Mary Pope-Handy's Market Report

Santa Clara, CA 95054

Condos/Townhomes

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


Santa Clara, CA 95054

Tue Apr 23 2024
This week the median list price for Santa Clara, CA 95054 is $817,443 with the market action index hovering around 65. This is less than last month's market action index of 78. Inventory has increased to 8. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Santa Clara, CA 95054

Tue Apr 23 2024
This week the median list price for Santa Clara, CA 95054 is $817,443 with the market action index hovering around 65. This is less than last month's market action index of 78. Inventory has increased to 8. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Santa Clara market.
Median List Price $817,443
Median Price of New Listings $874,499
Per Square Foot $678
Average Days on Market 8
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 65
Strong Seller's Market

Despite this week’s down tic, price trends in this zip code have been moving up in the last few weeks. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward 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
$1,133,944 1,279 0 - 4,500 sqft 2 2.3 32 2 1 0
$874,499 1,168 0 - 4,500 sqft 2 2 31 2 1 0
$782,444 1,353 0 - 4,500 sqft 2 2 42 1 2 28
$749,450 1,144 0 - 4,500 sqft 2 2 42 1 0 3