Blog > Bought in Silicon Valley in 2022? Where Prices Stand Now, City by City
If you bought a Silicon Valley home in 2022, you bought in the year prices peaked in the spring and then dipped. Where do prices stand now? Here’s every city’s median price per square foot over the last 12 months (October 2025 – September 2026) against its 2022 median, from closed MLS sales.
The short answer
- Silicon Valley overall: +5% against 2022 ($943 per square foot then, $992 now).
- Santa Clara County: +6%. Bay-side San Mateo County: +4%.
- Still below 2022: 8 of the 25 cities with 100+ sales in the last 12 months: Foster City, Daly City, Gilroy, Milpitas, South San Francisco, Mountain View, San Bruno and Millbrae.
- Furthest above: Cupertino (+14%), Palo Alto (+13%) and Los Altos (+12%).
Every city, 2022 against now
Median price per square foot, all home types. Tap a city to open the Then & Now Calculator with 2022 already picked.
| City | 2022 | Last 12 months | Change |
|---|---|---|---|
| Foster City | $978 | $906 | −7% |
| Daly City | $809 | $777 | −4% |
| Gilroy | $537 | $524 | −2% |
| Milpitas | $820 | $805 | −2% |
| South San Francisco | $853 | $838 | −2% |
| Mountain View | $1,125 | $1,109 | −1% |
| San Bruno | $909 | $903 | −1% |
| Millbrae | $1,105 | $1,099 | −1% |
| Morgan Hill | $631 | $635 | +1% |
| Los Gatos | $1,077 | $1,103 | +2% |
| Belmont | $1,207 | $1,252 | +4% |
| San Jose | $832 | $873 | +5% |
| Burlingame | $1,381 | $1,456 | +5% |
| Redwood City | $1,128 | $1,191 | +6% |
| San Carlos | $1,227 | $1,299 | +6% |
| Menlo Park | $1,487 | $1,579 | +6% |
| Saratoga | $1,393 | $1,490 | +7% |
| San Mateo | $1,029 | $1,106 | +7% |
| Campbell | $1,004 | $1,080 | +8% |
| Sunnyvale | $1,126 | $1,230 | +9% |
| Santa Clara | $977 | $1,075 | +10% |
| Hillsborough | $1,458 | $1,619 | +11% |
| Los Altos | $1,678 | $1,878 | +12% |
| Palo Alto | $1,721 | $1,945 | +13% |
| Cupertino | $1,310 | $1,496 | +14% |
Reading it right
- 2022 is a whole year. It holds the spring peak and the dip that followed, so someone who bought in April 2022 paid more than the year’s median, and someone who bought that December likely paid less.
- These are city-wide medians. They mix houses, condos and townhomes and every neighborhood. A single home can sit well above or below its city’s line.
- Selling has costs. A price at or slightly above what you paid doesn’t cover commissions, transfer taxes and other costs of selling.
- It isn’t a forecast or a value for your home. The closest recent sales are the best guide to that.
See your own numbers
The Then & Now Calculator takes your city, purchase year and price and shows where that price would be at the city’s pace, with a growth matrix for every year since 2012. The year-by-year medians are on Home Price History, and every dataset is in the Property Nerds® Data Library.
Wondering what your home would sell for?
A Property Nerd will pull the closest recent sales to your home and walk you through what it would likely sell for now. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.