Mary Pope-Handy's Market Report

Cupertino, CA

Condos/Townhomes

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


Cupertino, CA

Thu Apr 18 2024
This week the median list price for Cupertino, CA is $1,199,999 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 15. Click here to stay informed with the Cupertino market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Cupertino, CA

Thu Apr 18 2024
This week the median list price for Cupertino, CA is $1,199,999 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 15. Click here to stay informed with the Cupertino market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Cupertino market.
Median List Price $1,199,999
Median Price of New Listings $1,299,000
Per Square Foot $1,000
Average Days on Market 23
Median Days on Market 14
Price Decreased 0%
Price Increased 20%
Relisted 7%
Inventory 15
Median Rent
Market Action 50
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. 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
$2,035,000 1,933 0 - 4,500 sqft 3 3 0 1 0 21
$1,299,000 1,193 0 - 4,500 sqft 2 2.5 49 3 0 0
$1,199,444 1,138 0 - 4,500 sqft 2 1.8 52 0 0 24
$1,093,444 1,148 0 - 4,500 sqft 2 2 38 2 0 7