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

Mon Dec 02 2024
This week the median list price for Sunnyvale, CA is $2,298,944 with the market action index hovering around 74. This is less than last month's market action index of 79. Inventory has decreased to 18. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sunnyvale, CA

Mon Dec 02 2024
This week the median list price for Sunnyvale, CA is $2,298,944 with the market action index hovering around 74. This is less than last month's market action index of 79. Inventory has decreased to 18. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sunnyvale market.
Median List Price $2,298,944
Median Price of New Listings $2,148,000
Per Square Foot $1,439
Average Days on Market 108
Median Days on Market 35
Price Decreased 17%
Price Increased 11%
Relisted 6%
Inventory 18
Median Rent
Market Action 74
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
$2,997,000 2,263 6,500 - 8,000 sqft 4 3 NaN 0 2 56
$2,413,499 1,724 6,500 - 8,000 sqft 3 3 NaN 1 3 49
$2,298,000 1,360 6,500 - 8,000 sqft 3 2 NaN 1 3 35
$1,798,000 1,455 4,500 - 6,500 sqft 3 2 NaN 0 1 14