Is West Santa Clara, 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, 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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $1.0M | +308.4% |
| 3 Bedrooms | $4.3M | $2.8M | -33.7% |
| 4 Bedrooms | $4.4M | $4.4M | +2.2% |
| 5+ Bedrooms | $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 | $2.5M | $2.8M | +12.8% |
| Saratoga | $3.5M | $3.7M | +3.6% |
| West Santa Clara | $4.7M | $4.6M | -0.7% |
| Los Altos | $3.9M | $3.8M | -1.1% |
| Los Altos Hills | $5.4M | $5.3M | -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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 140 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
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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.