Mary Pope-Handy's Market Report
Santa Clara, CA
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Santa Clara, CA
Fri Mar 05 2021
This week the median list price for Santa Clara, CA is $1,562,944 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has held steady at or around 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,562,944 | |
| Per Square Foot | $979 | |
| Days on Market | 7 | |
| Price Decreased | 4% | |
| Price Increased | 8% | |
| Relisted | 0% | |
| Inventory | 26 | |
| Median Rent | $3,360 | |
| Most Expensive | $2,255,000 | |
| Least Expensive | $999,000 | |
| Market Action | 76 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,899,500 | 2,167 | 4,500 - 6,500 sqft | 4 | 3 | 56 | 2 | 1 | 14 |
| $1,611,975 | 1,747 | 6,500 - 8,000 sqft | 3 | 2 | 62 | 3 | 1 | 14 |
| $1,500,000 | 1,312 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 1 | 5 | 7 |
| $1,098,800 | 1,097 | 6,500 - 8,000 sqft | 3 | 2 | 61 | 3 | 3 | 7 |