Is Mountain View, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain View is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Mountain View has remained a Seller's Market.

Key Takeaway

Mountain View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mountain View, CA

How much do homes in Mountain View, CA cost?

Median Sold Price

$1,830,000

$1,158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,600(+3.6%)

Key Takeaway

Homes in Mountain View have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Mountain View was $1,830,000 in October 2024, up 3.6% from last year, and the median price per square foot was $1,158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $590K$617.4K
+4.7%
2 $1.1M$1.1M
-0.3%
3 $1.8M$2.0M
+12.3%
4 $2.9M$2.7M
-8.5%
5+ $3.7M$3.9M
+6.8%

Summary: Mountain View housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Cities

Los Altos
+8.1%
Palo Alto
+7.7%
Mountain View
+3.6%
Sunnyvale
+2.8%

Housing Supply in Mountain View, CA

How many homes are available in Mountain View, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135152+12.6%

Summary: The Mountain View real estate market had 152 homes for sale in October 2024, a 12.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 812
+50.0%
2 4546
+2.2%
3 4951
+4.1%
4 2431
+29.2%
5+ 912
+33.3%

Summary: The Mountain View housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3657+58.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain View, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 57 homes were sold or pending in Mountain View in October 2024, up by 58.3% month-over-month. Of the 56 sold homes, 14% were sold under asking, 11% were sold at asking, and 75% were sold over asking.

Days on Market for Mountain View, CA

How long does it take to sell a home in Mountain View, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days15 Days0.4%

Summary: Homes in Mountain View had an average of 15 days on market in Oct 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mountain View are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 57 homes were sold in Mountain View; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Mountain View, CA

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