Is Cupertino, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cupertino is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Cupertino has remained a Seller's Market.

Key Takeaway

Cupertino is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cupertino, CA

How much do homes in Cupertino, CA cost?

Median Sold Price

$2,760,000

$1,422/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$260,000(+10.4%)

Key Takeaway

Homes in Cupertino have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Cupertino was $2,760,000 in January 2024, up 10.4% from last year, and the median price per square foot was $1,422.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $847.6K$825K
-2.7%
2 $1.2M$1.2M
+1.6%
3 $2.4M$2.5M
+6.1%
4 $3.0M$3.1M
+3.8%
5+ $3.6M$3.7M
+4.2%

Summary: Cupertino housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities

Cupertino
+10.4%
Sunnyvale
+4.8%
Saratoga
+2.1%
Los Altos
-1.2%
West Santa Clara
-13.3%

Housing Supply in Cupertino, CA

How many homes are available in Cupertino, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3746+24.3%

Summary: The Cupertino real estate market had 46 homes for sale in January 2024, a 24.3% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 1919
0.0%
4 812
+50.0%
5+ 46
+50.0%

Summary: The Cupertino housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cupertino, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Cupertino in January 2024, down by 22.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.

Days on Market for Cupertino, CA

How long does it take to sell a home in Cupertino, CA?

Average Sale Time

Jan 2023Jan 2024CHANGE
11 Days22 Days+93.8%

Summary: Homes in Cupertino had an average of 22 days on market in Jan 2024, up by 93.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cupertino are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 14 homes were sold in Cupertino; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Cupertino, CA

Nearby Markets to Cupertino, CA

What housing markets are near Cupertino, CA?