Intero Market Report
Cupertino, CA
Single-Family Homes
Intero Real Estate| 408.342.3000 | www.intero.com
Cupertino, CA
Wed Oct 04 2023
This week the median list price for Cupertino, CA is $3,700,000 with the market action index hovering around 62. This is less than last month's market action index of 69. Inventory has increased to 23.
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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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
| Median List Price | $3,700,000 | |
| Median Price of New Listings | $3,734,000 | |
| Per Square Foot | $1,305 | |
| Average Days on Market | 126 | |
| Median Days on Market | 21 | |
| Price Decreased | 13% | |
| Price Increased | 9% | |
| Relisted | 0% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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 |
|---|---|---|---|---|---|---|---|---|
| $4,915,000 | 3,779 | 8,000 - 10,000 sqft | 5 | 4.5 | 0 | 1 | 0 | 21 |
| $4,039,000 | 3,405 | 0.25 - 0.5 acre | 5 | 4 | 45 | 2 | 1 | 17 |
| $3,489,500 | 2,673 | 6,500 - 8,000 sqft | 4 | 2.8 | 47 | 2 | 1 | 31 |
| $2,149,944 | 1,697 | 1 - 2.5 acres | 3 | 2.5 | 60 | 1 | 2 | 105 |