Is Santa Clara, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Clara is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Santa Clara has remained a Seller's Market.

Key Takeaway

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

How much do homes in Santa Clara, CA cost?

Median Sold Price

$1,501,600

$968/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$130,600(+9.5%)

Key Takeaway

Homes in Santa Clara have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $530K$530.5K
0.1%
2 $800K$840K
+5.0%
3 $1.4M$1.6M
+14.4%
4 $1.6M$1.8M
+7.5%
5+ $1.8M$2.2M
+20.3%

Median Sold Price Compared To Nearby Cities

San Jose
+10.1%
Sunnyvale
+9.7%
Santa Clara
+9.5%
Cupertino
+3.9%

How many homes are available in Santa Clara, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
163128-21.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1610
-37.5%
2 2826
-7.1%
3 7763
-18.2%
4 3623
-36.1%
5+ 66
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
7848-38.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Clara, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
16 Days19 Days+16.5%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Clara 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 Santa Clara, CA

Santa Clara, CA has 128 homes on the market. The inventory of homes for sale in Santa Clara, CA between September 2022 and October 2022 decreased by 21.5%. Listings spent 19 days on the market in October 2022, and had a median list price of $1,501,600 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0.1%, 2 bedrooms properties became 5% more expensive, 3 bedrooms properties became 14.4% more expensive, the cost of 4 bedrooms properties went up by 7.5%, prices of 5 bedrooms properties went up by 20.3%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 37.5%, volume of 2 bedrooms homes went down by 7.1%, 3 bedrooms homes became 18.2% less available, number of 4 bedrooms homes decreased by 36.1%, 5 bedrooms homes did not move. Over 25 listings were sold over their listed price in October 2022 in Santa Clara, CA. In the same period over 20 listings were sold below the listed price and 2 listings were sold for the listed price.

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