Is Sunnyvale, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,838,533
$1,194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sunnyvale was $1,838,533 in March 2024, up 5.2% from last year, and the median price per square foot was $1,194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $629.4K | $658K | +4.5% |
2 Bedrooms | $1.0M | $1.1M | +5.6% |
3 Bedrooms | $1.6M | $1.8M | +10.7% |
4 Bedrooms | $2.4M | $2.5M | +2.8% |
5+ Bedrooms | $2.7M | $2.8M | +6.7% |
Summary: Sunnyvale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Cupertino | $2.5M | $2.8M | +12.8% |
Santa Clara | $1.4M | $1.5M | +6.0% |
Sunnyvale | $1.7M | $1.8M | +5.2% |
Mountain View | $1.7M | $1.8M | +4.7% |
Los Altos | $3.9M | $3.8M | -1.1% |
Housing Supply in Sunnyvale, CA
How many homes are available in Sunnyvale, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 159 | +26.2% |
Summary: The Sunnyvale real estate market had 159 homes for sale in March 2024, a 26.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 36 | 39 | +8.3% |
3 Bedrooms | 58 | 71 | +22.4% |
4 Bedrooms | 26 | 38 | +46.2% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Sunnyvale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 66 | +57.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Sunnyvale in March 2024, up by 57.1% month-over-month. Of the 64 sold homes, 16% were sold under asking, 2% were sold at asking, and 83% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 14 Days | -23.4% |
Summary: Homes in Sunnyvale had an average of 14 days on market in Mar 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in Sunnyvale; 88% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.