Intero Market Report

Saratoga, CA

Single-Family Homes

Intero Real Estate| 408.342.3000 | www.intero.com



Saratoga, CA

Sun Jul 14 2024
This week the median list price for Saratoga, CA is $4,449,000 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has decreased to 36. Click here to stay informed with the Saratoga market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Saratoga, CA

Sun Jul 14 2024
This week the median list price for Saratoga, CA is $4,449,000 with the market action index hovering around 60. This is about the same as last month's market action index of 60. Inventory has decreased to 36. Click here to stay informed with the Saratoga market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $4,449,000
Median Price of New Listings $4,398,000
Per Square Foot $1,464
Average Days on Market 78
Median Days on Market 39
Price Decreased 28%
Price Increased 11%
Relisted 8%
Inventory 36
Median Rent
Market Action 60
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$7,988,000 5,575 1 - 2.5 acres 6 6 31 0 0 49
$5,000,000 3,409 1 - 2.5 acres 4 4 47 2 2 42
$3,898,000 2,432 0.25 - 0.5 acre 4 3 62 3 0 7
$3,400,000 2,520 0.25 - 0.5 acre 4 3 54 0 1 77