Is San Martin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, San Martin was a Seller's Market.
Key Takeaway
San Martin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in San Martin, CA
How much do homes in San Martin, CA cost?
Median Sold Price
$1,900,000
$678/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in San Martin have sold for 31% more than they did a year ago.
Summary: The median home sold price in San Martin was $1,900,000 in November 2023, up 31% from last year, and the median price per square foot was $678.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.1K | $2.0M | +594.1% |
| 2 Bedrooms | $955K | $393.5K | -58.8% |
| 3 Bedrooms | $1.4M | $1.4M | +0.8% |
| 4 Bedrooms | $1.7M | $2.0M | +13.1% |
| 5+ Bedrooms | $2.3M | $2.8M | +25.0% |
Summary: San Martin housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 594.1%, 2 bedroom homes decreased by 58.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| San Martin | $1.4M | $1.9M | +31.0% |
| Llagas-Uvas | $1.5M | $1.4M | -4.3% |
| Morgan Hill | $1.3M | $1.2M | -5.5% |
| South Santa Clara Valley | $1.2M | $1.1M | -6.9% |
Housing Supply in San Martin, CA
How many homes are available in San Martin, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The San Martin real estate market had 9 homes for sale in November 2023, a 12.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The San Martin housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Martin, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in San Martin in November 2023, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for San Martin, CA
How long does it take to sell a home in San Martin, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | -4.8% |
Summary: Homes in San Martin had an average of 12 days on market in Nov 2023, down by 4.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Martin are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 1 homes were sold in San Martin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.