Mary Pope-Handy's Market Report

Santa Clara, CA

Condos/Townhomes

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Santa Clara, CA

Thu Jan 20 2022
This week the median list price for Santa Clara, CA is $750,000 with the market action index hovering around 76. This is less than last month's market action index of 78. Inventory has decreased to 15. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Santa Clara, CA

Thu Jan 20 2022
This week the median list price for Santa Clara, CA is $750,000 with the market action index hovering around 76. This is less than last month's market action index of 78. Inventory has decreased to 15. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $750,000
Median Price of New Listings $749,000
Per Square Foot $731
Average Days on Market 64
Median Days on Market 21
Price Decreased 7%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent $3,080
Market Action 76
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$1,368,000 1,470 0 - 4,500 sqft 2 3 18 1 0 42
$849,500 1,216 0 - 4,500 sqft 2 2 26 2 1 10
$737,000 1,041 0 - 4,500 sqft 2 2 26 1 1 38
$604,900 808 0 - 4,500 sqft 1 1 42 3 2 0