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Midpeninsula Housing Market Cools: Fewer Bidders Overpay

1/31/2026

34 3 Full Breakdown

Summary

Story summary

In December 2025, the Midpeninsula housing market cooled as fewer buyers paid over asking prices.
Mountain View and Los Altos saw 85% and 73% of buyers pay above list price, respectively.
Palo Alto declined to 40%.
East Palo Alto slowed significantly, with homes averaging 58 days on the market.
Redwood City saw reduced buyer competition, with 42% paying over asking.

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Story summary

In December 2025, the Midpeninsula housing market cooled as fewer buyers paid over asking prices.
Mountain View and Los Altos saw 85% and 73% of buyers pay above list price, respectively.
Palo Alto declined to 40%.
East Palo Alto slowed significantly, with homes averaging 58 days on the market.
Redwood City saw reduced buyer competition, with 42% paying over asking.