11.03–11.09
Atherton
Median list price $11.749M (+$1.509M), 14 listings, Market Action Index (MAI) 46. Zero new listings for a second straight week; price per sq ft is exactly flat at $2,641 — the median jump is pure composition on 14 listings, not appreciation.
Palo Alto North (94301)
Median list price $9.144M (+$3.2465M), 12 listings, MAI 57. This week's biggest trap: with only 12 homes on the market, a single $11.2M new listing carried the median up 55%; price per sq ft rose only 8.1%. This is not a market-wide surge.
Palo Alto Midtown (94306)
Median list price $3.498M (+$150K), 17 listings, MAI 71. The median rose while price per sq ft fell and the new-listing median dropped 21.9% — mixed signals from mix shift. Read it as flat.
Los Altos North (94022)
Median list price $5.2465M, essentially flat, 10 listings, MAI 66. The steadiest entry this week: median, price per sq ft, inventory and MAI barely moved; median days on market shortened from 32 to 18 days.
Los Altos South (94024)
Median list price $4.998M (+$398K), 13 listings, MAI 83. The median rose 8.7% but price per sq ft only 0.6% — composition again on 13 listings; at MAI 83 it remains the hottest market in the set.
Cupertino
Median list price $3.943M (-$47K), 38 listings, MAI 45. The only non-small-sample read, and the most trustworthy: slightly softer — price cuts up to 26% of listings and median DOM stretched from 42 to 70 days. Still selling, just not fiercely.
Sunnyvale North (94089 + 94085)
Median list price range $1.488M–$1.89M, 18 listings combined, MAI 38–67. MAI in 94085 fell to 38, out of the strong seller's zone — the clearest cooling signal this week; 94089 has only 5 listings, so treat its moves as noise.
Sunnyvale Midtown (94086)
Median list price $2.1334M (+$84K), 18 listings, MAI 64. The median bounced, but the page still reads prices as moving lower and 33% of listings took price cuts — a small-sample bounce, not a reversal.
Sunnyvale South (94087)
Median list price $2.398M (-$247.9K), 17 listings, MAI 89. The median fell nearly 10%, price cuts rose to 24% and DOM stretched to 35 days, yet MAI climbed to 89 — heat and falling prices at once: the top end is moving while the middle softens.
Santa Clara Midtown (95050)
Median list price $1.95M (+$56K), 20 listings, MAI 57. The median ticked up, but half of all listings cut prices — flat on the surface, conceding underneath.
Santa Clara North (95054)
Median list price $1.588M (-$6K), only 5 listings, MAI 41. Just 5 detached homes, zero new listings for a second straight week, median DOM 196 days — this area is mostly condos; the detached numbers are not a market read.
Santa Clara West (95051)
Median list price $1.928M (-$60K), 29 listings, MAI 52. Zero new listings this week and median DOM more than doubled, 28 to 70 days — older homes sitting, price cuts at 34%, steady to slightly soft.
San Jose North (95131 / 95132 / 95133)
Median list price range $1.5985M–$1.60M, 48 listings combined, MAI 39–67. All three medians converged on about $1.60M; MAI in 95131 fell to 39, out of the strong seller's zone, and 95132's price-cut share hit 52%, the highest in the set; 95133 has only 3 listings — ignore its numbers.
San Jose East (95122 / 95127 / 95135)
Median list price range $1.199M–$2.2995M, 68 listings combined, MAI 44–51. 95122 rose $119K on 13 listings (composition), 95127 and 95135 are essentially flat; new listings still price below the overall median — the older east side is flat.
San Jose South (95120 / 95123 / 95136)
Median list price range $1.3999M–$2.1689M, 116 listings combined, MAI 41–46. All three districts flat (largest move just -$58.6K), with price cuts at 27%–47% — prices holding, sellers conceding.
San Jose West (95117 / 95128 / 95129; 95130 still no data)
Median list price range $1.50M–$2.498M, 51 listings combined, MAI 44–58. 95129 rose another $154K, a second straight week at a new high (but price per sq ft fell, on only 15 listings); 95128 fell below $1.5M and was downgraded to a slight seller's advantage; 95130 has had inventory too low for a report for a seventh straight week — that pocket is not worried about selling.
Campbell
Median list price $2.1895M (-$105.5K), 32 listings, MAI 46. Price cuts hit 50% and median DOM stretched to 42 days — new supply pricing lower, older homes conceding. On the soft side.
Saratoga
Median list price $3.9989M, essentially flat, 32 listings, MAI 47. Price cuts eased from 34% to 25% and median DOM shortened from 74 to 63 days — the high-priced plateau, slightly steadier.
Los Gatos
Median list price $2.45M (+$58.5K), 95 listings, MAI 36. The page calls it another all-time high, but 43% of listings took price cuts and inventory is the deepest in the set at 95 — the high is composition; older homes are still cutting.
Mountain View South (94040)
Median list price $2.999M, flat, only 7 listings, MAI 91. Seven listings and an MAI of 91 looks alarming, but it means "nothing for sale," not "bidding wars"; price per sq ft fell $94.
