Mary Pope-Handy's Market Report

Sunnyvale, CA

Single-Family Homes

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



Sunnyvale, CA

Sun Mar 03 2024
This week the median list price for Sunnyvale, CA is $2,193,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has decreased to 16. Click here to stay informed with the Sunnyvale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Sunnyvale, CA

Sun Mar 03 2024
This week the median list price for Sunnyvale, CA is $2,193,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has decreased to 16. Click here to stay informed with the Sunnyvale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Sunnyvale market.
Median List Price $2,193,000
Median Price of New Listings $2,293,500
Per Square Foot $1,336
Average Days on Market 59
Median Days on Market 7
Price Decreased 6%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 71
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$2,691,500 2,162 4,500 - 6,500 sqft 4 3 61 2 1 3
$2,248,400 1,556 6,500 - 8,000 sqft 3 2 72 1 2 7
$1,999,000 1,576 4,500 - 6,500 sqft 3 1.5 72 2 1 3
$1,542,500 1,049 4,500 - 6,500 sqft 2 1.3 83 1 1 21