Santa Clara County Housing Market Trends – May 2023

Average Price: May 2023

Average Price: May 2023 vs. May 2022 (YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of May 2023 compared to May2022.

* Single Family Homes Average sold price decreased to -$220,806 and overall, -10% Depreciation Year-over-Year.

* Townhome/CONDO’s Average sold price decreased to -$84,484 and overall, -8% Depreciation Year-over-Year.

Average Price: May 2023 vs March 2023 (MoM)

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

* Single Family Homes Average sold price increased to $49,850 and overall, 2% Appreciation Month-over-Month.

* Townhome/CONDO’s Average sold price increased to $26,691 and overall, 3% Appreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $162,524 and overall, 8% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $83,379 and overall, 9% Appreciation Year to Date.

Listings Activity: May 2023

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

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

* Single Family Homes NEW Listings were down by -474 and overall, -37% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were down by –285 and overall, -47% change Year-over-Year.

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

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

* Single Family Homes SOLD Homes were down by -473 and overall, -45% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -321 and overall, -57% change Year-over-Year.

NEW Listings Activity: May 2023 vs. March 2023 (MoM)

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

* Single Family Homes NEW Listings were up by 10 and overall, 1% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were down by -35 and overall, 10% change Month-over-Month.

SOLD Homes Activity: May 2023 vs. March 2023 (MoM)

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

* Single Family Homes SOLD Homes were down by -61 and overall, -9% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by -32 and overall, -12% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were up by 339 and overall, 71% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 76 and overall, 31% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 285 and overall, 96% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 118 and overall, 97% change Year to Date.

Resources: MLS Listings Inc

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