Is Santa Clara, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Santa Clara has remained a Seller's Market.
Housing Prices in Santa Clara, CA
How much do homes in Santa Clara, CA cost?
Median Sold Price
$1,603,500
$1,034/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Clara was $1,603,500 in June 2024, up 10.6% from last year, and the median price per square foot was $1,034.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $520K | $542.5K | +4.3% |
2 Bedrooms | $890K | $922K | +3.6% |
3 Bedrooms | $1.5M | $1.6M | +7.6% |
4 Bedrooms | $1.7M | $2.0M | +17.3% |
5+ Bedrooms | $2.0M | $2.2M | +10.2% |
Summary: Santa Clara housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in Santa Clara, CA
How many homes are available in Santa Clara, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
217 | 201 | -7.4% |
Summary: The Santa Clara real estate market had 201 homes for sale in June 2024, a 7.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 20 | -9.1% |
2 Bedrooms | 63 | 54 | -14.3% |
3 Bedrooms | 90 | 85 | -5.6% |
4 Bedrooms | 35 | 37 | +5.7% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Santa Clara housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
85 | 70 | -17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Santa Clara in June 2024, down by 17.6% month-over-month. Of the 65 sold homes, 14% were sold under asking, 17% were sold at asking, and 69% were sold over asking.
Days on Market for Santa Clara, CA
How long does it take to sell a home in Santa Clara, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +53.0% |
Summary: Homes in Santa Clara had an average of 18 days on market in Jun 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 70 homes were sold in Santa Clara; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.