Mary Pope-Handy's Market Report

Santa Clara, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Santa Clara, CA

Fri May 27 2022
This week the median list price for Santa Clara, CA is $1,649,500 with the market action index hovering around 83. This is less than last month's market action index of 91. Inventory has increased to 46. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Santa Clara, CA

Fri May 27 2022
This week the median list price for Santa Clara, CA is $1,649,500 with the market action index hovering around 83. This is less than last month's market action index of 91. Inventory has increased to 46. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $1,649,500
Median Price of New Listings $1,642,500
Per Square Foot $1,023
Average Days on Market 111
Median Days on Market 14
Price Decreased 22%
Price Increased 4%
Relisted 7%
Inventory 46
Median Rent
Market Action 83
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$1,955,000 1,860 6,500 - 8,000 sqft 4 2.5 61 1 5 14
$1,750,000 1,394 4,500 - 6,500 sqft 3 2 67 6 3 0
$1,592,500 1,555 4,500 - 6,500 sqft 3 2 68 2 1 14
$1,374,500 1,471 4,500 - 6,500 sqft 3 2 57 5 3 80