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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunnyvale is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Sunnyvale, CA cost?

Median Sold Price

$1,750,716

$1,136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$159,382(+10.0%)

Key Takeaway

Homes in Sunnyvale have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $609.6K$646K
+6.0%
2 $1.0M$1.0M
+5.0%
3 $1.5M$1.7M
+8.4%
4 $2.2M$2.5M
+12.6%
5+ $2.6M$2.9M
+10.2%

Median Sold Price Compared To Nearby Cities

Sunnyvale
+10.0%
Santa Clara
+8.2%
Cupertino
+6.4%
Los Altos
+5.9%
Mountain View
+2.5%

How many homes are available in Sunnyvale, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
160145-9.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 76
-14.3%
2 3529
-17.1%
3 5756
-1.8%
4 5044
-12.0%
5+ 1110
-9.1%

Number of Homes Sold

Oct 2022Nov 2022%
5261+17.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunnyvale, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days24 Days+31.8%

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 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.

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

About Sunnyvale, CA

Number of homes for sale in Sunnyvale, CA real estate market have reached 145. The number of listings in Sunnyvale, CA decreased by 9.4% between October 2022 and November 2022. In November 2022 median list price was $1,750,716 and the average listing age was 24 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 6%, prices of 2 bedrooms properties increased by 5%, 3 bedrooms properties became 8.4% more expensive, 4 bedrooms properties prices increased by 12.6%, prices of 5 bedrooms properties increased by 10.2%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 14.3%, volume of 2 bedrooms homes went down by 17.1%, the quantity of 3 bedrooms homes went down by 1.8%, the quantity of 4 bedrooms homes went down by 12%, 5 bedrooms homes inventory decreased by 9.1%. Over 27 listings were sold over their listed price in November 2022 in Sunnyvale, CA. In the same period over 27 listings were sold below the listed price and 6 listings were sold for the listed price.

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