Is Cupertino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cupertino has remained a Seller's Market.
Housing Prices in Cupertino, CA
How much do homes in Cupertino, CA cost?
Median Sold Price
$2,936,666
$1,494/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cupertino was $2,936,666 in June 2024, up 17.8% from last year, and the median price per square foot was $1,494.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $847.5K | +5.9% |
2 Bedrooms | $1.2M | $1.2M | +4.9% |
3 Bedrooms | $2.3M | $2.7M | +15.2% |
4 Bedrooms | $2.9M | $3.3M | +11.7% |
5+ Bedrooms | $3.5M | $3.9M | +9.2% |
Summary: Cupertino housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Cupertino | $2.4M | $2.9M | +17.8% |
West Santa Clara | $4.2M | $4.8M | +12.8% |
Saratoga | $3.5M | $3.8M | +10.6% |
Los Altos | $3.7M | $4.0M | +8.3% |
Sunnyvale | $1.7M | $1.8M | +4.8% |
Housing Supply in Cupertino, CA
How many homes are available in Cupertino, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 92 | -1.1% |
Summary: The Cupertino real estate market had 92 homes for sale in June 2024, a 1.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 29 | 28 | -3.4% |
4 Bedrooms | 29 | 30 | +3.4% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Cupertino housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 | 32 | -17.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Cupertino in June 2024, down by 17.9% month-over-month. Of the 32 sold homes, 9% were sold under asking, 9% were sold at asking, and 81% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 12 Days | +13.7% |
Summary: Homes in Cupertino had an average of 12 days on market in Jun 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Cupertino; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.