Average Silicon Valley Home Prices Top $2 Million, Set National Record

Single-family home prices in Silicon Valley—the world’s technology capital encompassing San Jose, Sunnyvale, and Santa Clara south of San Francisco—reached all-time highs averaging more than $2 million in the second quarter of 2024, according to an Aug. 13 report from the National Association of Realtors. It represents the first time the $2 million threshold was crossed since the realtors association began tracking housing prices in 1979, according to a press release accompanying the report. California is home to seven of the 10 most expensive metropolitan markets in the country. The San Francisco Bay Area, which includes Silicon Valley, ranked second nationwide with homes approaching an average of $1.45 million....