Is Mountain View, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mountain View has remained a Seller's Market.
Housing Prices in Mountain View, CA
How much do homes in Mountain View, CA cost?
Median Sold Price
$1,822,933
$1,165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mountain View was $1,822,933 in May 2024, up 8.4% from last year, and the median price per square foot was $1,165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $610K | $618.5K | +1.4% |
2 Bedrooms | $1.1M | $1.2M | +12.4% |
3 Bedrooms | $1.8M | $2.0M | +9.9% |
4 Bedrooms | $2.6M | $2.9M | +9.8% |
5+ Bedrooms | $3.4M | $3.7M | +8.8% |
Summary: Mountain View housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in Mountain View, CA
How many homes are available in Mountain View, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
156 | 162 | +3.8% |
Summary: The Mountain View real estate market had 162 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 15 | -28.6% |
2 Bedrooms | 42 | 46 | +9.5% |
3 Bedrooms | 59 | 64 | +8.5% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Mountain View housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 71 | +42.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Mountain View in May 2024, up by 42.0% month-over-month. Of the 69 sold homes, 23% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for Mountain View, CA
How long does it take to sell a home in Mountain View, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 13 Days | -26.0% |
Summary: Homes in Mountain View had an average of 13 days on market in May 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Mountain View; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.