County’s median home price rises from $898K to $1.2M in one year

median home price

What goes up must come down, but perhaps that doesn’t include the home price in the Bay Area, which jumped 14.7 percent from 2017, reaching the median sale price peak of $820,000 in March, according to Bay City News, citing the data by CoreLogic reported Tuesday.

Santa Clara County is seeing the highest rate of change in year-over-year estimates, with median home prices jumping 33.6 percent from $898,000 in March 2017 to $1.2 million in March 2018, according to the report.

The highest median sales price, however, was in San Mateo County at $1.3 million, followed closely not just by Santa Clara County but also San Francisco and Marin counties.

Solano County had the lowest median price at $425,000 with Sonoma and Contra Costa counties below $600,000, according to Bay City News.

Over the last 30 years, home prices have gone up by 39.8 percent, CoreLogic reported.