Bay Area housing market, October 2024
By Sean Rossiter. Redfin data for August to October 2024
From August to October 2024, the single-family median sale price rose from a year earlier in 14 of 23 cities and fell in 8. 3,525 homes sold across all 23 cities, and 60.8% sold above list price. Medians ran from $990,000 in East Palo Alto to $8,115,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
Down the most
- San Carlos: down 11.5% to $2,150,000
- Foster City: down 7.0% to $2,185,000
- Los Altos: down 1.3% to $4,344,000
How fast homes sold
Median days on market for single-family homes. Cities with at least 20 sales.
Fastest
- San Carlos: 8 days
- Palo Alto: 9 days
- Los Altos: 9 days
Slowest
- Atherton: 83 days
- Los Altos Hills: 32 days
- Los Gatos: 22 days
All 23 cities
August to October 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 | $990,000 | -1.0% | -2.0% | 15 | 44.0% | $635,000 |
| San Jose | $1,620,000 | +1.3% | +0.3% | 13 | 62.9% | $715,000 |
| Santa Clara | $1,945,500 | +8.1% | +1.3% | 9 | 66.7% | $832,500 |
| San Mateo | $2,017,500 | +11.8% | -1.6% | 13 | 54.5% | $831,000 |
| Redwood City | $2,094,000 | -0.3% | -4.3% | 14 | 55.2% | $817,500 |
| Campbell | $2,100,000 | +10.2% | +5.0% | 9 | 56.0% | $745,000 |
| San Carlos | $2,150,000 | -11.5% | -10.4% | 8 | 66.7% | $932,500 |
| Foster City | $2,185,000 | -7.0% | -0.2% | 14 | 60.3% | $897,500 |
| Belmont | $2,500,000 | +13.9% | -1.1% | 11 | 73.6% | $760,000 |
| Sunnyvale | $2,600,000 | +9.2% | +2.0% | 9 | 75.9% | $900,000 |
| Mountain View | $2,680,000 | +5.1% | +5.1% | 9 | 57.4% | $735,000 |
| Redwood Shores | $2,696,500 | -5.5% | +10.1% | 12 | 51.5% | $855,000 |
| Los Gatos | $3,020,000 | +3.1% | +0.3% | 22 | 46.7% | $1,288,000 |
| Menlo Park | $3,050,000 | +4.3% | -0.1% | 19 | 45.7% | $1,135,000 |
| Cupertino | $3,210,000 | +0.0% | -2.7% | 12 | 64.3% | $1,036,500 |
| Palo Alto | $3,800,000 | +11.8% | +2.4% | 9 | 55.4% | $1,281,000 |
| Saratoga | $4,292,500 | +7.6% | +2.7% | 14 | 59.5% | $1,400,000 |
| Los Altos | $4,344,000 | -1.3% | -5.6% | 9 | 59.5% | $1,946,000 |
| Portola Valley | $4,775,000 | -17.7% | +0.0% | 35 | 35.3% | n/a |
| Woodside | $4,950,000 | -2.5% | -10.0% | 20 | 30.8% | n/a |
| Los Altos Hills | $5,400,000 | +8.0% | -11.8% | 32 | 45.0% | n/a |
| Monte Sereno | $5,800,000 | +54.7% | +45.0% | 25 | 37.5% | $2,350,000 |
| Atherton | $8,115,000 | +0.7% | +37.3% | 83 | 30.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for August to October 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 August to October 2024, the single-family median sale price rose from a year earlier in 14 of 23 cities and fell in 8.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Belmont (up 13.9%), San Mateo (up 11.8%), Palo Alto (up 11.8%), compared with a year earlier.
Where do homes sell the fastest?
San Carlos (8 days), Palo Alto (9 days), Los Altos (9 days), by median days on market for single-family homes from August to October 2024.