Is Saratoga, 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, Saratoga has remained a Seller's Market.
Housing Prices in Saratoga, CA
How much do homes in Saratoga, CA cost?
Median Sold Price
$3,710,000
$1,425/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saratoga was $3,710,000 in April 2024, up 4.7% from last year, and the median price per square foot was $1,425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $745K | $708K | -5.0% |
2 Bedrooms | $1.1M | $1.1M | -6.0% |
3 Bedrooms | $2.4M | $2.9M | +19.4% |
4 Bedrooms | $3.8M | $3.8M | -1.4% |
5+ Bedrooms | $4.2M | $4.5M | +7.3% |
Summary: Saratoga housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in Saratoga, CA
How many homes are available in Saratoga, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 83 | +45.6% |
Summary: The Saratoga real estate market had 83 homes for sale in April 2024, a 45.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 27 | 39 | +44.4% |
5+ Bedrooms | 13 | 24 | +84.6% |
Summary: The Saratoga housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 84.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Saratoga in April 2024, the same as the previous month. Of the 23 sold homes, 13% were sold under asking, 9% were sold at asking, and 78% were sold over asking.
Days on Market for Saratoga, CA
How long does it take to sell a home in Saratoga, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 28 Days | -35.9% |
Summary: Homes in Saratoga had an average of 28 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Saratoga; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.