San Mateo County took San Francisco’s distinction as most expensive Bay Area housing market last month, according to a report from residential real estate firm Pacific Union.
The median home price of in the county currently sits at $1.47 million, compared to San Francisco’s $1.39 million. Selma Hepp, Pacific Union’s chief economist, said that this is the first time that San Mateo prices have overtaken San Francisco in a decade.
Santa Clara and Marin Counties followed closely behind with median home prices of $1.26 million and $1.25 million, respectively. Santa Clara had the fastest year-over-year growth at 29 percent.