April 2024 Report
Single Family Homes in Santa Clara County, San Jose, All Neighborhoods Change >
Average Price$1,852,680
+1.1%
Pending Properties338
+14.2%
Sale/List Price Ratio111.2%
+1.0%
Days of Inventory21
+25.4%
Trends at a Glance
| Trends At a Glance |
Apr 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,778,000 (+3.7%) |
$1,715,000 |
$1,512,000 (+17.6%) |
| Average Price |
$1,852,680 (+1.1%) |
$1,832,510 |
$1,670,450 (+10.9%) |
| No. of Sales |
349 (+17.5%) |
297 |
273 (+27.8%) |
| Pending |
338 (+14.2%) |
296 |
272 (+24.3%) |
| Active |
250 (+52.4%) |
164 |
269 (-7.1%) |
| Sale vs. List Price |
111.2% (+1.0%) |
110.1% |
105.4% (+5.5%) |
| Days on Market |
11 (-24.7%) |
14 |
20 (-46.6%) |
| Days of Inventory |
21 (+25.4%) |
17 |
29 (-27.3%) |
Market Commentary
The median sales price for single-family, re-sale homes was up 11.7% compared to last year.
The average sales price for single-family, re-sale homes was up 13.7% year-over-year.
Sales of single-family, re-sale homes were up 38%, year-over-year, in April. There were 726 homes sold in Santa Clara County last month. The monthly average since 2000 is 987.
The sales price to list price ratio rose from 109.2% to 110.7%.
Pending sales were down 43.6% year-over-year.
Inventory of single-family, re-sale homes was down for the thirteenth month in a row. It fell 0.8% compared to last year. As of May 5th, there were 639 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 22 days to 26 days. The average since 2003 is 89.
It took twelve 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 14.1% compared to last April. The average sales price gained 9.3% year-over-year.
Condo sales were up 49.5%. There were 326 condos sold in April.
The sales price to list price ratio rose from 106.1% to 106.4%.
Condo inventory was up 46.3% compared to last April.
As of May 5th, there were 332 condos for sale in Santa Clara County. The average since January 2000 is 757.
Days of inventory stayed at thirty.
It took an average of sixteen days to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.