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 November 2021

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.

How much do homes in Saratoga, CA cost?

Median Sold Price

$3,600,000

$1,396/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$288,750(+8.7%)

Key Takeaway

Homes in Saratoga have sold for 8.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $735K$700K
-4.8%
2 $1.0M$1.2M
+14.7%
3 $2.2M$2.5M
+17.3%
4 $3.5M$3.8M
+8.6%
5+ $4.1M$4.5M
+9.6%

Median Sold Price Compared To Nearby Cities

Campbell
+15.4%
Monte Sereno
+13.1%
Saratoga
+8.7%
Los Gatos
+6.8%
Cupertino
+6.4%

How many homes are available in Saratoga, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
4443-2.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 95
-44.4%
3 810
+25.0%
4 1111
0.0%
5+ 1617
+6.3%

Number of Homes Sold

Oct 2022Nov 2022%
1710-41.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saratoga, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
15 Days28 Days+92.7%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 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.

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

About Saratoga, CA

There are 43 homes are for sale in Saratoga, CA real estate market. In November 2022 in Saratoga, CA there were 2.3% less homes for sale than in October 2022. While the average time on the market in November 2022 was 28 days, the median list price was $3,600,000. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties went down by 4.8%, prices of 2 bedrooms properties increased by 14.7%, 3 bedrooms properties prices increased by 17.3%, the cost of 4 bedrooms properties went up by 8.6%, the cost of 5 bedrooms properties went up by 9.6%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 44.4%, 3 bedrooms homes inventory increased by 25%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory increased by 6.3%. Over 2 listings were sold over their listed price in November 2022 in Saratoga, CA. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price.

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