Silicon Valley Real Estate Market October 2025 Market Snapshot As the fall selling season began, most Bay Area markets saw significant year-over-year (y-o-y) increases in their number of home sales in September. Of the larger county markets, San Francisco had a particularly dramatic 35% increase in sales. All counties except San Francisco had year-over-year increases in their number of active listings on the market, however SF saw its number of homes for sale plunge y-o-y by 28%. The big increase in sales coupled with the large decline in listings has added huge pressure to the SF market. $5M+ Home Sales September sales of $5 million+ homes in the Bay Area soared 62% from August and 55% from September 2024. The big markets for $5m+ homes are – in order of sales volume – Santa Clara, San Mateo, San Francisco and Marin Counties:  All saw dramatic year-over-year increases of 39% to 60%. Santa Clara and San Mateo Counties, beneficiaries of their more established AI booms, dominate sales in this price segment, with 64% of all year-to-date sales in the Bay Area. The $5m+ markets of Napa and Sonoma Counties remain very strong buyer’s markets with high numbers of (spectacular) listings for sale as compared to buyer demand. Majority of the over $2M sales were done in all cash. [see graph 1 and 2 below] Median Home Price Year-to date median house sales prices increased year-over-year in Santa Clara (5.3%), San Francisco (3.8%) and San Mateo (1%) Counties. Most other Bay Area counties, not (yet) significantly affected by the AI boom and more affected by sluggish economic indicators prevailing in most of 2025 to date, saw unchanged or declining median house prices. Single family homes fair better. For the condo market, average days on the market has doubled, prices are softer. After huge monthly year-over-year increases in the number of price reductions in 2025 – the y-o-y increase in May 2025 was 65% – the number plunged in September, continuing its decline from its June peak, and was essentially unchanged from September 2025, a very significant shift in market dynamics. In most area markets, sellers are no longer racing to reduce prices to attract the attention of buyers. Fire Insurance Insurance is still a challenging issue for buyers of properties in rural areas. Graph 3 below shows the increasing challenge as properties moving away from downtown aera. [Patrick Carlisle, Chief Market Analyst, Compass] Resources Available If you have any questions or need real estate resources nation wide, I am happy to help. Please feel free to reach out. Our goal is to bring genuine care, outstanding real estate services, and significant value, in order to positively impact our communities and clients.   Below are the market data, and stats for the last 24 months in Santa Clara and San Mateo counties. Stats in other areas are available upon request.

Santa Clara County

Last 24 Months

San Mateo County

Last 24 Months