$10,000 Closing Credit*
$1,888,000
1,240 SqFt
3 Beds
•2 Full Baths
Warren Lee, Listing Office: KW Silicon City
Is Santa Clara, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Santa Clara has remained a Seller's Market.
Key Takeaway
Santa Clara is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Clara, CA
How much do homes in Santa Clara, CA cost?
Median Sold Price
$1,625,000
$1,024/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$124,999(+8.3%)
Key Takeaway
Homes in Santa Clara have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Santa Clara was $1,625,000 in November 2024, up 8.3% from last year, and the median price per square foot was $1,024.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $550K | +13.4% |
| 2 Bedrooms | $905K | $907.5K | 0.3% |
| 3 Bedrooms | $1.5M | $1.7M | +10.0% |
| 4 Bedrooms | $1.8M | $2.1M | +18.1% |
| 5+ Bedrooms | $2.0M | $2.3M | +17.9% |
Summary: Santa Clara housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 17.9%.
Housing Supply in Santa Clara, CA
How many homes are available in Santa Clara, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 171 | 139 | -18.7% |
Summary: The Santa Clara real estate market had 139 homes for sale in November 2024, a 18.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 18 | -5.3% |
| 2 Bedrooms | 49 | 41 | -16.3% |
| 3 Bedrooms | 67 | 48 | -28.4% |
| 4 Bedrooms | 33 | 29 | -12.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Santa Clara housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 28.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Clara, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Santa Clara in November 2024, up by 5.2% month-over-month. Of the 60 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Santa Clara, CA
How long does it take to sell a home in Santa Clara, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +35.3% |
Summary: Homes in Santa Clara had an average of 23 days on market in Nov 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Santa Clara are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 61 homes were sold in Santa Clara; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% 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.