Bay Area housing market, September 2024
By Sean Rossiter. Redfin data for July to September 2024
From July to September 2024, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 5. 3,506 homes sold across all 23 cities, and 61.4% sold above list price. Medians ran from $1,010,000 in East Palo Alto to $6,120,000 in Los Altos Hills.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Los Altos Hills: up 22.4% to $6,120,000
- San Mateo: up 15.2% to $2,050,000
- Belmont: up 14.5% to $2,528,000
Down the most
- Foster City: down 6.8% to $2,190,000
- Mountain View: up 0.0% to $2,550,000
- San Carlos: up 0.0% to $2,400,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 9 days
- Los Altos Hills: 9 days
- Mountain View: 9 days
Slowest
- East Palo Alto: 19 days
- Menlo Park: 18 days
- Foster City: 17 days
All 23 cities
July to September 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 | $1,010,000 | +1.0% | -8.2% | 19 | 53.6% | $622,500 |
| San Jose | $1,615,000 | +0.9% | -1.5% | 13 | 62.3% | $710,000 |
| Santa Clara | $1,920,000 | +8.8% | -0.6% | 10 | 67.3% | $751,500 |
| Campbell | $2,000,000 | +6.3% | -1.7% | 9 | 57.9% | $751,000 |
| San Mateo | $2,050,000 | +15.2% | +7.5% | 12 | 60.4% | $859,500 |
| Redwood City | $2,188,000 | +9.4% | +9.3% | 14 | 53.7% | $902,500 |
| Foster City | $2,190,000 | -6.8% | -0.4% | 17 | 54.9% | $910,000 |
| San Carlos | $2,400,000 | +0.0% | +7.6% | 9 | 78.0% | $915,000 |
| Redwood Shores | $2,450,000 | -14.2% | -8.8% | 14 | 43.8% | $1,220,000 |
| Belmont | $2,528,000 | +14.5% | -1.9% | 11 | 67.8% | $535,000 |
| Mountain View | $2,550,000 | +0.0% | +2.0% | 9 | 54.0% | $740,000 |
| Sunnyvale | $2,550,000 | +14.3% | -0.8% | 9 | 77.9% | $860,000 |
| Los Gatos | $3,010,000 | +9.8% | -6.7% | 15 | 49.0% | $1,246,500 |
| Menlo Park | $3,053,500 | +7.5% | -2.4% | 18 | 44.4% | $1,212,000 |
| Cupertino | $3,300,000 | +6.1% | +1.0% | 11 | 71.7% | $1,109,500 |
| Palo Alto | $3,710,000 | +11.9% | +0.1% | 14 | 48.6% | $1,193,000 |
| Monte Sereno | $4,000,000 | +15.9% | -8.0% | 25 | 50.0% | $2,350,000 |
| Saratoga | $4,180,000 | +6.0% | +0.7% | 12 | 68.8% | $1,285,000 |
| Los Altos | $4,600,000 | +8.9% | -1.1% | 10 | 58.4% | $2,256,000 |
| Portola Valley | $4,775,000 | -17.7% | +7.3% | 31 | 31.6% | n/a |
| Woodside | $5,500,000 | -15.4% | +5.8% | 40 | 21.4% | n/a |
| Atherton | $5,912,500 | -26.2% | -35.6% | 18 | 35.7% | n/a |
| Los Altos Hills | $6,120,000 | +22.4% | +0.0% | 9 | 47.6% | n/a |
Source: Redfin Data Center, rolling three-month figures for July to September 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 July to September 2024, the single-family median sale price rose from a year earlier in 16 of 23 cities and fell in 5.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Los Altos Hills (up 22.4%), San Mateo (up 15.2%), Belmont (up 14.5%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (9 days), Los Altos Hills (9 days), Mountain View (9 days), by median days on market for single-family homes from July to September 2024.