September 2021 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,078,340
+2.2%
Pending Properties1,368
+6.5%
Sale/List Price Ratio107.9%
-0.8%
Trends at a Glance
| Trends At a Glance |
Sep 2021 |
Previous Month |
Year-over-Year |
| Median Price |
$1,610,000 (-2.4%) |
$1,650,000 |
$1,390,000 (+15.8%) |
| Average Price |
$2,078,340 (+2.2%) |
$2,033,990 |
$1,737,850 (+19.6%) |
| No. of Sales |
941 (-3.2%) |
972 |
970 (-3.0%) |
| Pending |
1,368 (+6.5%) |
1,285 |
1,098 (+24.6%) |
| Active |
675 (-2.2%) |
690 |
974 (-30.7%) |
| Sale vs. List Price |
107.9% (-0.8%) |
108.8% |
102.7% (+5.1%) |
| Days on Market |
15 (+6.3%) |
14 |
22 (-32.8%) |
| Days of Inventory |
21 (-2.3%) |
21 |
29 (-28.6%) |
Market Commentary
The median sales price for single-family, re-sale homes fell 2.4% from August. Nevertheless, it was up 15.1% compared to last year. That’s the twenty-third month in a row the median sales price has been higher than the year before.
The average sales price for single-family, re-sale homes rose 2.2% from August. It was up 19.2% year-over-year.
The sales price to list price ratio went from 108.8% to 107.9%. Multiple offers continue to be the norm.
Sales of single-family, re-sale homes were down 1.5% year-over-year in September. There were 941 homes sold in Santa Clara County last month. The monthly average since 2000 is 987. That breaks a twelve month streak of home sales being higher than the year before.
Pending sales were up 17.1% year-over-year.
Inventory of single-family, re-sale homes was down 23.0% compared to last year. That is the twenty-fifth month in a row inventory has been lower than the year before. As of October 5th, there were 674 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, stayed at 21 days. The average since 2003 is 89.
It took only fifteen 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 up 15.6% compared to last September. The average sales price gained 10.2% year-over-year.
Condo sales were up 20.5% year-over-year. There were 452 condos sold in September.
The sales price to list price ratio went from 103.5% to 103.4%.
Condo inventory fell 31.1% compared to last September.
As of October 5th, there were 414 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory rose one day to twenty-seven.
It took an average of nineteen days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.