Market Update
Silicon Valley & Peninsula
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$1.71m
1% less than in
Q3 2025
Q3 2025
Avg. Days On Market
30
3% more than in
Q3 2025
Q3 2025
Closed Sales
3,495
6% fewer than in
Q3 2025
Q3 2025
Inventory
2,834
39% more than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $1.51m | $1.88m | 3951 |
| Q3 '23 | $1.61m | $2.02m | 3359 |
| Q3 '24 | $1.7m | $2.07m | 3726 |
| Q3 '25 | $1.72m | $2.15m | 3718 |
| Q3 '26 | $1.71m | $2.24m | 3495 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $1m | 19.2% |
|---|---|
| Q3 '26 | 672 |
| Q3 '25 | 659 |
| 1YR CHANGE | +2% |
| Closed $1m - $3m | 61.0% |
| Q3 '26 | 2132 |
| Q3 '25 | 2368 |
| 1YR CHANGE | -10% |
| Closed $3m - $5m | 14.2% |
| Q3 '26 | 495 |
| Q3 '25 | 529 |
| 1YR CHANGE | -6% |
| Closed Over $5m | 5.6% |
| Q3 '26 | 196 |
| Q3 '25 | 162 |
| 1YR CHANGE | +21% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 26 | $1.51m |
| Q3 '23 | 22 | $1.61m |
| Q3 '24 | 22 | $1.7m |
| Q3 '25 | 29 | $1.72m |
| Q3 '26 | 30 | $1.71m |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
39%
New Listings
New Listings represents the number of properties listed during the quarter.
12%
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.
50%
Closed Sales
-6%
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.
3%
Atherton
Median
$11.7m
DOM
18
Sales
18
Inv
18
Belmont
Median
$2.43m
DOM
28
Sales
47
Inv
23
Brisbane
Median
$1.39m
DOM
35
Sales
12
Inv
5
Burlingame
Median
$2.93m
DOM
22
Sales
72
Inv
31
Campbell
Median
$1.97m
DOM
31
Sales
64
Inv
58
Cupertino
Median
$2.99m
DOM
26
Sales
64
Inv
55
Daly City
Median
$1.15m
DOM
29
Sales
88
Inv
53
East Palo Alto
Median
$945k
DOM
42
Sales
28
Inv
21
El Granada
Median
$1.55m
DOM
52
Sales
13
Inv
14
Foster City
Median
$1.25m
DOM
35
Sales
47
Inv
28
Gilroy
Median
$1.1m
DOM
41
Sales
85
Inv
78
Half Moon Bay
Median
$1.7m
DOM
54
Sales
37
Inv
47
Hillsborough
Median
$6.55m
DOM
39
Sales
26
Inv
23
La Honda
Median
$680k
DOM
19
Sales
4
Inv
7
Loma Mar
Median
n/a
DOM
0
Sales
0
Los Altos
Median
$4.72m
DOM
34
Sales
76
Inv
38
Los Altos Hills
Median
$6.38m
DOM
33
Sales
24
Inv
21
Los Gatos
Median
$2.7m
DOM
37
Sales
97
Inv
145
Menlo Park
Median
$3.45m
DOM
29
Sales
78
Inv
53
Millbrae
Median
$2.3m
DOM
13
Sales
34
Inv
17
Milpitas
Median
$1.49m
DOM
28
Sales
63
Inv
74
Montara
Median
$1.51m
DOM
70
Sales
7
Inv
1
Monte Sereno
Median
$4.25m
DOM
20
Sales
12
Inv
7
Morgan Hill
Median
$1.47m
DOM
36
Sales
86
Inv
104
Moss Beach
Median
$1.33m
DOM
51
Sales
8
Inv
4
Mountain View
Median
$2.56m
DOM
27
Sales
78
Inv
74
Pacifica
Median
$1.3m
DOM
31
Sales
81
Inv
47
Palo Alto
Median
$3.88m
DOM
21
Sales
119
Inv
59
Pescadero
Median
n/a
DOM
0
Sales
0
Inv
2
Portola Valley
Median
$5.45m
DOM
53
Sales
16
Inv
15
Redwood City
Median
$2.25m
DOM
23
Sales
149
Inv
105
Redwood Shores
Median
$1.63m
DOM
37
Sales
28
Inv
17
San Bruno
Median
$1.26m
DOM
29
Sales
64
Inv
40
San Carlos
Median
$2.55m
DOM
23
Sales
77
Inv
42
San Gregorio
Median
$2.5m
DOM
0
Sales
1
Inv
1
San Jose
Median
$1.45m
DOM
31
Sales
1,221
Inv
1,103
San Martin
Median
$1.53m
DOM
12
Sales
8
Inv
8
San Mateo
Median
$1.65m
DOM
28
Sales
152
Inv
115
Santa Clara
Median
$1.77m
DOM
28
Sales
144
Inv
120
Saratoga
Median
$4.18m
DOM
32
Sales
66
Inv
46
South San Francisco
Median
$1.24m
DOM
25
Sales
70
Inv
33
Stanford
Median
$3.06m
DOM
31
Sales
4
Inv
1
Sunnyvale
Median
$2.4m
DOM
21
Sales
157
Inv
90
Woodside
Median
$4.08m
DOM
29
Sales
15
Inv
20