Bay Area housing market, January 2025
By Sean Rossiter. Redfin data for November to January 2025
From November to January 2025, the single-family median sale price rose from a year earlier in 22 of 23 cities and fell in 1. 2,666 homes sold across all 23 cities, and 55.1% sold above list price. Medians ran from $1,025,000 in East Palo Alto to $6,507,250 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 28.1% to $3,202,500
- Palo Alto: up 25.9% to $3,777,500
- Los Altos: up 18.3% to $4,910,000
Down the most
- Los Gatos: up 0.8% to $3,025,000
- Redwood City: up 5.7% to $2,100,000
- Campbell: up 7.3% to $1,964,000
All 23 cities
November to January 2025. 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 | +8.3% | +0.0% | 23 | 42.9% | n/a |
| San Jose | $1,660,000 | +10.0% | -0.6% | 15 | 56.5% | $700,000 |
| San Mateo | $1,800,000 | +12.2% | -3.4% | 15 | 55.0% | $775,000 |
| Santa Clara | $1,850,000 | +7.7% | -1.6% | 11 | 58.1% | $735,000 |
| Campbell | $1,964,000 | +7.3% | -5.8% | 12 | 50.0% | $630,000 |
| Redwood City | $2,100,000 | +5.7% | +5.0% | 15 | 51.8% | $837,500 |
| Belmont | $2,218,750 | +17.4% | -3.5% | 13 | 75.7% | $1,215,000 |
| San Carlos | $2,524,750 | +14.9% | +9.1% | 11 | 48.1% | $850,000 |
| Foster City | $2,600,000 | +8.3% | +20.4% | 11 | 53.5% | $1,000,000 |
| Sunnyvale | $2,600,000 | +18.2% | +0.0% | 10 | 68.5% | $1,489,500 |
| Redwood Shores | $2,715,000 | +11.0% | +0.0% | 12 | 55.0% | $882,500 |
| Mountain View | $2,837,500 | +14.0% | +5.1% | 10 | 55.5% | $832,500 |
| Los Gatos | $3,025,000 | +0.8% | +0.2% | 23 | 46.0% | $1,023,500 |
| Menlo Park | $3,202,500 | +28.1% | +3.3% | 14 | 49.0% | $1,200,000 |
| Cupertino | $3,265,000 | +12.2% | -1.0% | 9 | 63.5% | $1,216,250 |
| Palo Alto | $3,777,500 | +25.9% | -0.7% | 10 | 51.7% | $1,151,750 |
| Saratoga | $4,072,500 | +11.2% | -1.9% | 12 | 50.0% | $2,801,190 |
| Monte Sereno | $4,717,500 | +36.4% | -21.0% | 29 | 50.0% | n/a |
| Los Altos | $4,910,000 | +18.3% | +9.1% | 9 | 54.2% | $1,425,000 |
| Los Altos Hills | $5,475,000 | +7.9% | +4.8% | 40 | 22.2% | n/a |
| Woodside | $5,573,000 | +116.4% | +12.6% | 130 | 37.5% | n/a |
| Portola Valley | $6,450,000 | +83.8% | -3.7% | 84 | 16.7% | n/a |
| Atherton | $6,507,250 | -13.2% | -11.0% | 43 | 6.3% | n/a |
Source: Redfin Data Center, rolling three-month figures for November to January 2025. "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 November to January 2025, the single-family median sale price rose from a year earlier in 22 of 23 cities and fell in 1.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Menlo Park (up 28.1%), Palo Alto (up 25.9%), Los Altos (up 18.3%), compared with a year earlier.
Where do homes sell the fastest?
Los Altos (9 days), Cupertino (9 days), Palo Alto (10 days), by median days on market for single-family homes from November to January 2025.