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.
Key Takeaway
Santa Clara County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Santa Clara County have sold for 7.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Santa Clara County, you could pay more than the asking price. 77.5% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Santa Clara County are selling fast, if you're buying plan to act quickly.
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.
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