May 2025 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,522,990
+2.6%
Pending Properties682
+10.7%
Sale/List Price Ratio104.5%
-2.7%
Days of Inventory44
+16.1%
Trends at a Glance
| Trends At a Glance |
May 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$2,166,120 (+1.7%) |
$2,130,000 |
$2,100,000 (+3.1%) |
| Average Price |
$2,522,990 (+2.6%) |
$2,457,980 |
$2,438,990 (+3.4%) |
| No. of Sales |
700 (-5.1%) |
738 |
851 (-17.7%) |
| Pending |
682 (+10.7%) |
616 |
700 (-2.6%) |
| Active |
1,035 (+6.5%) |
972 |
743 (+39.3%) |
| Sale vs. List Price |
104.5% (-2.7%) |
107.5% |
109.2% (-4.3%) |
| Days on Market |
17 (+22.8%) |
14 |
14 (+26.4%) |
| Days of Inventory |
44 (+16.1%) |
38 |
26 (+69.3%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 3.1% compared to last year. The median sales price set a new record high of $2,166,120.
The average sales price for single-family, re-sale homes was up 3.4% year-over-year. The average sales price was $2,522,990.
Sales of single-family, re-sale homes were down 17.7%, year-over-year. There were 700 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
The sales price to list price ratio fell from 107.5% to 104.5%.
Pending sales were down 2.6% year-over-year. There are 682 homes in escrow.
Inventory of single-family, re-sale homes was up 39.3% compared to last year. As of June 5th, there were 1,035 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, rose from 38 days to 44 days. The average since 2003 is 89.
It took seventeen 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.
The median sales price for condos was down 10.3% compared to last May. The median sales price was $970,000. The average sales price fell 6% year-over-year. The average sales price was $1,075,860.
Condo sales were down 27.4%. There were 267 condos sold in May.
The sales price to list price ratio fell from 102.8% to 101.7%.
Pending sales were down 3.9% year-over-year. There are 299 condos in escrow.
Condo inventory was up 66% compared to last May.
As of June 5th, there were 674 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory rose from sixty-five to seventy-six.
It took an average of twenty-four days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.