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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Santa Clara Valley is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, South Santa Clara Valley has remained a Seller's Market.

Key Takeaway

South Santa Clara Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in South Santa Clara Valley, CA cost?

Median Sold Price

$1,200,000

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$174,047(+17.0%)

Key Takeaway

Homes in South Santa Clara Valley have sold for 17% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $460K$462K
0.4%
2 $650K$720K
+10.8%
3 $900K$991.8K
+10.2%
4 $1.1M$1.3M
+15.6%
5+ $1.3M$1.6M
+20.2%

Median Sold Price Compared To Nearby Cities

Morgan Hill
+17.1%
South Santa Clara Valley
+17.0%
Gilroy
+9.9%
Llagas-Uvas
+8.6%
San Martin
-3.7%

How many homes are available in South Santa Clara Valley, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
274255-6.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 31
-66.7%
2 2121
0.0%
3 8171
-12.3%
4 112113
+0.9%
5+ 5749
-14.0%

Number of Homes Sold

Aug 2022Sep 2022%
9177-15.4%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Santa Clara Valley, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days29 Days+76.3%

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Santa Clara Valley 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 South Santa Clara Valley, CA

Homes for sale in South Santa Clara Valley, CA have reached 255. The number of listings in South Santa Clara Valley, CA decreased by 6.9% between August 2022 and September 2022. In September 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $1,200,000. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 0.4%, 2 bedrooms properties prices increased by 10.8%, 3 bedrooms properties prices increased by 10.2%, prices of 4 bedrooms properties increased by 15.6%, 5 bedrooms properties became 20.2% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 66.7%, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 12.3%, the quantity of 4 bedrooms homes went up by 0.9%, the quantity of 5 bedrooms homes went down by 14%. While more than 19 listings in South Santa Clara Valley, CA in September 2022 were sold above asking price, there were more than 13 listings sold at asking price, and more than 40 were sold below.

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