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 2024

— Contra Costa: 84% in 2014 to 58% in 2024

— San Francisco: 45% in 2014 to 10% in 2024

— San Mateo: 47% in 2014 to 3.7% in 2024

— Santa Clara: 61% in 2014 to 5.6% in 2024

Meanwhile, the number of homes sold above $2 million in the region has grown from 6.9% in 2014 to 29.6%.