Bay Area housing market, November 2023
By Sean Rossiter. Redfin data for September to November 2023
From September to November 2023, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6. 2,879 homes sold across all 23 cities, and 63.3% sold above list price. Medians ran from $1,000,250 in East Palo Alto to $7,472,500 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 22.2% to $3,300,000
- Cupertino: up 20.2% to $3,244,500
- East Palo Alto: up 16.3% to $1,000,250
Down the most
- Atherton: down 11.0% to $7,472,500
- Palo Alto: down 3.1% to $3,200,000
- Foster City: down 0.4% to $2,280,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Mountain View: 8 days
- Cupertino: 8 days
- Los Altos: 9 days
Slowest
- Atherton: 39 days
- East Palo Alto: 18 days
- Belmont: 14 days
All 23 cities
September to November 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 | $1,000,250 | +16.3% | +0.0% | 18 | 30.8% | $720,750 |
| San Jose | $1,570,000 | +11.3% | -1.9% | 12 | 65.4% | $705,000 |
| Santa Clara | $1,725,000 | +4.5% | -4.2% | 9 | 77.0% | $820,000 |
| San Mateo | $1,749,500 | +2.9% | -3.0% | 11 | 50.6% | $851,000 |
| Campbell | $1,875,000 | +8.4% | -1.6% | 9 | 67.6% | $945,000 |
| Belmont | $2,090,000 | +6.3% | -4.7% | 14 | 62.8% | $921,000 |
| Redwood City | $2,150,000 | +13.7% | +2.4% | 13 | 49.5% | $855,000 |
| Foster City | $2,280,000 | -0.4% | -3.0% | 14 | 64.4% | $976,500 |
| San Carlos | $2,350,000 | +1.1% | -3.3% | 12 | 56.4% | $1,063,000 |
| Sunnyvale | $2,410,000 | +9.2% | +1.3% | 9 | 75.3% | $982,500 |
| Mountain View | $2,530,000 | +9.3% | -0.8% | 8 | 67.2% | $737,500 |
| Redwood Shores | $2,580,000 | +12.2% | -9.6% | 15 | 66.7% | $1,002,500 |
| Los Gatos | $2,890,000 | +11.2% | -1.4% | 10 | 61.5% | $1,084,000 |
| Palo Alto | $3,200,000 | -3.1% | -5.9% | 12 | 58.3% | $1,268,000 |
| Cupertino | $3,244,500 | +20.2% | +1.1% | 8 | 72.6% | $1,019,000 |
| Menlo Park | $3,300,000 | +22.2% | +12.8% | 12 | 61.0% | $1,399,000 |
| Monte Sereno | $3,750,000 | +4.2% | +0.0% | 18 | 28.6% | n/a |
| Saratoga | $3,780,000 | +4.0% | -5.3% | 10 | 60.4% | $1,028,000 |
| Portola Valley | $4,230,000 | -8.0% | -27.1% | 30 | 37.5% | n/a |
| Los Altos | $4,231,000 | +5.7% | -3.8% | 9 | 56.5% | $1,425,000 |
| Woodside | $4,490,000 | -16.1% | -11.5% | 35 | 28.6% | n/a |
| Los Altos Hills | $4,845,000 | -23.1% | -3.1% | 15 | 28.6% | n/a |
| Atherton | $7,472,500 | -11.0% | -7.3% | 39 | 20.8% | n/a |
Source: Redfin Data Center, rolling three-month figures for September to November 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 September to November 2023, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 22.2%), Cupertino (up 20.2%), East Palo Alto (up 16.3%), compared with a year earlier.
Where do homes sell the fastest?
Mountain View (8 days), Cupertino (8 days), Los Altos (9 days), by median days on market for single-family homes from September to November 2023.