Santa Clara County Housing Market Trends – August 2023

Average Price: August 2023

Average Price: August 2023 vs August 2022 (YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes Average sold price increased to $282,113 and overall, 15% Appreciation Year-over-Year.

* Townhome/CONDO’s Average sold price increased to $34,939 and overall, 4% Appreciation Year-over-Year.

Average Price: August 2023 vs July 2023 (MoM)

Santa Clara County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes Average sold price increased to $131,219 and overall, 6% Depreciation Month-over-Month.

* Townhome/CONDO’s Average sold price decreased to -$12,020 and overall, -1% Depreciation Month-over-Month.

Average Price: August 2023 vs January 2023 (Year to Date)

Santa Clara County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes Average sold price increased to $290,732 and overall, 15% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $71,680 and overall, 8% Appreciation Year to Date.

Listings Activity: August 2023

NEW Listings Activity: August 2023 vs. August 2022 (YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes NEW Listings were down by -33 and overall, -4% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were up by 2 and overall, 1% change Year-over-Year.

SOLD Homes Activity: August 2023 vs. August 2022 (YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of August 2023 compared to August 2022.

* Single Family Homes SOLD Homes were down by -14 and overall, -110% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -2 and overall, -5% change Year-over-Year.

NEW Listings Activity: August 2023 vs. July 2023 (MoM)

Santa Clara County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes NEW Listings were up by 149 and overall, 22% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were up by 18 and overall, 5% change Month-over-Month.

SOLD Homes Activity: August 2023 vs. July 2023 (MoM)

Santa Clara County’s Housing Market Trends Month-over-Month % Change of August 2023 compared to July 2023.

* Single Family Homes SOLD Homes were up by 75 and overall, 12% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were up by 55 and overall, 21% change Month-over-Month.

NEW Listing Activity: August 2023 vs. January 2023 (Year to Date)

Santa Clara County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes NEW Listings were up by 359 and overall, 76% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 134and overall, 55% change Year to Date.

SOLD Homes Activity: August 2023 vs. January 2023 (Year to Date)

Santa Clara County’s Housing Market Trends Year to Date % Change of August 2023 compared to January 2023.

* Single Family Homes SOLD Homes were up by 390 and overall, 131% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 191 and overall, 157% change Year to Date.

Resources: MLS Listings Inc

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