With a median single-family home sale price of $808,000 in the first quarter of 2014, “San Jose” ranked as the most expensive major metropolitan statistical area (MSA) in the United States, according to the National Association of Realtors.
The “San Francisco” MSA, which includes Oakland and Fremont, ranked as the second most expensive metro area with a median single-family home sale price of $679,800. Honolulu, which was the most expensive metro area in 2011, ranked third at $672,300 last quarter. San Jose, which includes Sunnyvale and Santa Clara, passed Honolulu in 2012. San Francisco passed Honolulu in 2013.
For perspective, the median sale price for a single-family home in the 170 largest MSA’s was $191,600 in the first quarter of the year. The three least expensive metro areas were Youngstown, Ohio ($64,600); Decatur, Illinois ($69,600); and Toledo, Ohio ($72,100).