The Silicon Valley Real Estate Market Trends Report

March 2024 Report

Condos in Santa Clara County, Santa Clara, All Neighborhoods Change >

Median Price

$1,335,000

+71.2%

Average Price

$1,157,370

+27.5%

No. Sold

+36.4%

Pending Properties

+60.0%

Active

+15.4%

Sale/List Price Ratio

107.9%

-3.8%

Days on Market

+26.5%

Days of Inventory

-9.3%

Trends At a Glance	Mar 2024	Previous Month	Year-over-Year
Median Price	$1,335,000 (+71.2%)	$780,000	$985,000 (+35.5%)
Average Price	$1,157,370 (+27.5%)	$907,500	$1,032,020 (+12.1%)
No. of Sales	15 (+36.4%)	11	20 (-25.0%)
Pending	32 (+60.0%)	20	16 (+100.0%)
Active	15 (+15.4%)	13	14 (+7.1%)
Sale vs. List Price	107.9% (-3.8%)	112.2%	102.6% (+5.2%)
Days on Market	23 (+26.5%)	18	16 (+40.0%)
Days of Inventory	30 (-9.3%)	33	21 (+42.9%)

Market Barometer

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Market Commentary

Home Sales Up in Mar 2024

Sales increased 36.4% from the month before, and were down 25% year-over-year.

Prices improved in Mar 2024 with the median price climbing 71.2% from the previous month, up 35.5% compared to last year. The average price rose 27.5%, a yearly gain of 12.1%.

Inventory rose 42.4% from last month, and was up 56.7% year-over-year.