April 2025
Santa Clara is the home to Intel and the San Francisco 49er’s football team and Santa Clara University.
Santa Clara home values jumped 14.5% during 2024. The annual increase in the median price for Santa Clara homes has averaged 7.4% per year (CAGR) since 1998 and doubled over the past 10 years.
Market demand for Santa Clara homes remains strong. The annual average Days on Market (red line) is at all-time lows. The final sales vs. list price (blue line) is well above list price and even higher if it sells within the first week or two on market (see below).
The supply of New Listings for Santa Clara homes (blue line) recovered slightly after dramatically declining the previous year and still 25% below 2012-2021 levels.
Santa Clara homes are typically in the $1.0M to $3.0M price range.
The scatter chart above shows the distribution of both size of homes and their $/SQFT.
Quarterly median prices provide insight into the annual averages.
Keep in mind that the monthly fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily just changes in home values.
The monthly average Days on Market is seasonal with spikes typically in Dec-Jan during the slowest time of the year.
The monthly average Final Sales over List Price suggests the number of competitive offers.
Homes selling during the first two weeks on market typically sell for well over list.
The monthly supply of New Listings is seasonal with December being the low-point during the year.
The Inventory of Active listings is as of month-end.
The number of Sales is also seasonal.
Source: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.