Bay Area Median Home Prices Near Record Highs as They Continue to Climb
In May, the median home price in the Bay Area rose to $1.46 million.
Housing prices in the Bay Area are still rising, approaching the $1.5 million record for median prices set in April 2022, as indicated by recent home sales data from the California Association of Realtors.
In May, the median home price in the Bay Area reached $1.46 million, showing a slight increase from the previous month and a 12% rise compared to the previous year.
San Mateo County is experiencing a significant rise in home prices, contributing to the overall increase despite high interest rates. In May, the median home price in San Mateo was $2.4 million, which represents a $250,000 increase from April and a $325,000 rise compared to the same period last year.
Santa Clara County is the other county with a median home price exceeding $2 million. In May, the median price there was $2.1 million, showing a $100,000 increase from the previous month and a $312,000 rise from the previous year.
Click the full report
