Cities With the Fastest-growing Home Prices in the San Jose Metro Area

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Cities with the fastest-growing home prices in the San Jose metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $361,371 in February, 0.4% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

compiled a list of cities with the most expensive homes in the San Jose-Sunnyvale-Santa Clara, CA metro area using data from . Charts show the monthly typical home value since January 2018.

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#20. Milpitas, CA

- 1-year price change: -$49,736 (-3.3%)
- 5-year price change: +$351,161 (+31.1%)
- Typical home value: $1,480,234 (#14 most expensive city in metro)

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#19. San Jose, CA

- 1-year price change: -$39,602 (-2.7%)
- 5-year price change: +$345,161 (+31.6%)
- Typical home value: $1,435,993 (#15 most expensive city in metro)

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#18. Lexington Hills, CA

- 1-year price change: -$32,221 (-2.4%)
- 5-year price change: +$99,389 (+8.1%)
- Typical home value: $1,325,602 (#17 most expensive city in metro)

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#17. Gilroy, CA

- 1-year price change: -$32,101 (-2.9%)
- 5-year price change: +$196,736 (+22.6%)
- Typical home value: $1,067,253 (#18 most expensive city in metro)

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#16. Santa Clara, CA

- 1-year price change: -$20,527 (-1.2%)
- 5-year price change: +$410,599 (+30.8%)
- Typical home value: $1,742,578 (#12 most expensive city in metro)

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#15. Hollister, CA

- 1-year price change: -$10,040 (-1.3%)
- 5-year price change: +$73,385 (+10.7%)
- Typical home value: $759,483 (#20 most expensive city in metro)

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#14. Mountain View, CA

- 1-year price change: -$5,638 (-0.3%)
- 5-year price change: +$298,279 (+17.5%)
- Typical home value: $1,998,422 (#10 most expensive city in metro)

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#13. Sunnyvale, CA

- 1-year price change: -$4,620 (-0.2%)
- 5-year price change: +$444,456 (+26.6%)
- Typical home value: $2,115,823 (#9 most expensive city in metro)

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#12. Morgan Hill, CA

- 1-year price change: -$909 (-0.1%)
- 5-year price change: +$280,713 (+26.6%)
- Typical home value: $1,334,626 (#16 most expensive city in metro)

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#11. San Juan Bautista, CA

- 1-year price change: -$401 (-0.0%)
- 5-year price change: +$116,149 (+14.7%)
- Typical home value: $906,424 (#19 most expensive city in metro)

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#10. Los Gatos, CA

- 1-year price change: +$5,889 (+0.2%)
- 5-year price change: +$673,431 (+35.8%)
- Typical home value: $2,554,572 (#8 most expensive city in metro)

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#9. San Martin, CA

- 1-year price change: +$31,208 (+2.0%)
- 5-year price change: +$271,748 (+20.9%)
- Typical home value: $1,569,493 (#13 most expensive city in metro)

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#8. Campbell, CA

- 1-year price change: +$32,805 (+1.7%)
- 5-year price change: +$558,841 (+40.5%)
- Typical home value: $1,937,114 (#11 most expensive city in metro)

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#7. Cupertino, CA

- 1-year price change: +$64,255 (+2.1%)
- 5-year price change: +$895,668 (+40.2%)
- Typical home value: $3,121,347 (#7 most expensive city in metro)

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#6. Palo Alto, CA

- 1-year price change: +$68,791 (+1.9%)
- 5-year price change: +$673,069 (+22.8%)
- Typical home value: $3,619,229 (#5 most expensive city in metro)

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#5. Stanford, CA

- 1-year price change: +$69,202 (+2.2%)
- 5-year price change: +$727,961 (+29.0%)
- Typical home value: $3,236,454 (#6 most expensive city in metro)

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#4. Saratoga, CA

- 1-year price change: +$98,144 (+2.5%)
- 5-year price change: +$1,228,830 (+43.1%)
- Typical home value: $4,080,286 (#4 most expensive city in metro)

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#3. Los Altos Hills, CA

- 1-year price change: +$149,800 (+2.6%)
- 5-year price change: +$1,252,109 (+27.1%)
- Typical home value: $5,865,937 (#1 most expensive city in metro)

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#2. Los Altos, CA

- 1-year price change: +$154,433 (+3.5%)
- 5-year price change: +$1,250,826 (+37.7%)
- Typical home value: $4,566,299 (#2 most expensive city in metro)

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#1. Monte Sereno, CA

- 1-year price change: +$157,973 (+3.8%)
- 5-year price change: +$1,061,681 (+32.9%)
- Typical home value: $4,285,897 (#3 most expensive city in metro)

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