Bay Area housing market, December 2024
By Sean Rossiter. Redfin data for October to December 2024
From October to December 2024, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6. 3,320 homes sold across all 23 cities, and 58.1% sold above list price. Medians ran from $1,025,000 in East Palo Alto to $7,308,000 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
- Foster City: down 10.0% to $2,159,500
- Redwood City: down 7.0% to $2,000,000
- Menlo Park: down 3.0% to $3,100,000
All 23 cities
October to December 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 | $1,025,000 | -2.4% | -1.4% | 16 | 44.4% | n/a |
| San Jose | $1,670,000 | +8.8% | +0.1% | 14 | 59.9% | $700,000 |
| San Mateo | $1,862,500 | +8.9% | -7.1% | 15 | 55.1% | $747,500 |
| Santa Clara | $1,880,000 | +8.4% | +0.0% | 10 | 58.6% | $797,500 |
| Redwood City | $2,000,000 | -7.0% | -4.3% | 14 | 55.6% | $842,500 |
| Campbell | $2,085,000 | +12.7% | +0.0% | 11 | 53.3% | $640,000 |
| Foster City | $2,159,500 | -10.0% | +1.6% | 12 | 55.7% | $1,000,000 |
| Belmont | $2,300,000 | +21.7% | +0.0% | 12 | 85.1% | $905,000 |
| San Carlos | $2,315,000 | -1.5% | -0.2% | 11 | 51.3% | $950,000 |
| Sunnyvale | $2,600,000 | +10.1% | -0.4% | 9 | 71.7% | $1,380,000 |
| Mountain View | $2,700,000 | +8.0% | +0.0% | 10 | 57.0% | $800,000 |
| Redwood Shores | $2,715,000 | +10.3% | -1.7% | 12 | 55.9% | $842,500 |
| Los Gatos | $3,017,500 | +3.5% | -0.7% | 21 | 45.5% | $1,027,500 |
| Menlo Park | $3,100,000 | -3.0% | -5.1% | 14 | 47.2% | $1,135,000 |
| Cupertino | $3,297,500 | +7.8% | +3.0% | 9 | 60.7% | $1,150,000 |
| Palo Alto | $3,802,500 | +22.7% | +0.0% | 9 | 58.7% | $1,281,000 |
| Saratoga | $4,150,000 | +15.3% | -1.2% | 15 | 55.4% | $2,801,190 |
| Los Altos | $4,500,000 | +5.1% | -0.2% | 9 | 68.1% | $1,705,000 |
| Woodside | $4,950,000 | +94.1% | +0.0% | 30 | 27.3% | n/a |
| Los Altos Hills | $5,225,000 | +1.9% | +0.0% | 20 | 33.3% | n/a |
| Monte Sereno | $5,971,250 | +59.2% | +3.0% | 22 | 40.0% | n/a |
| Portola Valley | $6,700,000 | +90.9% | -0.7% | 94 | 18.2% | n/a |
| Atherton | $7,308,000 | -1.2% | +0.0% | 62 | 16.0% | n/a |
Source: Redfin Data Center, rolling three-month figures for October to December 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 October to December 2024, the single-family median sale price rose from a year earlier in 17 of 23 cities and fell in 6.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Palo Alto (up 22.7%), Belmont (up 21.7%), Saratoga (up 15.3%), compared with a year earlier.
Where do homes sell the fastest?
Palo Alto (9 days), Los Altos (9 days), Sunnyvale (9 days), by median days on market for single-family homes from October to December 2024.