Is Saratoga, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$3,625,000
$1,370/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Saratoga have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Saratoga was $3,625,000 in November 2023, up 0.7% from last year, and the median price per square foot was $1,370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | $727.5K | +3.9% |
| 2 Bedrooms | $1.2M | $1.0M | -17.4% |
| 3 Bedrooms | $2.5M | $2.9M | +15.1% |
| 4 Bedrooms | $3.8M | $3.7M | -0.3% |
| 5+ Bedrooms | $4.5M | $4.3M | -4.5% |
Summary: Saratoga housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Saratoga, CA
How many homes are available in Saratoga, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 60 | 57 | -5.0% |
Summary: The Saratoga real estate market had 57 homes for sale in November 2023, a 5.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 23 | 18 | -21.7% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Saratoga housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saratoga, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Saratoga in November 2023, up by 17.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 0% were sold at asking, and 65% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 28 Days | 15 Days | -46.2% |
Summary: Homes in Saratoga had an average of 15 days on market in Nov 2023, down by 46.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saratoga are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 20 homes were sold in Saratoga; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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.