Is Santa Clara County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Santa Clara County has remained a Seller's Market.
Housing Prices in Santa Clara County, CA
How much do homes in Santa Clara County, CA cost?
Median Sold Price
$1,518,605
$931/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Clara County was $1,518,605 in April 2024, up 7.4% from last year, and the median price per square foot was $931.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $575K | $579K | +0.7% |
2 Bedrooms | $869.3K | $906.8K | +4.3% |
3 Bedrooms | $1.4M | $1.5M | +6.2% |
4 Bedrooms | $1.7M | $1.8M | +4.4% |
5+ Bedrooms | $2.3M | $2.7M | +13.4% |
Summary: Santa Clara County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Counties
Santa Clara County | $1.4M | $1.5M | +7.4% |
San Mateo County | $1.5M | $1.5M | +2.4% |
Alameda County | $1.0M | $1.1M | +1.7% |
Santa Cruz County | $1.1M | $1.1M | -1.1% |
Housing Supply in Santa Clara County, CA
How many homes are available in Santa Clara County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,487 | 3,109 | +25.0% |
Summary: The Santa Clara County real estate market had 3,109 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 114 | 130 | +14.0% |
2 Bedrooms | 518 | 625 | +20.7% |
3 Bedrooms | 878 | 1,111 | +26.5% |
4 Bedrooms | 714 | 913 | +27.9% |
5+ Bedrooms | 263 | 330 | +25.5% |
Summary: The Santa Clara County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
897 | 1,133 | +26.3% |
Asking Price vs. Sold Price
161 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
841 Homes Were Sold
Over Asking
Summary: A total of 1,133 homes were sold or pending in Santa Clara County in April 2024, up by 26.3% month-over-month. Of the 1,085 sold homes, 15% were sold under asking, 8% were sold at asking, and 78% were sold over asking.
Days on Market for Santa Clara County, CA
How long does it take to sell a home in Santa Clara County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 13 Days | -31.2% |
Summary: Homes in Santa Clara County had an average of 13 days on market in Apr 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
1,043 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1133 homes were sold in Santa Clara County; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.