Is Sunnyvale, 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, Sunnyvale has remained a Seller's Market.
Housing Prices in Sunnyvale, CA
How much do homes in Sunnyvale, CA cost?
Median Sold Price
$1,837,666
$1,215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sunnyvale was $1,837,666 in May 2024, up 7.2% from last year, and the median price per square foot was $1,215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $629.4K | $656.5K | +4.3% |
2 Bedrooms | $1.0M | $1.1M | +13.3% |
3 Bedrooms | $1.6M | $1.8M | +15.7% |
4 Bedrooms | $2.4M | $2.5M | +4.6% |
5+ Bedrooms | $2.7M | $2.9M | +6.1% |
Summary: Sunnyvale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Cupertino | $2.5M | $2.9M | +18.5% |
Santa Clara | $1.4M | $1.6M | +10.5% |
Mountain View | $1.6M | $1.8M | +8.4% |
Sunnyvale | $1.7M | $1.8M | +7.2% |
Los Altos | $3.7M | $3.9M | +4.1% |
Housing Supply in Sunnyvale, CA
How many homes are available in Sunnyvale, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
191 | 223 | +16.8% |
Summary: The Sunnyvale real estate market had 223 homes for sale in May 2024, a 16.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 42 | 47 | +11.9% |
3 Bedrooms | 86 | 95 | +10.5% |
4 Bedrooms | 50 | 60 | +20.0% |
5+ Bedrooms | 10 | 19 | +90.0% |
Summary: The Sunnyvale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 90%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 93 | +17.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Sunnyvale in May 2024, up by 17.7% month-over-month. Of the 88 sold homes, 6% were sold under asking, 3% were sold at asking, and 91% were sold over asking.
Days on Market for Sunnyvale, CA
How long does it take to sell a home in Sunnyvale, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 9 Days | -12.8% |
Summary: Homes in Sunnyvale had an average of 9 days on market in May 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 93 homes were sold in Sunnyvale; 96% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.