The Silicon Valley Real Estate Market Trends Report

March 2024 Report

Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >

Median Price

$1,910,000

+4.9%

Average Price

$2,312,030

+9.1%

No. Sold

587

+53.3%

Pending Properties

636

+25.9%

Active

440

+9.7%

Sale/List Price Ratio

109.2%

+1.7%

Days on Market

-18.0%

Days of Inventory

-23.3%

Trends At a Glance	Mar 2024	Previous Month	Year-over-Year
Median Price	$1,910,000 (+4.9%)	$1,820,000	$1,675,000 (+14.0%)
Average Price	$2,312,030 (+9.1%)	$2,119,210	$2,020,040 (+14.5%)
No. of Sales	587 (+53.3%)	383	595 (-1.3%)
Pending	636 (+25.9%)	505	480 (+32.5%)
Active	440 (+9.7%)	401	618 (-28.8%)
Sale vs. List Price	109.2% (+1.7%)	107.4%	103.0% (+6.1%)
Days on Market	16 (-18.0%)	20	25 (-35.3%)
Days of Inventory	22 (-23.3%)	29	31 (-27.8%)

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City

Neighborhood

Property Types

Date

Market Barometer

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Market Commentary

Home Sales Up in Mar 2024

Sales increased 53.3% from the month before, and were down 1.3% year-over-year.

Prices improved in Mar 2024 with the median price climbing 4.9% from the previous month, up 14.0% compared to last year. The average price rose 9.1%, a yearly gain of 14.5%.

Inventory rose 18.8% from last month, and was down 2% year-over-year.