Market Update
Silicon Valley & Peninsula
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$1.84m
1% less than in
Q2 2025
Q2 2025
Avg. Days On Market
22
10% more than in
Q2 2025
Q2 2025
Closed Sales
4,118
0% change from
Q2 2025
Q2 2025
Inventory
1,956
11% fewer than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $1.7m | $2.1m | 5176 |
| Q2 '23 | $1.61m | $2.01m | 3757 |
| Q2 '24 | $1.81m | $2.23m | 4268 |
| Q2 '25 | $1.85m | $2.3m | 4123 |
| Q2 '26 | $1.84m | $2.4m | 4118 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 15.2% |
|---|---|
| Q2 '26 | 624 |
| Q2 '25 | 665 |
| 1YR CHANGE | -6% |
| Closed $1m - $3m | 60.6% |
| Q2 '26 | 2496 |
| Q2 '25 | 2531 |
| 1YR CHANGE | -1% |
| Closed $3m - $5m | 17.1% |
| Q2 '26 | 704 |
| Q2 '25 | 684 |
| 1YR CHANGE | +3% |
| Closed Over $5m | 7.1% |
| Q2 '26 | 294 |
| Q2 '25 | 243 |
| 1YR CHANGE | +21% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 13 | $1.7m |
| Q2 '23 | 20 | $1.61m |
| Q2 '24 | 16 | $1.81m |
| Q2 '25 | 20 | $1.85m |
| Q2 '26 | 22 | $1.84m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-11%
New Listings
New Listings represents the number of properties listed during the quarter.
-3%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-10%
Closed Sales
-0%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
10%
Atherton
Median
$11m
DOM
38
Sales
25
Inv
10
Belmont
Median
$2.38m
DOM
19
Sales
65
Inv
26
Brisbane
Median
$1.12m
DOM
30
Sales
11
Inv
6
Burlingame
Median
$3.11m
DOM
12
Sales
72
Inv
21
Campbell
Median
$2.16m
DOM
16
Sales
52
Inv
45
Cupertino
Median
$3.35m
DOM
15
Sales
62
Inv
41
Daly City
Median
$1.26m
DOM
25
Sales
114
Inv
37
East Palo Alto
Median
$1.1m
DOM
52
Sales
22
Inv
24
El Granada
Median
$1.47m
DOM
33
Sales
15
Inv
14
Foster City
Median
$1.53m
DOM
24
Sales
36
Inv
25
Gilroy
Median
$1.1m
DOM
25
Sales
99
Inv
48
Half Moon Bay
Median
$1.49m
DOM
37
Sales
38
Inv
33
Hillsborough
Median
$6.44m
DOM
22
Sales
44
Inv
19
La Honda
Median
$1.09m
DOM
13
Sales
4
Inv
5
Loma Mar
Median
$721k
DOM
4
Sales
1
Los Altos
Median
$4.8m
DOM
18
Sales
99
Inv
27
Los Altos Hills
Median
$5.33m
DOM
44
Sales
27
Inv
14
Los Gatos
Median
$3.13m
DOM
32
Sales
144
Inv
105
Menlo Park
Median
$3.7m
DOM
20
Sales
101
Inv
27
Millbrae
Median
$2.02m
DOM
21
Sales
42
Inv
6
Milpitas
Median
$1.36m
DOM
18
Sales
63
Inv
38
Montara
Median
$1.53m
DOM
22
Sales
8
Inv
3
Monte Sereno
Median
$5m
DOM
11
Sales
13
Inv
2
Morgan Hill
Median
$1.65m
DOM
26
Sales
100
Inv
69
Moss Beach
Median
$1.56m
DOM
46
Sales
6
Inv
7
Mountain View
Median
$2.6m
DOM
16
Sales
93
Inv
50
Pacifica
Median
$1.36m
DOM
22
Sales
73
Inv
38
Palo Alto
Median
$3.61m
DOM
21
Sales
170
Inv
38
Pescadero
Median
n/a
DOM
0
Sales
0
Inv
2
Portola Valley
Median
$3.6m
DOM
30
Sales
21
Inv
12
Redwood City
Median
$2.18m
DOM
18
Sales
190
Inv
64
Redwood Shores
Median
$1.98m
DOM
27
Sales
28
Inv
14
San Bruno
Median
$1.35m
DOM
28
Sales
69
Inv
27
San Carlos
Median
$2.63m
DOM
15
Sales
92
Inv
27
San Gregorio
Median
n/a
DOM
0
Sales
0
Inv
1
San Jose
Median
$1.56m
DOM
22
Sales
1,395
Inv
752
San Martin
Median
$1.85m
DOM
28
Sales
4
Inv
6
San Mateo
Median
$1.83m
DOM
25
Sales
213
Inv
78
Santa Clara
Median
$1.8m
DOM
20
Sales
156
Inv
84
Saratoga
Median
$4.19m
DOM
25
Sales
80
Inv
31
South San Francisco
Median
$1.3m
DOM
22
Sales
77
Inv
25
Stanford
Median
$788k
DOM
235
Sales
1
Inv
1
Sunnyvale
Median
$2.55m
DOM
15
Sales
197
Inv
61
Woodside
Median
$5.35m
DOM
42
Sales
23
Inv
18