Is San Martin, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Martin is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, San Martin has remained a Seller's Market.

Key Takeaway

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

How much do homes in San Martin, CA cost?

Median Sold Price

$1,450,000

$708/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$12,500(-0.9%)

Key Takeaway

Homes in San Martin have sold for 0.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $264.5K$288.1K
+8.9%
2 $710K$955K
+34.5%
3 $1.3M$1.4M
+2.1%
4 $1.7M$1.7M
+3.3%
5+ $2.1M$2.3M
+5.7%

Median Sold Price Compared To Nearby Cities

South Santa Clara Valley
+14.4%
Morgan Hill
+13.0%
Llagas-Uvas
+5.6%
San Martin
-0.9%

How many homes are available in San Martin, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
1415+7.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 23
+50.0%
3 32
-33.3%
4 77
0.0%
5+ 23
+50.0%

Number of Homes Sold

Oct 2022Nov 2022%
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Martin, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
12 Days12 Days+5.0%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About San Martin, CA

There are 15 homes are for sale in San Martin, CA real estate market. The number of listings in San Martin, CA increased by 7.1% between October 2022 and November 2022. In November 2022 median list price was $1,450,000 and the average listing age was 12 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 8.9%, 2 bedrooms properties prices increased by 34.5%, prices of 3 bedrooms properties increased by 2.1%, 4 bedrooms properties prices increased by 3.3%, prices of 5 bedrooms properties went up by 5.7%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 50%, the quantity of 3 bedrooms homes went down by 33.3%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory increased by 50%. In November 2022 more than 2 listings in San Martin, CA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.

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