Bay Area housing market, March 2025
By Sean Rossiter. Redfin data for January to March 2025
From January to March 2025, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 4. 2,497 homes sold across all 23 cities, and 66.2% sold above list price. Medians ran from $1,022,500 in East Palo Alto to $10,900,000 in Atherton.
Biggest price changes
Single-family median, compared with a year earlier. Cities with at least 20 sales.
Up the most
- Los Altos: up 39.0% to $5,845,000
- Menlo Park: up 35.7% to $3,680,000
- Palo Alto: up 24.1% to $4,280,000
Down the most
All 23 cities
January to March 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 | $1,022,500 | +0.0% | +2.0% | 55 | 26.3% | $760,000 |
| San Jose | $1,730,000 | +5.0% | +3.6% | 9 | 67.2% | $745,000 |
| San Mateo | $1,875,000 | +1.4% | +3.6% | 12 | 53.1% | $919,500 |
| Santa Clara | $2,070,000 | +10.1% | +0.7% | 9 | 73.8% | $749,000 |
| Campbell | $2,210,000 | +14.8% | +0.0% | 11 | 63.0% | $735,000 |
| Redwood Shores | $2,265,000 | -0.7% | -14.9% | 13 | 68.8% | $1,100,000 |
| Redwood City | $2,265,000 | +12.6% | +3.4% | 11 | 62.4% | $1,015,000 |
| Foster City | $2,335,000 | +9.5% | -7.9% | 10 | 75.4% | $980,000 |
| Belmont | $2,656,000 | +18.3% | +1.2% | 8 | 62.5% | $592,000 |
| Sunnyvale | $2,755,000 | +18.5% | +9.2% | 8 | 80.8% | $860,500 |
| Mountain View | $2,770,000 | +11.7% | -1.1% | 8 | 69.9% | $830,000 |
| San Carlos | $2,800,000 | +16.1% | -2.1% | 11 | 64.2% | $950,000 |
| Los Gatos | $3,052,500 | -5.3% | +5.8% | 13 | 62.2% | $1,257,500 |
| Cupertino | $3,660,000 | +10.9% | +6.1% | 8 | 75.0% | $1,260,000 |
| Menlo Park | $3,680,000 | +35.7% | +7.7% | 9 | 64.1% | $1,516,500 |
| Saratoga | $4,250,000 | +2.7% | +2.7% | 8 | 64.2% | $1,815,594 |
| Palo Alto | $4,280,000 | +24.1% | +11.8% | 9 | 63.3% | $1,327,500 |
| Woodside | $4,887,500 | -3.7% | -12.3% | 47 | 27.3% | n/a |
| Monte Sereno | $5,480,500 | +13.2% | -6.5% | 27 | 70.0% | n/a |
| Los Altos Hills | $5,555,000 | -1.2% | +0.0% | 13 | 58.8% | n/a |
| Portola Valley | $5,597,500 | +41.3% | +0.9% | 58 | 37.5% | n/a |
| Los Altos | $5,845,000 | +39.0% | +14.6% | 9 | 48.2% | $1,700,000 |
| Atherton | $10,900,000 | +57.4% | +39.7% | 18 | 35.3% | n/a |
Source: Redfin Data Center, rolling three-month figures for January to March 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 January to March 2025, the single-family median sale price rose from a year earlier in 18 of 23 cities and fell in 4.
Where did prices rise the most?
Among cities with at least 20 single-family sales: Los Altos (up 39.0%), Menlo Park (up 35.7%), Palo Alto (up 24.1%), compared with a year earlier.
Where do homes sell the fastest?
Belmont (8 days), Mountain View (8 days), Sunnyvale (8 days), by median days on market for single-family homes from January to March 2025.