Is Sunnyvale, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,826,666
$1,192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sunnyvale was $1,826,666 in April 2024, up 6.3% from last year, and the median price per square foot was $1,192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $629.4K | $658K | +4.5% |
2 Bedrooms | $1.0M | $1.1M | +9.2% |
3 Bedrooms | $1.6M | $1.8M | +13.4% |
4 Bedrooms | $2.4M | $2.5M | +3.2% |
5+ Bedrooms | $2.7M | $2.8M | +6.3% |
Summary: Sunnyvale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Cupertino | $2.5M | $2.9M | +17.7% |
Santa Clara | $1.4M | $1.5M | +9.5% |
Mountain View | $1.6M | $1.8M | +6.9% |
Sunnyvale | $1.7M | $1.8M | +6.3% |
Los Altos | $3.8M | $3.8M | +1.7% |
Housing Supply in Sunnyvale, CA
How many homes are available in Sunnyvale, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 | 198 | +26.9% |
Summary: The Sunnyvale real estate market had 198 homes for sale in April 2024, a 26.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 39 | 43 | +10.3% |
3 Bedrooms | 70 | 89 | +27.1% |
4 Bedrooms | 37 | 52 | +40.5% |
5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Sunnyvale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 81 | +24.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Sunnyvale in April 2024, up by 24.6% month-over-month. Of the 79 sold homes, 18% were sold under asking, 4% were sold at asking, and 78% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 14 Days | -10.3% |
Summary: Homes in Sunnyvale had an average of 14 days on market in Apr 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 81 homes were sold in Sunnyvale; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.