Bay Area housing market, December 2023
By Sean Rossiter. Redfin data for October to December 2023
From October to December 2023, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 6. 2,675 homes sold across all 23 cities, and 57.5% sold above list price. Medians ran from $1,050,000 in East Palo Alto to $7,395,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Foster City: up 28.0% to $2,400,000
- Cupertino: up 17.1% to $3,060,000
- Redwood City: up 13.0% to $2,150,000
Down the most
- Atherton: down 10.0% to $7,395,000
- Palo Alto: down 6.1% to $3,100,000
- Mountain View: down 3.8% to $2,500,500
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Los Altos: 9 days
- Mountain View: 9 days
- Sunnyvale: 9 days
Slowest
- Atherton: 39 days
- Redwood City: 19 days
- San Carlos: 15 days
All 23 cities
October to December 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 | $1,050,000 | +6.3% | +5.0% | 20 | 31.8% | $720,750 |
| San Jose | $1,535,000 | +10.6% | -2.2% | 14 | 58.5% | $677,000 |
| San Mateo | $1,710,000 | +0.0% | -2.3% | 13 | 47.3% | $700,000 |
| Santa Clara | $1,733,500 | +9.2% | +0.5% | 10 | 71.2% | $740,000 |
| Campbell | $1,850,000 | +7.9% | -1.3% | 9 | 61.4% | $687,500 |
| Belmont | $1,890,000 | +1.9% | -9.6% | 14 | 60.5% | $1,000,000 |
| Redwood City | $2,150,000 | +13.0% | +0.0% | 19 | 42.1% | $900,000 |
| San Carlos | $2,350,000 | +7.1% | +0.0% | 15 | 46.1% | $1,005,500 |
| Sunnyvale | $2,362,500 | +7.4% | -2.0% | 9 | 77.8% | $950,000 |
| Foster City | $2,400,000 | +28.0% | +5.3% | 13 | 47.3% | $1,012,500 |
| Redwood Shores | $2,462,500 | +6.5% | -4.6% | 15 | 50.0% | $1,040,000 |
| Mountain View | $2,500,500 | -3.8% | -1.2% | 9 | 67.3% | $832,000 |
| Woodside | $2,550,000 | -53.6% | -43.2% | 40 | 40.0% | n/a |
| Los Gatos | $2,914,000 | +11.1% | +0.8% | 13 | 52.5% | $1,084,000 |
| Cupertino | $3,060,000 | +17.1% | -5.7% | 9 | 64.5% | $1,175,000 |
| Palo Alto | $3,100,000 | -6.1% | -3.1% | 12 | 57.7% | $1,268,000 |
| Menlo Park | $3,197,500 | +10.8% | -3.1% | 13 | 50.7% | $1,035,000 |
| Portola Valley | $3,509,000 | -23.7% | -17.0% | 17 | 42.9% | n/a |
| Saratoga | $3,600,000 | +4.3% | -4.8% | 11 | 60.8% | $1,190,000 |
| Monte Sereno | $3,750,000 | +4.9% | +0.0% | 22 | 28.6% | n/a |
| Los Altos | $4,280,500 | +8.6% | +1.2% | 9 | 50.0% | $1,288,000 |
| Los Altos Hills | $5,125,000 | -2.4% | +5.8% | 19 | 14.3% | n/a |
| Atherton | $7,395,000 | -10.0% | -1.0% | 39 | 21.7% | n/a |
Source: Redfin Data Center, rolling three-month figures for October to December 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 October to December 2023, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 6.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Foster City (up 28.0%), Cupertino (up 17.1%), Redwood City (up 13.0%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Mountain View (9 days), Sunnyvale (9 days), by median days on market for single-family homes from October to December 2023.