Real Estate Silicon Valley
Full Market Reports
Historical market reports. A current perspective.
The city snapshots below describe Q1 2022 and are retained as historical reference. They are not current pricing guidance. Check the reporting period on each downloadable report before using it.
As Property Nerds, we look beyond a headline median to understand the neighborhood, property type, condition and comparable sales that matter to your decision. Eric and Janelle Boyenga at Compass can help put the numbers in context for your next move.
Request a current market analysis or explore our home-selling approach and buyer guidance.
Los Altos
As of Q1 2022, Los Altos home prices are up 15% compared to last year, with a median selling price of all homes at $4.16M. The median selling price of Single Family Homes has increased to $4.33M and Condos/Townhomes at $1.29M. On average, homes in Los Altos have been selling after 8 days on the market, compared to 12 days on the market in 2021. In Q1 2022, the total number of homes sold in Los Altos were 92, 73 being Single Family Homes and 19 being Condos/Townhomes.
Los Gatos
As of Q1 2022, Los Gatos home prices are up 23% compared to last year, with a median selling price of all homes at $2.59M. The median selling price of Single Family Homes has increased to $2.93M and Condos/Townhomes at $1.48M. On average, homes in Los Gatos have been selling after 9 days on the market, compared to 17 days on the market in 2021. In Q1 2022, the total number of homes sold in Los Gatos were 161, 107 being Single Family Homes and 54 being Condos/Townhomes.
Palo Alto
As of Q1 2022, Palo Alto home prices are up 26% compared to last year, with a median selling price of all homes at $3.63M. The median selling price of Single Family Homes has increased to $4.10M and Condos/Townhomes at $1.75M. On average, homes in Palo Alto have been selling after 9 days on the market, compared to 12 days on the market in 2021. In Q1 2022, the total number of homes sold in Palo Alto were 169, 138 being Single Family Homes and 31 being Condos/Townhomes.
Saratoga
As of Q1 2022, Saratoga home prices are up 20% compared to last year, with a median selling price of all homes at $3.72M. The median selling price of Single Family Homes has increased to $3.88M and Condos/Townhomes at $1.06M. On average, homes in Saratoga have been selling after 9 days on the market, compared to 12 days on the market in 2021. In Q1 2022, the total number of homes sold in Saratoga were 91, 80 being Single Family Homes and 11 being Condos/Townhomes.
Los Altos Hills
As of Q1 2022, Los Altos Hills home prices are up 32% compared to last year, with a median selling price of all homes at $5.63M. On average, homes in Los Altos Hills have been selling after 9 days on the market, compared to 11 days on the market in 2021. In Q1 2022, the total number of homes sold in Los Altos Hills were 28.
Mountain View
As of Q1 2022, Mountain View home prices are up 9.15% compared to last year, with a median selling price of all homes at $1.84M. The median selling price of Single Family Homes has increased to $3.16M and Condos/Townhomes at $1.42M. On average, homes in Mountain View have been selling after 8 days on the market, compared to 19 days on the market in 2021. In Q1 2022, the total number of homes sold in Mountain View were 199, 89 being Single Family Homes and 110 being Condos/Townhomes
Menlo Park
As of Q1 2022, Menlo Park home prices are up 17.6% compared to last year, with a median selling price of all homes at $3.0M. The median selling price of Single Family Homes has increased to $2.93M and Condos/Townhomes at $1.4M. On average, homes in Menlo Park have been selling after 9 days on the market, compared to 10 days on the market in 2021.
Portola Valley
As of Q1 2022, Portola Valley home prices are up 54.3% compared to last year, with a median listing price of all homes at $5.6M. On average, homes in Portola Valley have been selling after 42 days on the market. The number of listings has increased by 62.5% between March and April 2022.
