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 2020

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

$1,387,701

$887/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2020

+$88,256(+6.8%)

Key Takeaway

Homes in Santa Clara have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2020Oct 2021%
1 $516.5K$524.5K
+1.5%
2 $830K$810K
-2.4%
3 $1.3M$1.4M
+9.3%
4 $1.5M$1.6M
+8.9%
5+ $1.6M$1.8M
+12.7%

Median Sold Price Compared To Nearby Cities

San Jose
+16.1%
Cupertino
+12.4%
Santa Clara
+6.8%
Sunnyvale
-2.3%

How many homes are available in Santa Clara, CA?

Number of Homes For Sale

Sep 2021Oct 2021%
228139-39.0%

Homes For Sale By Bedroom Count

# BEDSSep 2021Oct 2021%
1 1916
-15.8%
2 4221
-50.0%
3 11066
-40.0%
4 4732
-31.9%
5+ 104
-60.0%

Number of Homes Sold

Sep 2021Oct 2021%
9480-14.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

63 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. 78.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2020Oct 2021%
23 Days17 Days-28.5%

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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.

About Santa Clara, CA

Santa Clara, CA has 139 homes on the market. In October 2021 in Santa Clara, CA there were 39% less homes for sale than in September 2021. In October 2021, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $1,387,701. Between September 2021 and October 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 1.5%, prices of 2 bedrooms properties went down by 2.4%, prices of 3 bedrooms properties went up by 9.3%, prices of 4 bedrooms properties went up by 8.9%, 5 bedrooms properties prices increased by 12.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 15.8%, the quantity of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went down by 40%, 4 bedrooms homes inventory decreased by 31.9%, number of 5 bedrooms homes decreased by 60%. In October 2021 more than 63 listings in Santa Clara, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 10 were sold below.

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