Mary Pope-Handy's Market Report

Santa Clara, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Santa Clara, CA

Wed Feb 21 2024
This week the median list price for Santa Clara, CA is $1,649,000 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 23. Click here to stay informed with the Santa Clara market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Santa Clara, CA

Wed Feb 21 2024
This week the median list price for Santa Clara, CA is $1,649,000 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 23. Click here to stay informed with the Santa Clara market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Santa Clara market.
Median List Price $1,649,000
Median Price of New Listings $1,637,500
Per Square Foot $1,042
Average Days on Market 215
Median Days on Market 14
Price Decreased 9%
Price Increased 4%
Relisted 4%
Inventory 23
Median Rent
Market Action 63
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,450,000 2,217 6,500 - 8,000 sqft 5 3 63 1 0 7
$1,949,919 1,942 6,500 - 8,000 sqft 3 3 66 2 0 66
$1,599,500 1,359 4,500 - 6,500 sqft 3 2 62 2 0 101
$1,324,500 1,361 4,500 - 6,500 sqft 3 2 58 1 2 14