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 February 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

$2,800,000

$1,435/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$300,000(+12.0%)

Key Takeaway

Homes in Cupertino have sold for 12% more than they did a year ago.

Summary: The median home sold price in Cupertino was $2,800,000 in February 2024, up 12% from last year, and the median price per square foot was $1,435.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $847.6K$825K
-2.7%
2 $1.2M$1.2M
+5.4%
3 $2.3M$2.5M
+7.3%
4 $3.0M$3.1M
+4.0%
5+ $3.5M$3.8M
+8.8%

Summary: Cupertino housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

Cupertino
+12.0%
Sunnyvale
+5.2%
Saratoga
+4.0%
Los Altos
-3.0%
West Santa Clara
-7.0%

Housing Supply in Cupertino, CA

How many homes are available in Cupertino, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4161+48.8%

Summary: The Cupertino real estate market had 61 homes for sale in February 2024, a 48.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 812
+50.0%
3 1917
-10.5%
4 1017
+70.0%
5+ 415
+275.0%

Summary: The Cupertino housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 275%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

11 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. 73.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Cupertino in February 2024, up by 14.3% month-over-month. Of the 15 sold homes, 7% were sold under asking, 20% were sold at asking, and 73% 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

Feb 2023Feb 2024CHANGE
26 Days9 Days-65.1%

Summary: Homes in Cupertino had an average of 9 days on market in Feb 2024, down by 65.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was 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 February 2024, 16 homes were sold in Cupertino; 94% of homes were sold within 30 days, 6% 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 28 Days Ago

Newest Listings in Cupertino, CA

Nearby Markets to Cupertino, CA

What housing markets are near Cupertino, CA?