Home sales were up 9.2% across the San Francisco Bay Area from 2023. Prices were up in counties including San Mateo, Santa Clara, Alameda and Contra Costa.
A drone view of the Sorrento at Dublin Ranch housing development in Dublin, Calif., on Thursday, Feb. 23, 2023. Dublin is now California’s fastest growing city, according to U.S. Census data. in 15 years, activity across the nine-county region rose 9% in 2024 as buyers and sellers came to terms with higher interest rates.
Still, the median sales price across the region increased 6.6% between 2023 and 2024. It rose 3.1% to $876,263 in Contra Costa County, 6.1% to $1.3 million in Alameda County, 4.3% to $1.6 million in San Francisco, 9.3% to $1.9 million in Santa Clara and 6.6% to $2.1 million in San Mateo County. Prices also ticked up in Marin, Napa, Solano and Sonoma counties.
“We started the year off on a strong note, but with rates shooting up right during the spring home-buying season, we lost a lot of that momentum,” Levine said. After losing one home to an all-cash offer then upping their budget to $2 million, they submitted the winning bid on a three-bedroom, two-bathroom house in Foster City that was smaller than what they sought but still located in their desired school district.
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