February 2025 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,389,390
+4.9%
Pending Properties516
+51.8%
Sale/List Price Ratio109.5%
+4.4%
Trends at a Glance
| Trends At a Glance |
Feb 2025 |
Previous Month |
Year-over-Year |
| Median Price |
$2,000,000 (+8.7%) |
$1,840,000 |
$1,820,000 (+9.9%) |
| Average Price |
$2,389,390 (+4.9%) |
$2,277,380 |
$2,119,210 (+12.7%) |
| No. of Sales |
386 (+25.7%) |
307 |
383 (+0.8%) |
| Pending |
516 (+51.8%) |
340 |
505 (+2.2%) |
| Active |
591 (+44.9%) |
408 |
401 (+47.4%) |
| Sale vs. List Price |
109.5% (+4.4%) |
104.9% |
107.4% (+2.0%) |
| Days on Market |
16 (-43.1%) |
27 |
20 (-20.5%) |
| Days of Inventory |
41 (+3.7%) |
40 |
29 (+41.0%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 9.9% compared to last year. The median sales price was $2,000,000.
The average sales price for single-family, re-sale homes was up 12.7% year-over-year. The average sales price was $2,389,390.
Sales of single-family, re-sale homes were up 0.8%, year-over-year. There were 386 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
The sales price to list price ratio rose from 104.9% to 109.5%.
Pending sales were up 2.2% year-over-year. There are 516 homes in escrow.
Inventory of single-family, re-sale homes was up 47.4% compared to last year. As of March 5th, there were 591 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 40 days to 41 days. The average since 2003 is 89.
It took sixteen 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 set record highs last month. The median sales price for condos was up 25.3% compared to last February. The median sales price was $1,152,500. The average sales price gained 16.3% year-over-year. The average sales price was $1,177,480.
Condo sales were up 5.8%. There were 218 condos sold in January.
The sales price to list price ratio rose from 101.4% to 104.6%.
Pending sales were up 25.7% year-over-year. There are 289 condos in escrow.
Condo inventory was up 106.1% compared to last February.
As of March 5th, there were 441 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory fell from sixty-seven to fifty-five.
It took an average of twenty-two days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.