Is Santa Clara, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,597,000
$1,024/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Santa Clara was $1,597,000 in April 2024, up 9.5% from last year, and the median price per square foot was $1,024.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $517.5K | $530K | +2.4% |
2 Bedrooms | $850K | $890K | +4.7% |
3 Bedrooms | $1.5M | $1.6M | +4.8% |
4 Bedrooms | $1.8M | $1.9M | +5.6% |
5+ Bedrooms | $2.1M | $2.2M | +4.5% |
Summary: Santa Clara housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Santa Clara, CA
How many homes are available in Santa Clara, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 | 217 | +42.8% |
Summary: The Santa Clara real estate market had 217 homes for sale in April 2024, a 42.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 21 | +16.7% |
2 Bedrooms | 27 | 49 | +81.5% |
3 Bedrooms | 75 | 103 | +37.3% |
4 Bedrooms | 21 | 31 | +47.6% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Santa Clara housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 81.5%, 3 bedroom homes increased by 37.3%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 87 | +64.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Santa Clara in April 2024, up by 64.2% month-over-month. Of the 82 sold homes, 10% were sold under asking, 5% were sold at asking, and 85% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 13 Days | -3.4% |
Summary: Homes in Santa Clara had an average of 13 days on market in Apr 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 87 homes were sold in Santa Clara; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.