Mountain View Midtown (94041)
Median list price $2.449M (-$498K), only 3 listings, MAI 56. A 17% median drop across 3 homes is noise, not a market call; zero new listings this week.
Mountain View North (94043)
Median list price $1.9889M, flat, 13 listings, MAI 54. The median has not moved for two straight weeks, zero new listings, price cuts at zero — flat, end of story.
Menlo Park
Median list price $3.89M (-$90K), 38 listings, MAI 48. MAI slid from 52 to 48 and price per sq ft fell $81 — a plateau leaning soft, with new supply concentrated at the lower end.
San Mateo North (94401)
Median list price $1.393M (-$5K), only 6 listings, MAI 65. Just 6 detached homes, zero new listings, relistings jumped to 17% — too small a sample for any weekly read.
San Mateo South (94402 + 94403)
Median list price range $2.1089M–$2.7385M, 36 listings combined, MAI 65–72. Both districts fell about $90K–$103K, MAI down 4 points or flat — prices had a long run up; the heat is fading.
Burlingame (94010 zip-code basis)
Median list price $3.9915M (+$148.5K), 10 listings, MAI 74. One of the week's few gainers: the median rose while price per sq ft fell $52 — larger new homes lifted the median on 10 listings. Do not read it as a citywide jump.
Millbrae
Median list price $2.2995M, essentially flat, 14 listings, MAI 68. The median has not moved for three straight weeks, but MAI fell 8 points in a week and 19 points versus last month — prices static, heat retreating.
San Carlos
Median list price $2.499M (-$251K), 19 listings, MAI 59. The week's biggest drop (-9.1%), with price per sq ft down $127 in the same direction — 19 listings exaggerate the size, but the softening is real.
Redwood City Downtown / East Side (94061 + 94063)
Median list price range $1.398M–$2.022M, 35 listings combined, MAI 48–76. 94061 fell $246.5K (but price per sq ft rose $87 — composition), 94063 is flat — taken together, the downtown/east side is flat.
Redwood City Hills (94062)
Median list price $3.599M (-$96K), 19 listings, MAI 54. Relistings jumped to 26% — the high-priced hills look slightly down on the surface and looser underneath.
Redwood City Redwood Shores (94065)
Median list price $2.398M (+$5K), only 5 listings, MAI 95. Four listings last week, five this week — this is not market data; ignore the MAI of 95 and the median alike.
San Francisco
Median list price $1.5875M (-$7.5K), 258 listings, MAI 66. Inventory eased from 264 and price per sq ft slipped $9 — the big market is flat to slightly soft, price cuts at 10%, still seller's territory.
San Bruno
Median list price $1.52M (-$75K), 21 listings, MAI 61. MAI fell 6 points in a week, price cuts at 29% — a small sample, leaning cool.
Fremont Mission Area (94539)
Median list price $2.4935M (-$195.5K), 20 listings, MAI 55. The median gave back nearly $200K and relistings rose to 15% — the Mission area is still warm, but do not chase last week's $2.689M.
Fremont Other (94536 / 94538 / 94555)
Median list price range $1.3945M–$1.688M, 87 listings combined, MAI 45–50. 94555 rose $89K to lead, while 94538's MAI fell to 45, the group's lowest — Fremont overall is steady with room to negotiate.
Union City
Median list price $1.382M (+$32K), 42 listings, MAI 42. Median, inventory and MAI all moved only slightly — steady to slightly soft, with a negotiating window still open.
Newark
Median list price $1.2985M, essentially flat, 52 listings, MAI 40. Price cuts at 31% and median DOM stretched to 49 days — steady to slightly soft, a market for patient buyers.
Milpitas
Median list price $1.6245M (+$56K), 22 listings, MAI 60. Prices recovered, but MAI eased from 62 and price per sq ft is flat — a plateau with slightly less heat.
The big picture
Redfin's November 5 report (four weeks ending November 1): the U.S. median sale price was $388,604, down 0.4% year over year for a third straight weekly decline; pending sales fell 16.4% year over year to the lowest level on record, down in all 50 of the largest metros for a fourth straight week. The 30-year mortgage rate was 7.24% and the typical monthly payment $2,777, a five-week low; new listings were the lowest since January. Across these 38 Silicon Valley entries, every MAI is still in seller's territory, but three markets fell out of the strong seller's zone this week (Sunnyvale North 94085 at MAI 38, San Jose West 95128 at 44, San Jose North 95131 at 39) — nationally the market is cooling; Silicon Valley is "conceding inside a seller's market," where realistically priced homes are the ones that move.
Message me if you want to know what's on the market in any of these cities.
Data: Altos Research listing-side single-family basis, updated November 9; Burlingame on a 94010 zip-code basis; 95130 has had inventory too low for a report for seven straight weeks; Redwood Shores has only 5 listings, 95133 only 3, and 94041 only 3, none read as markets; many areas are small-sample (under 25 listings), where week-to-week median moves mostly reflect composition changes; listing-side and closed-sale measures differ, so use this for trend only.