Is Saratoga, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saratoga is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Saratoga has remained a Seller's Market.

Key Takeaway

Saratoga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saratoga, CA

How much do homes in Saratoga, CA cost?

Median Sold Price

$3,900,000

$1,462/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$320,000(+8.9%)

Key Takeaway

Homes in Saratoga have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Saratoga was $3,900,000 in September 2024, up 8.9% from last year, and the median price per square foot was $1,462.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $727.5K$706K
-3.0%
2 $1.1M$1.1M
+0.8%
3 $2.9M$2.9M
+2.4%
4 $3.7M$4.0M
+8.1%
5+ $4.3M$4.8M
+10.3%

Summary: Saratoga housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Monte Sereno
+44.6%
Cupertino
+10.9%
Los Gatos
+10.8%
Campbell
+9.9%
Saratoga
+8.9%

Housing Supply in Saratoga, CA

How many homes are available in Saratoga, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7980+1.3%

Summary: The Saratoga real estate market had 80 homes for sale in September 2024, a 1.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 1722
+29.4%
4 3333
0.0%
5+ 2320
-13.0%

Summary: The Saratoga housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2825-10.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saratoga, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Saratoga in September 2024, down by 10.7% month-over-month. Of the 22 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.

Days on Market for Saratoga, CA

How long does it take to sell a home in Saratoga, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days19 Days+24.2%

Summary: Homes in Saratoga had an average of 19 days on market in Sep 2024, up by 24.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saratoga are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 25 homes were sold in Saratoga; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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