Is Sunnyvale, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Sunnyvale is a seller's market


Difference Since May 2023

Since last year, Sunnyvale has remained a Seller's Market.

Key Takeaway

Sunnyvale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sunnyvale, CA

How much do homes in Sunnyvale, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Sunnyvale have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Sunnyvale was $1,837,666 in May 2024, up 7.2% from last year, and the median price per square foot was $1,215.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $629.4K$656.5K
2 $1.0M$1.1M
3 $1.6M$1.8M
4 $2.4M$2.5M
5+ $2.7M$2.9M

Summary: Sunnyvale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Santa Clara
Mountain View
Los Altos

Housing Supply in Sunnyvale, CA

How many homes are available in Sunnyvale, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Sunnyvale real estate market had 223 homes for sale in May 2024, a 16.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
2 4247
3 8695
4 5060
5+ 1019

Summary: The Sunnyvale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 90%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

80 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunnyvale, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.

Summary: A total of 93 homes were sold or pending in Sunnyvale in May 2024, up by 17.7% month-over-month. Of the 88 sold homes, 6% were sold under asking, 3% were sold at asking, and 91% 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

May 2023May 2024CHANGE
10 Days9 Days-12.8%

Summary: Homes in Sunnyvale had an average of 9 days on market in May 2024, down by 12.8% compared to last year.

Breakdown of Home Sale Times

89 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunnyvale are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 93 homes were sold in Sunnyvale; 96% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Sunnyvale, CA

Nearby Markets to Sunnyvale, CA

What housing markets are near Sunnyvale, CA?