Market Report - The Brasil Group

Santa Clara, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Santa Clara, CA

Wed Feb 21 2024
This week the median list price for Santa Clara, CA is $788,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has increased to 21. 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. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Santa Clara, CA

Wed Feb 21 2024
This week the median list price for Santa Clara, CA is $788,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has increased to 21. 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. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $788,000
Median Price of New Listings $1,104,000
Per Square Foot $769
Average Days on Market 44
Median Days on Market 7
Price Decreased 5%
Price Increased 0%
Relisted 10%
Inventory 21
Median Rent
Market Action 51
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
$1,500,000 1,500 0 - 4,500 sqft 3 2.5 2 1 1 7
$1,045,000 1,129 0 - 4,500 sqft 2 2 7 4 1 0
$700,000 983 0 - 4,500 sqft 2 2 53 1 1 91
$544,944 766 0 - 4,500 sqft 1 1 53 0 0 17