Above is the market real estate "snapshot" in Silicon Valley (previous snapshots, including a pre-corona snapshot, are below). The current update as of November 8, 2023, out of 444,000 homes in Santa Clara County, there are 1282 active listings on the market. Of those, 807 are single family homes and 474 are condos or townhouses. Our "number of months supply" is now at 1.4 months of supply (same as last month). Average days on market before going into contract is right around 19, and listings are selling above the list price at 104.1% average list price to sales price ratio.
Average sales price in Santa Clara County across all property types (including condos and townhomes) is $1,836,636 and for single family homes is $2,156,346. The average price of an SFR one year ago was $1,950,187. The median SFR is currently $1,800,000
We update the Santa Clara County Real Estate Price Trends regularly, looking up statistics manually directly from the MLS. This is not a system generated report. If you are looking for a Bay Area Realtor, we're here to help. We'd be happy to answer questions about buying a home in the Bay Area, the home selling process, or any other question you have.
If you'd like a customized market report for your town, area, or zip code please let us know - our home selling team is happy to prepare it for you.
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