Single-Family Homes
Sat Apr 20 2024
This week the median list price for Cupertino, CA is $2,950,000 with the market action index hovering around 68. This is an increase over last month's market action index of 65. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $2,950,000 | |
Median Price of New Listings | $2,998,400 | |
Per Square Foot | $1,615 | |
Average Days on Market | 98 | |
Median Days on Market | 14 | |
Price Decreased | 5% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 21 | |
Median Rent | ||
Market Action | 68 | |
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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,888,000 | 3,026 | 1 - 2.5 acres | 4 | 3 | 55 | 1 | 0 | 21 |
$2,998,800 | 2,024 | 0.25 - 0.5 acre | 4 | 3 | 64 | 3 | 1 | 0 |
$2,799,000 | 1,621 | 6,500 - 8,000 sqft | 4 | 2 | 64 | 0 | 1 | 21 |
$1,924,944 | 1,120 | 1 - 2.5 acres | 3 | 1.5 | 69 | 2 | 0 | 112 |