Mary Pope-Handy's Market Report

Santa Clara, CA 95051

Condos/Townhomes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Santa Clara, CA 95051

Fri Mar 29 2024
This week the median list price for Santa Clara, CA 95051 is $799,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has increased 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

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.

Santa Clara, CA 95051

Fri Mar 29 2024
This week the median list price for Santa Clara, CA 95051 is $799,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has increased 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

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

Never miss important changes in the Santa Clara market.
Median List Price $799,000
Median Price of New Listings $799,000
Per Square Foot $811
Average Days on Market 39
Median Days on Market 28
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent
Market Action 46
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,500,000 1,537 0 - 4,500 sqft 2 2 3 0 1 28
$984,000 1,067 0 - 4,500 sqft 2 1.3 44 0 0 7
$747,944 1,017 0 - 4,500 sqft 2 1.8 31 1 2 17
$547,444 780 0 - 4,500 sqft 1 1 53 0 0 52