Bay Area housing market, February 2024
By Sean Rossiter. Redfin data for December to February 2024
From December to February 2024, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6. 2,116 homes sold across all 23 cities, and 54.8% sold above list price. Medians ran from $985,000 in East Palo Alto to $6,825,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Santa Clara: up 21.0% to $1,861,500
- San Jose: up 18.0% to $1,563,000
- Campbell: up 17.9% to $1,851,250
Down the most
- Menlo Park: down 7.8% to $2,500,000
- Redwood City: down 2.5% to $1,998,000
- Palo Alto: down 2.3% to $3,125,000
All 23 cities
December to February 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 | $985,000 | +3.7% | +4.1% | 25 | 52.9% | $775,000 |
| San Jose | $1,563,000 | +18.0% | +3.6% | 12 | 58.2% | $721,000 |
| San Mateo | $1,821,250 | +10.4% | +13.5% | 13 | 49.2% | $700,000 |
| Campbell | $1,851,250 | +17.9% | +1.2% | 18 | 56.3% | $685,000 |
| Santa Clara | $1,861,500 | +21.0% | +8.4% | 10 | 69.0% | $718,000 |
| Belmont | $1,937,000 | +7.6% | +2.5% | 18 | 44.8% | $745,000 |
| Redwood City | $1,998,000 | -2.5% | +0.6% | 15 | 40.0% | $910,000 |
| Sunnyvale | $2,205,000 | +9.9% | +0.2% | 10 | 74.6% | $930,000 |
| Redwood Shores | $2,269,000 | +4.3% | -7.3% | 12 | 41.7% | $1,362,500 |
| Foster City | $2,400,000 | +21.8% | +0.0% | 18 | 39.5% | $1,179,000 |
| San Carlos | $2,405,500 | +15.9% | +9.5% | 16 | 46.7% | $1,005,500 |
| Mountain View | $2,450,000 | +4.3% | -1.6% | 13 | 62.5% | $900,000 |
| Menlo Park | $2,500,000 | -7.8% | +0.0% | 22 | 30.8% | $1,450,000 |
| Woodside | $2,762,500 | -49.8% | +7.3% | 97 | 33.3% | n/a |
| Cupertino | $2,875,000 | +16.2% | -1.2% | 9 | 64.2% | $1,479,980 |
| Los Gatos | $3,100,000 | +2.2% | +3.3% | 15 | 38.5% | $1,694,500 |
| Palo Alto | $3,125,000 | -2.3% | +4.2% | 11 | 44.2% | $1,230,000 |
| Portola Valley | $3,704,500 | -22.2% | +5.6% | 11 | 50.0% | n/a |
| Saratoga | $4,075,000 | +16.4% | +11.3% | 18 | 53.9% | $1,190,000 |
| Los Altos | $4,300,000 | +3.0% | +3.6% | 9 | 43.8% | $1,280,500 |
| Monte Sereno | $4,395,000 | +40.6% | +27.1% | 19 | 33.3% | n/a |
| Los Altos Hills | $5,259,000 | +7.3% | +3.6% | 38 | 16.7% | n/a |
| Atherton | $6,825,000 | -35.0% | -9.0% | 80 | 5.9% | n/a |
Source: Redfin Data Center, rolling three-month figures for December to February 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 December to February 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: Santa Clara (up 21.0%), San Jose (up 18.0%), Campbell (up 17.9%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Cupertino (9 days), Sunnyvale (10 days), by median days on market for single-family homes from December to February 2024.