Is San Martin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Martin has remained a Seller's Market.
Housing Prices in San Martin, CA
How much do homes in San Martin, CA cost?
Median Sold Price
$1,633,000
$792/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Martin was $1,633,000 in May 2024, up 9.3% from last year, and the median price per square foot was $792.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $2.0M | N/A |
2 Bedrooms | $580K | $387K | -33.3% |
3 Bedrooms | $1.4M | $1.5M | +5.0% |
4 Bedrooms | $1.9M | $1.8M | -5.3% |
5+ Bedrooms | $2.8M | $2.7M | -3.7% |
Summary: San Martin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
San Martin | $1.4M | $1.6M | +9.3% |
Morgan Hill | $1.2M | $1.3M | +8.2% |
Llagas-Uvas | $1.4M | $1.5M | +6.9% |
South Santa Clara Valley | $1.1M | $1.2M | +4.3% |
Housing Supply in San Martin, CA
How many homes are available in San Martin, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The San Martin real estate market had 17 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The San Martin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in San Martin in May 2024, up by 166.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for San Martin, CA
How long does it take to sell a home in San Martin, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 37 Days | -14.9% |
Summary: Homes in San Martin had an average of 37 days on market in May 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in San Martin; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.