March 2024 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,312,030
+9.1%
Pending Properties636
+25.9%
Sale/List Price Ratio109.2%
+1.7%
Days of Inventory22
-23.3%
Trends at a Glance
| 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%) |
Market Commentary
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.