$10,000 Closing Credit*
$1,974,999
2,336 SqFt
4 Beds
•4 Full Baths
Karen Nelsen, Listing Office: Intero Real Estate Services
Is San Martin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Martin has remained a Seller's Market.
Key Takeaway
San Martin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Martin, CA
How much do homes in San Martin, CA cost?
Median Sold Price
$1,575,000
$750/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$325,000(-17.1%)
Key Takeaway
Homes in San Martin have sold for 17.1% less than they did a year ago.
Summary: The median home sold price in San Martin was $1,575,000 in October 2024, down 17.1% from last year, and the median price per square foot was $750.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.0M | - | N/A |
| 2 Bedrooms | $400K | $750K | +87.5% |
| 3 Bedrooms | $1.3M | $1.5M | +14.3% |
| 4 Bedrooms | $2.0M | $1.6M | -21.2% |
| 5+ Bedrooms | $2.8M | $2.1M | -26.5% |
Summary: San Martin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Llagas-Uvas | $1.4M | $1.6M | +16.6% |
| South Santa Clara Valley | $1.1M | $1.2M | +9.1% |
| Morgan Hill | $1.2M | $1.3M | +8.1% |
| San Martin | $1.9M | $1.5M | -17.1% |
Housing Supply in San Martin, CA
How many homes are available in San Martin, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The San Martin real estate market had 12 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The San Martin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Martin, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in San Martin in October 2024, up by 500.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 88 Days | +39.0% |
Summary: Homes in San Martin had an average of 88 days on market in Oct 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Martin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in San Martin; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.