.3% | 13 | 41.5% | $910,000 |
| Menlo Park | $3,815,000 | +21.1% | +0.9% | 16 | 18.8% | $1,175,000 |
| Portola Valley | $3,900,000 | -55.4% | +2.6% | 45 | 20.0% | n/a |
| Los Altos | $4,060,000 | -9.8% | -1.9% | 10 | 43.2% | $1,642,500 |
| Woodside | $4,800,000 | +15.5% | +31.2% | 27 | 18.2% | n/a |
| Los Altos Hills | $4,950,000 | -14.4% | +4.2% | 14 | 41.7% | n/a |
| Atherton | $10,125,000 | +35.0% | -3.6% | 32 | 5.6% | n/a |
Source: Redfin Data Center, rolling three-month figures for February to April 2023. "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 February to April 2023, the single-family median sale price rose from a year earlier in 3 of 23 cities and fell in 20.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 21.1%), Saratoga (down 2.5%), Mountain View (down 4.6%), compared with a year earlier.
Where do homes sell the fastest?
Campbell (8 days), Cupertino (9 days), Santa Clara (9 days), by median days on market for single-family homes from February to April 2023.