Mary Pope-Handy's Market Report

Sunnyvale, CA

Condos/Townhomes

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 $1,194,000 with the market action index hovering around 60. This is an increase over last month's market action index of 56. 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 $1,194,000 with the market action index hovering around 60. This is an increase over last month's market action index of 56. 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 $1,194,000
Median Price of New Listings $925,000
Per Square Foot $877
Average Days on Market 33
Median Days on Market 14
Price Decreased 6%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 60
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,832,760 1,822 0 - 4,500 sqft 3 3 0 0 0 24
$1,337,000 1,467 0 - 4,500 sqft 2 2.5 28 1 3 14
$911,500 1,041 0 - 4,500 sqft 2 2 35 3 3 0
$689,000 879 0 - 4,500 sqft 2 1 45 1 2 94