Bay Area housing market, September 2023
By Sean Rossiter. Redfin data for July to September 2023
From July to September 2023, the single-family median sale price rose from a year earlier in 19 of 23 cities and fell in 4. 3,087 homes sold across all 23 cities, and 65.1% sold above list price. Medians ran from $1,000,000 in East Palo Alto to $8,009,500 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
Down the most
- Belmont: down 4.9% to $2,208,000
- Redwood City: down 3.1% to $2,000,000
- Palo Alto: down 0.1% to $3,314,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Campbell: 8 days
- Mountain View: 9 days
- Cupertino: 9 days
Slowest
- Atherton: 88 days
- East Palo Alto: 22 days
- Menlo Park: 16 days
All 23 cities
July to September 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 | $1,000,000 | +3.1% | -2.4% | 22 | 40.7% | $760,000 |
| San Jose | $1,600,000 | +12.3% | +0.6% | 10 | 70.9% | $737,500 |
| Santa Clara | $1,765,000 | +7.0% | +2.6% | 9 | 80.0% | $805,750 |
| San Mateo | $1,780,000 | +0.3% | +0.6% | 12 | 50.2% | $798,000 |
| Campbell | $1,881,500 | +9.9% | -1.0% | 8 | 68.1% | $702,500 |
| Redwood City | $2,000,000 | -3.1% | -6.3% | 11 | 57.4% | $962,500 |
| Belmont | $2,208,000 | -4.9% | +0.3% | 12 | 70.6% | $1,380,000 |
| Sunnyvale | $2,230,000 | +3.7% | -1.1% | 10 | 72.7% | $1,029,000 |
| Foster City | $2,350,000 | +5.4% | -3.0% | 16 | 63.3% | $1,131,000 |
| San Carlos | $2,400,000 | +3.2% | +5.3% | 11 | 52.4% | $1,056,000 |
| Mountain View | $2,550,000 | +3.7% | +0.0% | 9 | 62.5% | $855,000 |
| Los Gatos | $2,740,000 | +5.8% | -4.5% | 14 | 58.2% | $1,057,500 |
| Menlo Park | $2,840,000 | +9.2% | +0.5% | 16 | 50.0% | $1,167,500 |
| Redwood Shores | $2,855,000 | +18.0% | +13.3% | 9 | 64.3% | $1,005,000 |
| Cupertino | $3,110,000 | +13.9% | +0.3% | 9 | 79.0% | $1,128,889 |
| Palo Alto | $3,314,000 | -0.1% | -2.5% | 11 | 43.0% | $1,180,000 |
| Monte Sereno | $3,450,000 | -5.2% | -0.7% | 18 | 28.6% | n/a |
| Saratoga | $3,942,500 | +4.7% | -1.1% | 10 | 63.0% | $860,000 |
| Los Altos | $4,225,000 | +9.4% | +3.0% | 10 | 54.8% | $1,437,500 |
| Los Altos Hills | $5,000,000 | +13.9% | -18.0% | 14 | 63.6% | n/a |
| Portola Valley | $5,800,000 | +65.7% | +5.5% | 50 | 25.0% | n/a |
| Woodside | $6,500,000 | +21.8% | +0.0% | 93 | 7.7% | n/a |
| Atherton | $8,009,500 | +14.4% | +4.0% | 88 | 4.5% | n/a |
Source: Redfin Data Center, rolling three-month figures for July to September 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, yes. From July to September 2023, the single-family median sale price rose from a year earlier in 19 of 23 cities and fell in 4.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Atherton (up 14.4%), Cupertino (up 13.9%), San Jose (up 12.3%), compared with a year earlier.
Where do homes sell the fastest?
Campbell (8 days), Mountain View (9 days), Cupertino (9 days), by median days on market for single-family homes from July to September 2023.