Is Santa Clara County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Santa Clara County has remained a Seller's Market.
Key Takeaway
Santa Clara County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Clara County, CA
How much do homes in Santa Clara County, CA cost?
Median Sold Price
$1,500,177
$920/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Santa Clara County have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Santa Clara County was $1,500,177 in March 2024, up 4.4% from last year, and the median price per square foot was $920.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $576K | $574.5K | -0.3% |
| 2 Bedrooms | $877.2K | $900.1K | +2.6% |
| 3 Bedrooms | $1.4M | $1.4M | +3.6% |
| 4 Bedrooms | $1.8M | $1.8M | +2.7% |
| 5+ Bedrooms | $2.3M | $2.6M | +10.6% |
Summary: Santa Clara County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Counties
| Santa Clara County | $1.4M | $1.5M | +4.4% |
| Alameda County | $1.1M | $1.0M | -0.3% |
| San Mateo County | $1.5M | $1.5M | -1.2% |
| Santa Cruz County | $1.1M | $1.1M | -3.1% |
Housing Supply in Santa Clara County, CA
How many homes are available in Santa Clara County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,021 | 2,543 | +25.8% |
Summary: The Santa Clara County real estate market had 2,543 homes for sale in March 2024, a 25.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 100 | 122 | +22.0% |
| 2 Bedrooms | 429 | 532 | +24.0% |
| 3 Bedrooms | 721 | 890 | +23.4% |
| 4 Bedrooms | 550 | 723 | +31.5% |
| 5+ Bedrooms | 221 | 276 | +24.9% |
Summary: The Santa Clara County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 24.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 654 | 904 | +38.2% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
662 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Clara County, you could pay more than the asking price. 75.9% of homes here sold above asking price last month.
Summary: A total of 904 homes were sold or pending in Santa Clara County in March 2024, up by 38.2% month-over-month. Of the 872 sold homes, 17% were sold under asking, 7% were sold at asking, and 76% were sold over asking.
Days on Market for Santa Clara County, CA
How long does it take to sell a home in Santa Clara County, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -30.3% |
Summary: Homes in Santa Clara County had an average of 16 days on market in Mar 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
784 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Clara County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 904 homes were sold in Santa Clara County; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.