December 2024 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,310,140
-1.4%
Pending Properties302
-43.0%
Sale/List Price Ratio105.2%
-0.1%
Trends at a Glance
| Trends At a Glance |
Dec 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,850,000 (-3.9%) |
$1,925,000 |
$1,736,000 (+6.6%) |
| Average Price |
$2,310,140 (-1.4%) |
$2,341,850 |
$1,991,790 (+16.0%) |
| No. of Sales |
472 (-25.4%) |
633 |
406 (+16.3%) |
| Pending |
302 (-43.0%) |
530 |
332 (-9.0%) |
| Active |
264 (-34.2%) |
401 |
260 (+1.5%) |
| Sale vs. List Price |
105.2% (-0.1%) |
105.2% |
103.1% (+2.1%) |
| Days on Market |
26 (+20.6%) |
22 |
23 (+15.1%) |
| Days of Inventory |
17 (-8.7%) |
18 |
19 (-12.7%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 6.6% compared to last year. The median sales price was $1,850,000.
The average sales price for single-family, re-sale homes was up 16% year-over-year. The average sales price was $2,310,140.
Sales of single-family, re-sale homes were up 16.3%, year-over-year. There were 472 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
The sales price to list price ratio stayed at 105.2%.
Pending sales were down 9% year-over-year. There are 302 homes in escrow.
Inventory of single-family, re-sale homes was up 1.5% compared to last year. As of January 5th, there were 264 homes for sale in Santa Clara County. The average since January 2000 is 2,703.
Days of Inventory, or how long it would take to sell all homes listed for sale at the current rate of sales, fell from 18 days to 17 days. The average since 2003 is 89.
It took twenty-six days to sell a home last month. That is the time from when a home is listed for sale to when it goes into contract.
Condo prices were also up last month. The median sales price for condos was up 10.5% compared to last December. The median sales price was $961,500. The average sales price gained 8.3% year-over-year. The average sales price was $1,046,000.
Condo sales were up 19.6%. There were 220 condos sold in December.
The sales price to list price ratio fell from 101.7% to 101.4%.
Pending sales were up 25.2% year-over-year. There are 169 condos in escrow.
Condo inventory was up 37.4% compared to last December.
As of January 5th, there were 213 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory fell from thirty-eight to twenty-nine.
It took an average of thirty-six days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.