Bay Area housing market, June 2024
By Sean Rossiter. Redfin data for April to June 2024
From April to June 2024, the single-family median sale price rose from a year earlier in 19 of 23 cities and fell in 4. 4,117 homes sold across all 23 cities, and 73.8% sold above list price. Medians ran from $1,175,000 in East Palo Alto to $9,587,500 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Menlo Park: up 40.2% to $3,998,000
- East Palo Alto: up 30.6% to $1,175,000
- Atherton: up 27.0% to $9,587,500
Down the most
- Redwood City: down 2.9% to $2,000,000
- Foster City: down 2.1% to $2,310,000
- Mountain View: up 6.1% to $2,732,500
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- Belmont: 8 days
- San Carlos: 8 days
- Santa Clara: 8 days
Slowest
- Atherton: 20 days
- East Palo Alto: 13 days
- Menlo Park: 12 days
All 23 cities
April to June 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 | $1,175,000 | +30.6% | +11.9% | 13 | 77.4% | $635,000 |
| San Jose | $1,750,000 | +13.3% | +0.0% | 9 | 77.3% | $755,000 |
| Redwood City | $2,000,000 | -2.9% | -4.8% | 9 | 65.6% | $1,012,500 |
| Santa Clara | $2,030,000 | +19.4% | -3.3% | 8 | 78.0% | $785,000 |
| Campbell | $2,150,000 | +7.9% | +1.2% | 10 | 75.9% | $670,000 |
| San Mateo | $2,174,000 | +19.1% | -1.2% | 10 | 68.8% | $804,000 |
| Foster City | $2,310,000 | -2.1% | -3.4% | 10 | 70.8% | $1,218,000 |
| San Carlos | $2,524,000 | +9.3% | +2.6% | 8 | 69.3% | $925,000 |
| Belmont | $2,550,000 | +12.1% | +2.0% | 8 | 74.3% | $843,000 |
| Sunnyvale | $2,625,000 | +14.0% | +1.0% | 9 | 83.3% | $1,064,500 |
| Redwood Shores | $2,685,000 | +8.7% | +9.7% | 6 | 70.3% | $1,030,000 |
| Mountain View | $2,732,500 | +6.1% | +0.6% | 10 | 71.3% | $843,000 |
| Los Gatos | $3,282,500 | +15.2% | +1.8% | 10 | 64.8% | $785,000 |
| Cupertino | $3,300,000 | +16.4% | -3.2% | 9 | 78.7% | $1,330,000 |
| Palo Alto | $3,650,000 | +7.3% | +1.4% | 10 | 67.5% | $1,260,000 |
| Menlo Park | $3,998,000 | +40.2% | +17.2% | 12 | 57.0% | $1,600,000 |
| Saratoga | $4,071,500 | +6.9% | -1.9% | 10 | 75.5% | $1,150,000 |
| Portola Valley | $4,200,000 | -6.7% | +1.3% | 21 | 42.9% | n/a |
| Los Altos | $4,370,000 | +9.3% | +4.2% | 10 | 61.2% | $2,498,000 |
| Woodside | $5,200,000 | -0.9% | -9.5% | 16 | 30.8% | n/a |
| Monte Sereno | $5,575,000 | +79.8% | -3.0% | 12 | 56.3% | n/a |
| Los Altos Hills | $6,250,000 | +10.6% | +3.3% | 21 | 47.4% | n/a |
| Atherton | $9,587,500 | +27.0% | +21.4% | 20 | 38.2% | n/a |
Source: Redfin Data Center, rolling three-month figures for April to June 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 April to June 2024, the single-family median sale price rose from a year earlier in 19 of 23 cities and fell in 4.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 40.2%), East Palo Alto (up 30.6%), Atherton (up 27.0%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (8 days), San Carlos (8 days), Santa Clara (8 days), by median days on market for single-family homes from April to June 2024.