January 2025 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,277,380
-1.4%
Pending Properties340
+12.6%
Sale/List Price Ratio104.9%
-0.3%
Days of Inventory40
+137.6%
Trends at a Glance
| Trends At a Glance |
Jan 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$1,840,000 (-0.5%) |
$1,850,000 |
$1,714,440 (+7.3%) |
| Average Price |
$2,277,380 (-1.4%) |
$2,310,140 |
$2,080,330 (+9.5%) |
| No. of Sales |
307 (-35.0%) |
472 |
314 (-2.2%) |
| Pending |
340 (+12.6%) |
302 |
360 (-5.6%) |
| Active |
408 (+54.5%) |
264 |
319 (+27.9%) |
| Sale vs. List Price |
104.9% (-0.3%) |
105.2% |
103.4% (+1.4%) |
| Days on Market |
27 (+3.9%) |
26 |
24 (+15.7%) |
| Days of Inventory |
40 (+137.6%) |
17 |
30 (+30.8%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 7.3% compared to last year. The median sales price was $1,840,000.
The average sales price for single-family, re-sale homes was up 9.5% year-over-year. The average sales price was $2,277,380.
Sales of single-family, re-sale homes were down 2.2%, year-over-year. There were 307 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
The sales price to list price ratio fell from 105.2% to 104.9%.
Pending sales were down 5.6% year-over-year. There are 340 homes in escrow.
Inventory of single-family, re-sale homes was up 27.9% compared to last year. As of February 5th, there were 408 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 17 days to 40 days. The average since 2003 is 89.
It took twenty-seven 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 mixed last month. The median sales price for condos was down 0.5% compared to last January. The median sales price was $915,000. The average sales price gained 7.9% year-over-year. The average sales price was $1,051,020.
Condo sales were up 16.8%. There were 153 condos sold in January.
The sales price to list price ratio stayed at 101.4%.
Pending sales were up 4.5% year-over-year. There are 210 condos in escrow.
Condo inventory was up 77.7% compared to last January.
As of February 5th, there were 343 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory rose from twenty-nine to sixty-seven.
It took an average of forty-three days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.