Santa Clara County Housing Market Trends – July 2023

Average Price: July 2023

Average Price: July 2023 vs July 2022 (YoY)

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

* Single Family Homes Average sold price decreased to -$45,605 and overall, -2% Depreciation Year-over-Year.

* Townhome/CONDO’s Average sold price decreased to -$5,355 and overall, -1% Depreciation Year-over-Year.

Average Price: July 2023 vs June 2023 (MoM)

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

* Single Family Homes Average sold price decreased to -$77,156 and overall, -4% Depreciation Month-over-Month.

* Townhome/CONDO’s Average sold price decreased to -$49,054 and overall, -5% Depreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $162,376 and overall, 8% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $85,138 and overall, 9% Appreciation Year to Date.

Listings Activity: July 2023

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

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

* Single Family Homes NEW Listings were down by -350 and overall, -34% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by -74 and overall, -17% change Year-over-Year.

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

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

* Single Family Homes SOLD Homes were down by -46 and overall, -7% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -68 and overall, -21% change Year-over-Year.

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

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

* Single Family Homes NEW Listings were down by -99 and overall, -13% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were down by -6 and overall, -2% change Month-over-Month.

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

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

* Single Family Homes SOLD Homes were down by -195 and overall, -24% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by -59 and overall, -19% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were up by 205 and overall, 43% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 111 and overall, 46% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 310 and overall, 104% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 136 and overall, 111% change Year to Date.

Resources: MLS Listings Inc

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