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

Tue Jul 16 2024
This week the median list price for Santa Clara, CA is $1,799,000 with the market action index hovering around 80. This is an increase over last month's market action index of 77. Inventory has decreased to 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Santa Clara, CA

Tue Jul 16 2024
This week the median list price for Santa Clara, CA is $1,799,000 with the market action index hovering around 80. This is an increase over last month's market action index of 77. Inventory has decreased to 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $1,799,000
Median Price of New Listings $1,699,000
Per Square Foot $1,265
Average Days on Market 190
Median Days on Market 21
Price Decreased 10%
Price Increased 10%
Relisted 6%
Inventory 31
Median Rent
Market Action 80
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
$2,688,000 1,931 4,500 - 6,500 sqft 3 2 67 4 6 21
$1,943,975 1,857 4,500 - 6,500 sqft 3 2 70 0 2 38
$1,674,000 1,317 4,500 - 6,500 sqft 3 2 69 2 2 24
$1,499,000 1,085 4,500 - 6,500 sqft 3 2 71 3 4 10