Mary Pope-Handy's Market Report

Cupertino, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Cupertino, CA

Mon Jul 04 2022
This week the median list price for Cupertino, CA is $3,093,999 with the market action index hovering around 57. This is less than last month's market action index of 61. Inventory has increased to 36. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Cupertino, CA

Mon Jul 04 2022
This week the median list price for Cupertino, CA is $3,093,999 with the market action index hovering around 57. This is less than last month's market action index of 61. Inventory has increased to 36. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Cupertino market.
Median List Price $3,093,999
Median Price of New Listings $2,262,000
Per Square Foot $1,536
Average Days on Market 47
Median Days on Market 21
Price Decreased 22%
Price Increased 17%
Relisted 3%
Inventory 36
Median Rent
Market Action 57
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
$3,895,000 3,807 8,000 - 10,000 sqft 4 5 34 0 0 35
$3,250,000 2,135 8,000 - 10,000 sqft 4 3 51 0 1 21
$2,788,000 1,392 8,000 - 10,000 sqft 3 2 63 2 5 21
$2,000,000 1,513 6,500 - 8,000 sqft 3 2 67 4 3 7