Bay Area housing market, June 2023
By Sean Rossiter. Redfin data for April to June 2023
From April to June 2023, the single-family median sale price rose from a year earlier in 0 of 23 cities and fell in 23. 3,424 homes sold across all 23 cities, and 63.8% sold above list price. Medians ran from $900,000 in East Palo Alto to $7,550,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Atherton: down 0.1% to $7,550,000
- Mountain View: down 1.0% to $2,575,000
- Saratoga: down 5.6% to $3,810,000
Down the most
- East Palo Alto: down 25.6% to $900,000
- San Carlos: down 23.0% to $2,310,000
- Los Gatos: down 17.4% to $2,850,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Foster City: 8 days
- Mountain View: 9 days
- Sunnyvale: 9 days
Slowest
- Atherton: 45 days
- Menlo Park: 15 days
- Palo Alto: 13 days
All 23 cities
April to June 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 | $900,000 | -25.6% | +1.7% | 13 | 67.9% | $780,000 |
| San Jose | $1,545,000 | -8.3% | +2.1% | 10 | 67.6% | $738,000 |
| Santa Clara | $1,700,000 | -11.0% | +1.1% | 9 | 73.6% | $736,000 |
| San Mateo | $1,825,000 | -17.1% | +4.9% | 11 | 53.1% | $795,000 |
| Campbell | $1,992,500 | -9.6% | +0.6% | 10 | 60.3% | $850,000 |
| Redwood City | $2,060,000 | -8.4% | +3.8% | 13 | 56.7% | $1,099,000 |
| Belmont | $2,275,000 | -12.5% | -3.0% | 12 | 62.0% | $550,000 |
| Sunnyvale | $2,302,000 | -9.7% | -0.6% | 9 | 74.9% | $929,000 |
| San Carlos | $2,310,000 | -23.0% | +5.0% | 10 | 59.2% | $845,000 |
| Foster City | $2,360,000 | -7.5% | -1.9% | 8 | 64.4% | $1,110,000 |
| Redwood Shores | $2,470,500 | -2.0% | +1.3% | 12 | 65.5% | $1,300,000 |
| Mountain View | $2,575,000 | -1.0% | -2.1% | 9 | 65.9% | $897,500 |
| Cupertino | $2,835,000 | -8.6% | +1.3% | 9 | 67.1% | $1,090,500 |
| Los Gatos | $2,850,000 | -17.4% | +8.6% | 12 | 58.5% | $1,085,000 |
| Menlo Park | $2,852,000 | -12.3% | -16.1% | 15 | 47.2% | $1,357,500 |
| Monte Sereno | $3,100,000 | -27.1% | +3.3% | 12 | 30.0% | n/a |
| Palo Alto | $3,400,000 | -12.8% | +2.2% | 13 | 52.8% | $1,202,500 |
| Saratoga | $3,810,000 | -5.6% | +0.0% | 12 | 52.5% | $1,000,000 |
| Los Altos | $4,000,000 | -7.9% | -0.7% | 10 | 60.0% | $1,560,000 |
| Portola Valley | $4,500,000 | -34.1% | +18.4% | 38 | 33.3% | n/a |
| Woodside | $5,250,000 | -3.4% | +9.4% | 29 | 33.3% | n/a |
| Los Altos Hills | $5,650,000 | -5.8% | +12.6% | 14 | 31.3% | n/a |
| Atherton | $7,550,000 | -0.1% | -22.6% | 45 | 18.2% | n/a |
Source: Redfin Data Center, rolling three-month figures for April to June 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 April to June 2023, the single-family median sale price rose from a year earlier in 0 of 23 cities and fell in 23.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Atherton (down 0.1%), Mountain View (down 1.0%), Saratoga (down 5.6%), compared with a year earlier.
Where do homes sell the fastest?
Foster City (8 days), Mountain View (9 days), Sunnyvale (9 days), by median days on market for single-family homes from April to June 2023.