Mary Pope-Handy's Market Report

Santa Clara, CA

Single-Family Homes

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



Santa Clara, CA

Mon Oct 03 2022
This week the median list price for Santa Clara, CA is $1,800,000 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 29. 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

Mon Oct 03 2022
This week the median list price for Santa Clara, CA is $1,800,000 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 29. 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 $1,800,000
Median Price of New Listings $1,894,344
Per Square Foot $1,022
Average Days on Market 116
Median Days on Market 14
Price Decreased 17%
Price Increased 7%
Relisted 7%
Inventory 29
Median Rent
Market Action 67
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
$2,300,000 1,749 4,500 - 6,500 sqft 4 2 62 1 1 42
$1,988,888 1,858 6,500 - 8,000 sqft 3 3 65 3 1 7
$1,788,000 1,784 4,500 - 6,500 sqft 4 2 62 3 1 21
$1,499,995 1,416 4,500 - 6,500 sqft 3 2 62 1 1 14