Bay Area housing market, March 2024
By Sean Rossiter. Redfin data for January to March 2024
From January to March 2024, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5. 2,418 homes sold across all 23 cities, and 64.1% sold above list price. Medians ran from $1,022,500 in East Palo Alto to $6,925,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Cupertino: up 21.8% to $3,300,000
- Los Gatos: up 19.4% to $3,225,000
- Santa Clara: up 19.0% to $1,880,000
Down the most
- Menlo Park: down 28.2% to $2,712,500
- Mountain View: down 4.5% to $2,480,000
- Palo Alto: up 0.7% to $3,450,000
All 23 cities
January to March 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 | $1,022,500 | +6.4% | +3.8% | 19 | 61.1% | $617,500 |
| San Jose | $1,647,500 | +17.7% | +5.4% | 9 | 67.6% | $725,000 |
| San Mateo | $1,850,000 | +11.7% | +1.6% | 12 | 54.8% | $750,000 |
| Santa Clara | $1,880,000 | +19.0% | +1.0% | 9 | 75.0% | $715,000 |
| Campbell | $1,925,000 | +10.3% | +4.0% | 11 | 67.9% | $686,000 |
| Redwood City | $2,012,000 | +5.2% | +0.7% | 11 | 55.5% | $890,000 |
| Foster City | $2,132,500 | -5.2% | -11.1% | 11 | 59.4% | $1,165,000 |
| Belmont | $2,244,500 | +13.7% | +15.9% | 10 | 55.6% | $745,000 |
| Redwood Shores | $2,280,000 | -3.4% | +0.5% | 7 | 70.6% | $1,200,000 |
| Sunnyvale | $2,325,000 | +5.7% | +5.4% | 9 | 75.8% | $922,000 |
| San Carlos | $2,411,000 | +10.3% | +0.2% | 11 | 60.4% | $1,068,000 |
| Mountain View | $2,480,000 | -4.5% | +1.2% | 9 | 64.8% | $865,000 |
| Menlo Park | $2,712,500 | -28.2% | +8.5% | 17 | 38.0% | $1,505,000 |
| Los Gatos | $3,225,000 | +19.4% | +4.0% | 9 | 55.7% | $1,450,000 |
| Cupertino | $3,300,000 | +21.8% | +14.8% | 8 | 73.0% | $1,230,000 |
| Palo Alto | $3,450,000 | +0.7% | +10.4% | 9 | 59.5% | $1,060,000 |
| Portola Valley | $3,962,500 | +4.3% | +7.0% | 10 | 57.1% | n/a |
| Saratoga | $4,140,000 | +7.3% | +1.6% | 15 | 55.3% | $1,538,000 |
| Los Altos | $4,203,500 | +1.5% | -2.2% | 9 | 56.4% | $1,925,000 |
| Monte Sereno | $4,840,000 | +48.9% | +10.1% | 16 | 57.1% | n/a |
| Woodside | $5,075,000 | +38.8% | +83.7% | 27 | 31.3% | n/a |
| Los Altos Hills | $5,620,000 | +18.3% | +6.9% | 13 | 30.8% | n/a |
| Atherton | $6,925,000 | -34.0% | +1.5% | 71 | 7.1% | n/a |
Source: Redfin Data Center, rolling three-month figures for January to March 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 January to March 2024, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Cupertino (up 21.8%), Los Gatos (up 19.4%), Santa Clara (up 19.0%), compared with a year earlier.
Where do homes sell the fastest?
Cupertino (8 days), Palo Alto (9 days), Los Altos (9 days), by median days on market for single-family homes from January to March 2024.