Is Cupertino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$2,800,000
$1,435/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $847.6K | $825K | -2.7% |
2 Bedrooms | $1.2M | $1.2M | +5.4% |
3 Bedrooms | $2.3M | $2.5M | +7.3% |
4 Bedrooms | $3.0M | $3.1M | +4.0% |
5+ Bedrooms | $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 | $2.5M | $2.8M | +12.0% |
Sunnyvale | $1.7M | $1.8M | +5.2% |
Saratoga | $3.5M | $3.7M | +4.0% |
Los Altos | $3.9M | $3.8M | -3.0% |
West Santa Clara | $4.8M | $4.4M | -7.0% |
Housing Supply in Cupertino, CA
How many homes are available in Cupertino, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 61 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 10 | 17 | +70.0% |
5+ Bedrooms | 4 | 15 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 16 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
26 Days | 9 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
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.