Mary Pope-Handy's Market Report

Cupertino, CA

Single-Family Homes

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



Cupertino, CA

Thu Feb 29 2024
This week the median list price for Cupertino, CA is $3,249,894 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has decreased to 14. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Cupertino, CA

Thu Feb 29 2024
This week the median list price for Cupertino, CA is $3,249,894 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has decreased to 14. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Cupertino market.
Median List Price $3,249,894
Median Price of New Listings $3,299,888
Per Square Foot $1,364
Average Days on Market 160
Median Days on Market 18
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent
Market Action 56
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$5,288,888 3,795 0.25 - 0.5 acre 5 4.5 20 1 1 21
$3,688,000 2,611 6,500 - 8,000 sqft 5 3 55 1 2 7
$2,974,950 2,183 6,500 - 8,000 sqft 4 3 59 3 3 0
$2,149,944 1,445 2.5 - 5 acres 3 3 59 0 0 252