April 2025
Centrally located near many of the high-tech companies with cute Murphy Street and the rapidly expanding Sunnyvale Cityline development. Click here for additional information about the Sunnyvale community and schools.
Sunnyvale home values jumped 13.1% in 2024. The annual increase in the median price for Sunnyvale homes has averaged 7.4%% per year (CAGR) since 1998.
Market demand for Sunnyvale homes remains strong. Homes are selling quickly with Days on Market (red line) at all-time low levels. The average final sales vs. list price (blue line) is still very high levels and even higher if the home sells in the first week or two.
The supply of New Listings (blue line) is 12% lower than historical levels. The number of Sales (red line) also declined the lowest number in 20 years.
Sunnyvale single family residences start at $1.0M. Homes located within the Cumberland, Cherry Chase and Cupertino elementary schools are more in the $2M+ range.
The above chart gives you an idea of both the range of home sizes and their corresponding $/SQFT.
The Quarterly Median Price provides some insight into the annual averages.
Monthly Median Prices may reflect changes in the mix of homes in one specific month.
Average Days on Market is seasonal with Nov-Jan typically being the longest.
The average Sales vs. List Price suggests the number of competing offers bidding up the price.
Homes selling during the first two weeks on market typically sell for well over list.
The supply of New Listings is seasonal with Nov-Jan being the slowest. Suggests the changes noted above are due to change in market demand, not supply.
The Inventory of Active Listings is as of month-end.
The number of Sales is seasonal along with supply of New Listings.
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.