Santa Clara County Housing Market Trends Q1 2024

Bay Area Housing Market Update: Santa Clara County Housing Market Trends Q1 2024

 Bay Area Quarterly Housing Market Trend in Santa Clara County, CA

In the first quarter of 2024, average home prices for single-family homes saw a significant increase of 10% compared to the same quarter in 2023. Likewise, the average home prices for Townhomes and Condos experienced a 6% increase in Q1 2024 compared to Q1 2023.

Average Prices

Average Price: Q1 2024 vs Q1 2023 (Quarterly YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of Q1 2024 compared to Q1 2023.

  • Single Family Homes Average home price increased to $194,689 and 10% Appreciation Year-over-Year.
  • Condos/Townhomes Average home price increased to $55,548 and 6% Appreciation Year-over-Year.

 

Graph 1.1

Average/Sqft

In Graphs 1.4 above, click on Average/Sqft to Discover detailed insights on the Quarterly of the Santa Clara County Housing Market by examining the data in Graphs 1.4

Average: Q1 2024 vs Q1 2023 (Quarterly YoY)

Santa Clara County’s Housing Market Trends Year-over-Year % Change of Q1 2024 compared to Q1 2023.

  • Single Family Homes Average /Sqft increased to $138 and 14% Appreciation Year-over-Year.
  • Condos/Townhomes Average /Sqft increased to $37 and 5% Appreciation Year-over-Year.

Bay Area Quarterly Housing Market Trend in Santa Clara County, CA

The summary encapsulates the dynamic shifts within Santa Clara County’s Housing Market, highlighting the variations in home values across different housing types and periods. For an in-depth analysis of Santa Clara County’s Housing Market trends, refer to the dynamic values presented in Data Graphs 1.1 and 1.2

Graph 1.2

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