Is Saratoga, 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, Saratoga has remained a Seller's Market.
Housing Prices in Saratoga, CA
How much do homes in Saratoga, CA cost?
Median Sold Price
$3,710,000
$1,425/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saratoga was $3,710,000 in March 2024, up 3.6% from last year, and the median price per square foot was $1,425.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $727.5K | N/A |
2 Bedrooms | $1.2M | $1.1M | -3.7% |
3 Bedrooms | $2.5M | $2.9M | +16.3% |
4 Bedrooms | $3.9M | $3.8M | -3.5% |
5+ Bedrooms | $4.3M | $4.4M | +2.9% |
Summary: Saratoga housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Saratoga, CA
How many homes are available in Saratoga, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 60 | +71.4% |
Summary: The Saratoga real estate market had 60 homes for sale in March 2024, a 71.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 4 | +100.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 13 | 26 | +100.0% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Saratoga housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 24 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Saratoga in March 2024, up by 200.0% month-over-month. Of the 23 sold homes, 13% were sold under asking, 9% were sold at asking, and 78% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -17.0% |
Summary: Homes in Saratoga had an average of 14 days on market in Mar 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Saratoga; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.