December 2024
Sunnyvale Condos are in very high demand due to their proximity to many large high-tech companies, such as Google, LinkedIN, Microsoft and others. Note that the market data below includes both Condos and Townhomes. Click on these links for information on the Sunnyvale Community and Schools.
Sunnyvale condo prices rose 10.1% in 2024. The annual increase in the median price for Sunnyvale condos have averaged 6.8% per year (CAGR) since 1998 and have doubled in value over the past 10 years.
Market demand for Sunnyvale Condos remains strong. The average Days on Market (red line) remains at historic lows. The average Sales vs. List Price (blue line) is still over list.
The Supply of New Listings (blue line) returned to historic levels.
Sunnyvale Condos typically range in price from $500K up to $2M.
The scatter chart above shows both the distribution of the size of condos and the $/SQFT.
Quarterly averages provide insight into the annual averages.
The monthly Median Price may reflect a change in the mix of condos selling in a particular month, not necessarily changes in home values.
Days on Market is seasonal with spikes typically in Dec-Jan during the slowest time of the year.
The average Sales vs. List Price percentage suggests the number of competing offers.
Condos selling during the first two weeks on market typically sell for over list.
The supply of New Listings is seasonal with Nov-Jan being the lowest.
The number of Active Listings is dramatically lower.
The number of Sales per month has also declined from prior years.
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.