August 2026 South Bay & Peninsula Market Report

In August 2026, the South Bay and Peninsula recorded 1,079 closed sales — 836 in the South Bay and 243 on the Peninsula.

Single-family homes remain the strongest segment.
573 South Bay closings. Palo Alto led with a 109.11% sale-to-list ratio, followed by Los Altos at 107.03% and Sunnyvale at 106.86%. On the Peninsula, 170 closings — San Mateo topped both regions at 112.04%, with San Carlos at 106.57% and Burlingame at 106.02%.

Most cities saw homes close within one to two weeks.

Townhomes.
127 South Bay closings, with Mountain View strongest at 104.25%. Median prices: Palo Alto $1.75M, Cupertino $1.51M, Santa Clara $1.49M, Mountain View $1.45M, Sunnyvale $1.36M, San Jose $940K.
21 Peninsula closings — Menlo Park at $2.25M, Belmont at $1.52M.

Condos.
136 South Bay and 52 Peninsula closings. Most cities closed at or near asking. Days on market ran one to two months, the slowest of the three segments. Sunnyvale (103.33%) and Burlingame (103.29%) were among the few above list.

Reading the numbers.
A sale-to-list ratio above 100% indicates multiple competing offers. Cities with fewer than five closings in a month are driven by individual transactions and should be read with caution.

Full report with city-level detail available below.