Is Sunnyvale, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunnyvale is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Sunnyvale, CA

How much do homes in Sunnyvale, CA cost?

Median Sold Price

$1,852,857

$1,271/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,057(+2.6%)

Key Takeaway

Homes in Sunnyvale have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Sunnyvale was $1,852,857 in November 2024, up 2.6% from last year, and the median price per square foot was $1,271.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $644.5K$660K
+2.4%
2 $1.1M$1.1M
+4.5%
3 $1.7M$1.8M
+7.2%
4 $2.5M$2.6M
+5.0%
5+ $2.7M$3.2M
+14.7%

Summary: Sunnyvale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Cities

Los Altos
+8.7%
Santa Clara
+8.3%
Mountain View
+4.8%
Sunnyvale
+2.6%
Cupertino
0.2%

Housing Supply in Sunnyvale, CA

How many homes are available in Sunnyvale, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
169106-37.3%

Summary: The Sunnyvale real estate market had 106 homes for sale in November 2024, a 37.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 3627
-25.0%
3 7251
-29.2%
4 4920
-59.2%
5+ 126
-50.0%

Summary: The Sunnyvale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 59.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8449-41.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunnyvale, you could pay more than the asking price. 75.6% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in Sunnyvale in November 2024, down by 41.7% month-over-month. Of the 45 sold homes, 22% were sold under asking, 2% were sold at asking, and 76% were sold over asking.

Days on Market for Sunnyvale, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days21 Days+22.5%

Summary: Homes in Sunnyvale had an average of 21 days on market in Nov 2024, up by 22.5% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 49 homes were sold in Sunnyvale; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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 17 Days Ago

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