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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Santa Clara is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in West Santa Clara, CA

How much do homes in West Santa Clara, CA cost?

Median Sold Price

$4,667,500

$1,316/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$32,500(-0.7%)

Key Takeaway

Homes in West Santa Clara have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in West Santa Clara was $4,667,500 in March 2024, down 0.7% from last year, and the median price per square foot was $1,316.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $250K$1.0M
+308.4%
3 $4.3M$2.8M
-33.7%
4 $4.4M$4.4M
+2.2%
5+ $7.6M$5.2M
-31.1%

Summary: West Santa Clara housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 308.4%, 3 bedroom homes decreased by 33.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 31.1%.

Median Sold Price Compared To Nearby Cities

Cupertino
+12.8%
Saratoga
+3.6%
West Santa Clara
-0.7%
Los Altos
-1.1%
Los Altos Hills
-3.5%

Housing Supply in West Santa Clara, CA

How many homes are available in West Santa Clara, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1619+18.8%

Summary: The West Santa Clara real estate market had 19 homes for sale in March 2024, a 18.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 66
0.0%
5+ 911
+22.2%

Summary: The West Santa Clara housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Santa Clara, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in West Santa Clara in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for West Santa Clara, CA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
36 Days140 Days+286.4%

Summary: Homes in West Santa Clara had an average of 140 days on market in Mar 2024, up by 286.4% compared to last year.

Breakdown of Home Sale Times

2 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 West Santa Clara are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in West Santa Clara; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 24 Days Ago

Newest Listings in West Santa Clara, CA

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