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 June 2023
Since last year, Santa Clara County has remained a Seller's Market.
Housing Prices in Santa Clara County, CA
How much do homes in Santa Clara County, CA cost?
Median Sold Price
$1,553,523
$952/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Santa Clara County was $1,553,523 in June 2024, up 10.9% from last year, and the median price per square foot was $952.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $566.5K | $579K | +2.2% |
2 Bedrooms | $864.5K | $912.2K | +5.5% |
3 Bedrooms | $1.4M | $1.5M | +10.1% |
4 Bedrooms | $1.7M | $1.9M | +10.7% |
5+ Bedrooms | $2.4M | $2.7M | +14.6% |
Summary: Santa Clara County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Counties
Santa Clara County | $1.4M | $1.5M | +10.9% |
Alameda County | $1.0M | $1.1M | +8.0% |
San Mateo County | $1.5M | $1.6M | +5.5% |
Santa Cruz County | $1.1M | $1.1M | -0.6% |
Housing Supply in Santa Clara County, CA
How many homes are available in Santa Clara County, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,322 | 3,318 | -0.1% |
Summary: The Santa Clara County real estate market had 3,318 homes for sale in June 2024, a 0.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 118 | 118 | 0.0% |
2 Bedrooms | 651 | 658 | +1.1% |
3 Bedrooms | 1,164 | 1,145 | -1.6% |
4 Bedrooms | 1,002 | 976 | -2.6% |
5+ Bedrooms | 387 | 421 | +8.8% |
Summary: The Santa Clara County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,293 | 1,122 | -13.2% |
Asking Price vs. Sold Price
204 Homes Were Sold
Under Asking
74 Homes Were Sold
At Asking
789 Homes Were Sold
Over Asking
Summary: A total of 1,122 homes were sold or pending in Santa Clara County in June 2024, down by 13.2% month-over-month. Of the 1,067 sold homes, 19% were sold under asking, 7% were sold at asking, and 74% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | -0.1% |
Summary: Homes in Santa Clara County had an average of 16 days on market in Jun 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
961 Homes Were Sold
Under 30 Days
137 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During June 2024, 1122 homes were sold in Santa Clara County; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.