How Do Real Estate Prices in Silicon Valley Compare to Nearby Metropolitan Areas?

Silicon Valley: California’s Most Expensive Housing Market

Silicon Valley continues to outpace every nearby metro when it comes to home values.

• Median home price: ~$1.9M+

• Palo Alto, Los Altos, and Cupertino: $2.5M–$3.5M+

• San Jose: ~$1.25M

Demand from major tech employers, limited land, and top-rated schools keep Silicon Valley prices at the highest level in the state.

San Francisco Metro: Still Expensive, but Lower Than Silicon Valley

San Francisco’s real estate market remains competitive, but overall prices run notably lower than Silicon Valley.

• Median sale price: $1.25M–$1.4M

• More diverse neighborhoods and property types

• Slightly better entry-level opportunities compared to core Silicon Valley cities

In short: Silicon Valley homes often cost 25%–35% more than San Francisco.

Los Angeles Metro: High Prices, But Far More Affordable

Los Angeles offers a significantly lower price point compared to both Silicon Valley and San Francisco.

• Median sale price: ~$1.0M–$1.1M

• Larger, more varied housing supply

• More mid-priced options across suburbs and neighborhoods

In short: LA home prices are 40%–50% lower than Silicon Valley.

Quick Price Comparison

What Buyers & Sellers Should Know

• Buyers: Silicon Valley’s premium pricing reflects proximity to tech, schools, and lifestyle amenities. If affordability is a concern, surrounding metros may offer better value—but with tradeoffs in commute or neighborhood feel.

• Sellers: You’re in one of the strongest markets in the country. Strategic marketing, staging, and pricing can help you capture the full value of your home.