For single-family homes, San Jose is the most expensive metro in the nation. The media selling price for a single-family home has increased by 8.9% this year to a mind-numbing $980,000.
San Francisco was second on the list with a median sale price of $841,600, which is up 9% over last year. Keep in mind these are metro areas, not just the city itself. Oakland and Fremont are bringing down the median for San Francisco, just as Palo Alto and Mountain View and increasing the median for San Jose.