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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Clara County is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Santa Clara County, CA cost?

Median Sold Price

$1,473,288

$905/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$134,872(+10.1%)

Key Takeaway

Homes in Santa Clara County have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $562.6K$579.8K
+3.0%
2 $828.3K$890.3K
+7.5%
3 $1.3M$1.4M
+11.3%
4 $1.6M$1.8M
+10.7%
5+ $2.3M$2.5M
+9.9%

Median Sold Price Compared To Nearby Counties

Santa Cruz County
+14.5%
Santa Clara County
+10.1%
Alameda County
+8.3%
San Mateo County
+0.8%

How many homes are available in Santa Clara County, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
2,5312,186-13.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 9987
-12.1%
2 481423
-12.1%
3 881747
-15.2%
4 749645
-13.9%
5+ 321284
-11.5%

Number of Homes Sold

Oct 2022Nov 2022%
896715-20.2%

Asking Price vs. Sold Price

391 Homes Were Sold
Under Asking

56 Homes Were Sold
At Asking

244 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Clara County, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days29 Days+71.9%

Breakdown of Home Sale Times

479 Homes Were Sold
Under 30 Days

183 Homes Were Sold
In 30 - 90 Days

52 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Santa Clara County 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 County, CA

Santa Clara County, CA has 2,186 homes for sale to choose from. The number of listings in Santa Clara County, CA decreased by 13.6% between October 2022 and November 2022. While the average time on the market in November 2022 was 29 days, the median list price was $1,473,288. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 3%, 2 bedrooms properties became 7.5% more expensive, 3 bedrooms properties prices increased by 11.3%, 4 bedrooms properties became 10.7% more expensive, 5 bedrooms properties became 9.9% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 12.1%, 2 bedrooms homes became 12.1% less available, 3 bedrooms homes became 15.2% less available, number of 4 bedrooms homes decreased by 13.9%, 5 bedrooms homes inventory decreased by 11.5%. Over 244 listings were sold over their listed price in November 2022 in Santa Clara County, CA. In the same period over 391 listings were sold below the listed price and 56 listings were sold for the listed price.

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