Is Mountain View, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain View is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Mountain View, CA

How much do homes in Mountain View, CA cost?

Median Sold Price

$1,800,000

$1,150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$80,000(+4.7%)

Key Takeaway

Homes in Mountain View have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Mountain View was $1,800,000 in March 2024, up 4.7% from last year, and the median price per square foot was $1,150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $630K$595.5K
-5.5%
2 $1.1M$1.2M
+4.3%
3 $1.8M$1.9M
+4.5%
4 $2.6M$2.9M
+11.9%
5+ $3.4M$3.7M
+7.2%

Summary: Mountain View housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Sunnyvale
+5.2%
Mountain View
+4.7%
Los Altos
-1.1%
Palo Alto
-5.1%

Housing Supply in Mountain View, CA

How many homes are available in Mountain View, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
97123+26.8%

Summary: The Mountain View real estate market had 123 homes for sale in March 2024, a 26.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 915
+66.7%
2 2732
+18.5%
3 3847
+23.7%
4 1622
+37.5%
5+ 77
0.0%

Summary: The Mountain View housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2633+26.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain View, you could pay more than the asking price. 77.4% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Mountain View in March 2024, up by 26.9% month-over-month. Of the 31 sold homes, 13% were sold under asking, 10% were sold at asking, and 77% were sold over asking.

Days on Market for Mountain View, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
23 Days12 Days-47.5%

Summary: Homes in Mountain View had an average of 12 days on market in Mar 2024, down by 47.5% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 33 homes were sold in Mountain View; 91% of homes were sold within 30 days, 9% 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 24 Days Ago

Newest Listings in Mountain View, CA

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