Is Sunnyvale, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sunnyvale has remained a Seller's Market.
Housing Prices in Sunnyvale, CA
How much do homes in Sunnyvale, CA cost?
Median Sold Price
$1,834,000
$1,218/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sunnyvale was $1,834,000 in June 2024, up 4.8% from last year, and the median price per square foot was $1,218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $619.9K | $659K | +6.3% |
2 Bedrooms | $1.0M | $1.1M | +14.4% |
3 Bedrooms | $1.6M | $1.8M | +14.4% |
4 Bedrooms | $2.4M | $2.5M | +7.6% |
5+ Bedrooms | $2.7M | $2.9M | +7.1% |
Summary: Sunnyvale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Cupertino | $2.4M | $2.9M | +17.8% |
Santa Clara | $1.4M | $1.6M | +10.6% |
Los Altos | $3.7M | $4.0M | +8.3% |
Mountain View | $1.7M | $1.8M | +5.8% |
Sunnyvale | $1.7M | $1.8M | +4.8% |
Housing Supply in Sunnyvale, CA
How many homes are available in Sunnyvale, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
209 | 219 | +4.8% |
Summary: The Sunnyvale real estate market had 219 homes for sale in June 2024, a 4.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 41 | 40 | -2.4% |
3 Bedrooms | 91 | 98 | +7.7% |
4 Bedrooms | 58 | 58 | 0.0% |
5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Sunnyvale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
95 | 77 | -18.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Sunnyvale in June 2024, down by 18.9% month-over-month. Of the 72 sold homes, 11% were sold under asking, 4% were sold at asking, and 85% were sold over asking.
Days on Market for Sunnyvale, CA
How long does it take to sell a home in Sunnyvale, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 10 Days | -7.8% |
Summary: Homes in Sunnyvale had an average of 10 days on market in Jun 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 77 homes were sold in Sunnyvale; 94% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.