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 November 2021

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.

How much do homes in Cupertino, CA cost?

Median Sold Price

$2,486,000

$1,309/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$148,778(+6.4%)

Key Takeaway

Homes in Cupertino have sold for 6.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $830K$847.6K
+2.1%
2 $1.2M$1.2M
-1.6%
3 $2.1M$2.3M
+11.8%
4 $2.8M$3.0M
+8.4%
5+ $3.2M$3.7M
+13.1%

Median Sold Price Compared To Nearby Cities

West Santa Clara
+14.9%
Sunnyvale
+10.0%
Saratoga
+8.7%
Cupertino
+6.4%
Los Altos
+5.9%

How many homes are available in Cupertino, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
6147-23.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 63
-50.0%
2 1613
-18.8%
3 109
-10.0%
4 139
-30.8%
5+ 1613
-18.8%

Number of Homes Sold

Oct 2022Nov 2022%
2218-18.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cupertino, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days24 Days+65.1%

Breakdown of Home Sale Times

13 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.

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

About Cupertino, CA

Cupertino, CA has 47 homes for sale to choose from. In November 2022 in Cupertino, CA there were 23% less homes for sale than in October 2022. In November 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $2,486,000. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 2.1%, 2 bedrooms properties became 1.6% more cheaper, 3 bedrooms properties became 11.8% more expensive, 4 bedrooms properties became 8.4% more expensive, 5 bedrooms properties prices increased by 13.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 50%, number of 2 bedrooms homes decreased by 18.8%, volume of 3 bedrooms homes went down by 10%, 4 bedrooms homes inventory decreased by 30.8%, number of 5 bedrooms homes decreased by 18.8%. In November 2022, from all listings sold in Cupertino, CA there were more than 6 sold above asking price, over 8 sold below and more than 2 were sold right at the asked price.

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