SoCal counties may have been all over the map when it comes to median sold prices last month, but NorCal netted notable gains across most areas.
As we previously reported, the Golden State as a whole saw home prices continue to stabilize, dipping below the $800,000 benchmark for the second straight month. The statewide median price was down 2 percent from October to $782,480.
According to the California Association of Realtors, the Bay Area region as a whole saw the median price rise 2 percent between October and November, landing at an average of $1.3 million. On the county level, San Mateo saw the largest increase at 5.3 percent as the median price rose from $2,110,000 to $2,222,500.
San Francisco was close behind with November’s median price clocking in at $1.9 million, up from $1.822 million the month prior. Santa Clara prices were up 4.2 percent up to $1,692,500, while Alameda jumped 1.6 percent to $1.3 million.
Marin saw the most significant decrease in median sold prices, down 8.9 percent. In November, the average sale price was $1,535,000, down from $1,685,000 in October.