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In 2014, 70% of Bay Area homes sold for under $1 million. Now, just 26% do

Summary by The Mercury News
The under-a-million-dollar home appears to be on a path to extinction in the Bay Area. A decade ago, nearly 70% of single-family homes in the five-county Bay Area sold for under $1 million. As of 2024, that figure had fallen to just 26%, according to data from the California Association of Realtors. Here’s how much the percentage of homes sold under a million dollars has changed in the five-county core Bay Area: — Alameda: 84% in 2014 to 30% in …

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Palo Alto Online broke the news in on Tuesday, March 11, 2025.
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