Bay Area housing market, January 2024
By Sean Rossiter. Redfin data for November to January 2024
From November to January 2024, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6. 2,217 homes sold across all 23 cities, and 52.6% sold above list price. Medians ran from $946,000 in East Palo Alto to $7,500,000 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 29.0% to $2,400,000
- Cupertino: up 14.6% to $2,910,000
- San Jose: up 11.8% to $1,509,000
Down the most
- Palo Alto: down 5.7% to $3,000,000
- San Mateo: down 3.3% to $1,605,000
- Menlo Park: up 1.6% to $2,500,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Sunnyvale: 9 days
- Cupertino: 9 days
- Mountain View: 10 days
Slowest
- San Carlos: 38 days
- Redwood City: 21 days
- Menlo Park: 20 days
All 23 cities
November to January 2024. 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 | $946,000 | +9.4% | -9.9% | 34 | 26.7% | $775,000 |
| San Jose | $1,509,000 | +11.8% | -1.7% | 15 | 54.7% | $667,500 |
| San Mateo | $1,605,000 | -3.3% | -6.1% | 15 | 43.4% | $642,500 |
| Santa Clara | $1,717,500 | +9.4% | -0.9% | 10 | 66.9% | $735,000 |
| Campbell | $1,830,000 | +7.7% | -1.1% | 18 | 46.9% | $685,000 |
| Belmont | $1,890,000 | +5.7% | +0.0% | 14 | 57.9% | $745,000 |
| Redwood City | $1,986,500 | +2.4% | -7.6% | 21 | 36.8% | $798,000 |
| San Carlos | $2,197,500 | +1.9% | -6.5% | 38 | 34.0% | $950,000 |
| Sunnyvale | $2,200,000 | +2.8% | -6.9% | 9 | 71.1% | $910,000 |
| Foster City | $2,400,000 | +29.0% | +0.0% | 19 | 45.5% | $950,000 |
| Redwood Shores | $2,446,500 | -0.3% | -0.6% | 15 | 43.8% | $960,000 |
| Mountain View | $2,490,000 | +6.0% | -0.4% | 10 | 58.5% | $866,000 |
| Menlo Park | $2,500,000 | +1.6% | -21.8% | 20 | 45.5% | $1,100,000 |
| Woodside | $2,575,000 | -52.5% | +1.0% | 105 | 25.0% | n/a |
| Cupertino | $2,910,000 | +14.6% | -4.9% | 9 | 61.1% | $1,749,960 |
| Palo Alto | $3,000,000 | -5.7% | -3.2% | 13 | 48.1% | $1,243,500 |
| Los Gatos | $3,000,000 | +8.6% | +3.0% | 18 | 46.0% | $1,400,000 |
| Monte Sereno | $3,458,000 | +6.4% | -7.8% | 7 | 66.7% | n/a |
| Portola Valley | $3,509,000 | -35.8% | +0.0% | 17 | 44.4% | n/a |
| Saratoga | $3,662,500 | +4.6% | +1.7% | 14 | 55.1% | $1,190,000 |
| Los Altos | $4,150,000 | +6.1% | -3.0% | 11 | 38.9% | $1,280,500 |
| Los Altos Hills | $5,075,000 | +2.5% | -1.0% | 42 | 16.7% | n/a |
| Atherton | $7,500,000 | -25.0% | +1.4% | 76 | 16.7% | n/a |
Source: Redfin Data Center, rolling three-month figures for November to January 2024. "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 November to January 2024, 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: Foster City (up 29.0%), Cupertino (up 14.6%), San Jose (up 11.8%), compared with a year earlier.
Where do homes sell the fastest?
Sunnyvale (9 days), Cupertino (9 days), Mountain View (10 days), by median days on market for single-family homes from November to January 2024.