Mary Pope-Handy's Market Report
Cupertino, CA
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Cupertino, CA
Tue Jun 06 2023
This week the median list price for Cupertino, CA is $3,894,000 with the market action index hovering around 62. This is less than last month's market action index of 66. Inventory has increased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $3,894,000 | |
| Median Price of New Listings | $3,398,000 | |
| Per Square Foot | $1,402 | |
| Average Days on Market | 117 | |
| Median Days on Market | 35 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,296,500 | 3,780 | 8,000 - 10,000 sqft | 5 | 5.8 | 0 | 1 | 0 | 45 |
| $4,048,944 | 2,708 | 6,500 - 8,000 sqft | 5 | 3.8 | 1 | 0 | 0 | 77 |
| $3,688,000 | 2,603 | 6,500 - 8,000 sqft | 4 | 3.5 | 55 | 1 | 4 | 7 |
| $2,300,000 | 1,870 | 6,500 - 8,000 sqft | 3 | 2 | 63 | 1 | 1 | 7 |