Single-Family Homes
Fri Apr 26 2024
This week the median list price for Cupertino, CA 95014 is $2,950,000 with the market action index hovering around 73. This is an increase over last month's market action index of 67. Inventory has held steady at or around 19.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $2,950,000 | |
Median Price of New Listings | $2,988,000 | |
Per Square Foot | $1,412 | |
Average Days on Market | 111 | |
Median Days on Market | 21 | |
Price Decreased | 5% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 19 | |
Median Rent | ||
Market Action | 73 | |
Strong Seller's Market |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,443,000 | 3,234 | 1 - 2.5 acres | 4 | 3.3 | 71 | 2 | 2 | 14 |
$3,500,000 | 2,429 | 0.25 - 0.5 acre | 4 | 3 | 67 | 1 | 2 | 7 |
$2,799,000 | 1,621 | 6,500 - 8,000 sqft | 4 | 3 | 61 | 1 | 0 | 21 |
$2,000,000 | 1,697 | 1 - 2.5 acres | 4 | 4 | 60 | 1 | 3 | 308 |