Bay Area housing market, April 2024
By Sean Rossiter. Redfin data for February to April 2024
From February to April 2024, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 5. 3,172 homes sold across all 23 cities, and 71.3% sold above list price. Medians ran from $1,060,000 in East Palo Alto to $6,475,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Cupertino: up 22.0% to $3,415,000
- Los Gatos: up 20.3% to $3,225,000
- Santa Clara: up 17.6% to $1,975,000
Down the most
- Atherton: down 36.0% to $6,475,000
- Menlo Park: down 20.1% to $3,050,000
- Mountain View: down 3.0% to $2,605,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Belmont: 8 days
- Mountain View: 8 days
- Cupertino: 8 days
Slowest
- Atherton: 29 days
- East Palo Alto: 12 days
- Menlo Park: 12 days
All 23 cities
February to April 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 | $1,060,000 | +13.3% | +3.7% | 12 | 79.2% | $460,000 |
| San Jose | $1,700,000 | +15.7% | +3.2% | 8 | 74.2% | $749,000 |
| San Mateo | $1,946,000 | +15.1% | +5.2% | 11 | 61.5% | $804,000 |
| Santa Clara | $1,975,000 | +17.6% | +5.1% | 8 | 79.9% | $782,500 |
| Redwood City | $2,050,000 | +6.8% | +1.9% | 9 | 69.0% | $1,090,000 |
| Campbell | $2,077,944 | +8.7% | +7.9% | 10 | 77.4% | $670,000 |
| Foster City | $2,300,000 | -6.1% | +7.9% | 8 | 59.5% | $1,165,000 |
| Redwood Shores | $2,330,000 | -1.5% | +2.2% | 7 | 80.0% | $1,260,000 |
| San Carlos | $2,418,000 | +7.5% | +0.3% | 9 | 70.4% | $1,110,000 |
| Sunnyvale | $2,488,250 | +12.8% | +7.0% | 9 | 80.6% | $911,000 |
| Belmont | $2,500,000 | +8.7% | +11.4% | 8 | 68.6% | $906,000 |
| Mountain View | $2,605,000 | -3.0% | +5.0% | 8 | 72.5% | $795,000 |
| Menlo Park | $3,050,000 | -20.1% | +12.4% | 12 | 43.6% | $1,550,000 |
| Los Gatos | $3,225,000 | +20.3% | +0.0% | 9 | 63.5% | $810,000 |
| Cupertino | $3,415,000 | +22.0% | +3.5% | 8 | 76.7% | $1,270,000 |
| Palo Alto | $3,600,000 | +9.9% | +4.3% | 9 | 64.6% | $1,060,000 |
| Portola Valley | $4,100,000 | +5.1% | +3.5% | 10 | 60.0% | n/a |
| Los Altos | $4,180,000 | +3.0% | -0.6% | 9 | 60.6% | $2,362,500 |
| Saratoga | $4,200,000 | +10.4% | +1.4% | 11 | 73.7% | $1,080,000 |
| Monte Sereno | $4,670,000 | +55.7% | -3.5% | 13 | 50.0% | n/a |
| Woodside | $5,300,000 | +10.4% | +4.4% | 13 | 35.3% | n/a |
| Los Altos Hills | $5,620,000 | +13.5% | +0.0% | 14 | 38.5% | n/a |
| Atherton | $6,475,000 | -36.0% | -6.5% | 29 | 30.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for February to April 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 February to April 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 22.0%), Los Gatos (up 20.3%), Santa Clara (up 17.6%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (8 days), Mountain View (8 days), Cupertino (8 days), by median days on market for single-family homes from February to April 2024.