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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunnyvale West is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Sunnyvale West, CA

How much do homes in Sunnyvale West, CA cost?

Median Sold Price

$2,400,000

$1,445/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$74,333(+3.2%)

Key Takeaway

Homes in Sunnyvale West have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Sunnyvale West was $2,400,000 in April 2024, up 3.2% from last year, and the median price per square foot was $1,445.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $1.2M$1.3M
+3.4%
3 $2.0M$2.2M
+9.6%
4 $2.7M$2.8M
+2.7%
5+ $2.7M$3.1M
+11.6%

Summary: Sunnyvale West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.6%.

Median Sold Price Compared To Nearby Neighborhoods

De Anza
+9.3%
Sunnyvale West
+3.2%
Cumberland South
+2.6%

Housing Supply in Sunnyvale West, CA

How many homes are available in Sunnyvale West, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4664+39.1%

Summary: The Sunnyvale West real estate market had 64 homes for sale in April 2024, a 39.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 2230
+36.4%
4 1721
+23.5%
5+ 26
+200.0%

Summary: The Sunnyvale West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1727+58.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunnyvale West, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Sunnyvale West in April 2024, up by 58.8% month-over-month. Of the 26 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.

Days on Market for Sunnyvale West, CA

How long does it take to sell a home in Sunnyvale West, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days14 Days+28.0%

Summary: Homes in Sunnyvale West had an average of 14 days on market in Apr 2024, up by 28% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 27 homes were sold in Sunnyvale West; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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 11 Days Ago

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