The Silicon Valley Real Estate Market Trends Report

March 2024 Report

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

Median Price

$2,400,000

+7.7%

Average Price

$2,436,140

+13.5%

No. Sold

+37.5%

Pending Properties

+26.9%

Active

+33.3%

Sale/List Price Ratio

114.0%

+3.6%

Days on Market

-13.1%

Days of Inventory

+3.9%

Trends At a Glance	Mar 2024	Previous Month	Year-over-Year
Median Price	$2,400,000 (+7.7%)	$2,227,500	$2,367,500 (+1.4%)
Average Price	$2,436,140 (+13.5%)	$2,146,650	$2,208,050 (+10.3%)
No. of Sales	33 (+37.5%)	24	38 (-13.2%)
Pending	33 (+26.9%)	26	36 (-8.3%)
Active	16 (+33.3%)	12	26 (-38.5%)
Sale vs. List Price	114.0% (+3.6%)	110.0%	105.6% (+8.0%)
Days on Market	14 (-13.1%)	16	21 (-33.0%)
Days of Inventory	15 (+3.9%)	14	21 (-29.1%)

Market Barometer

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Market Commentary

Home Sales Up in Mar 2024

Sales increased 37.5% from the month before, and were down 13.2% year-over-year.

Prices improved in Mar 2024 with the median price climbing 7.7% from the previous month, up 1.4% compared to last year. The average price rose 13.5%, a yearly gain of 10.3%.

Inventory rose 28.9% from last month, and was down 21% year-over-year.