Santa Clara County Housing Market Trends – September 2023

Average Price: September 2023

Average Price: September 2023 vs September 2022 (YoY)

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

* Single Family Homes Average sold price increased to $243,528 and overall, 13% Appreciation Year-over-Year.

* Townhome/CONDO’s Average sold price increased to $93,188 and overall, 9% Appreciation Year-over-Year.

Average Price: September 2023 vs August 2023 (MoM)

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

* Single Family Homes Average sold price decreased to -$29,655 and overall, -1% Depreciation Month-over-Month.

* Townhome/CONDO’s Average sold price increased to $69,937 and overall, 7% Appreciation Month-over-Month.

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

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

* Single Family Homes Average sold price increased to $263,982 and overall, 14% Appreciation Year to Date.

* Townhome/CONDO’s Average sold price increased to $140,992 and overall, 15% Appreciation Year to Date.

Listings Activity: September 2023

NEW Listings Activity: September 2023 vs. September 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 -79 and overall, -9% change Year-over-Year.

* Townhome/CONDO’s NEW Listings were up by 43 and overall, 12% 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 -222 and overall, -27% change Year-over-Year.

* Townhome/CONDO’s SOLD Homes were down by -94 and overall, -26% change Year-over-Year.

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

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

* Single Family Homes NEW Listings were down by -72 and overall, 8% change Month-over-Month.

* Townhome/CONDO’s NEW Listings were up by 8 and overall, 2% change Month-over-Month.

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

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

* Single Family Homes SOLD Homes were down by –95 and overall, -14% change Month-over-Month.

* Townhome/CONDO’s SOLD Homes were down by –59 and overall, -18% change Month-over-Month.

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

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

* Single Family Homes NEW Listings were up by 301 and overall, 63% change Year to Date.

* Townhome/CONDO’s NEW Listings were up by 148 and overall, 61% change Year to Date.

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

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

* Single Family Homes SOLD Homes were up by 304 and overall, 102% change Year to Date.

* Townhome/CONDO’s SOLD Homes were up by 139 and overall, 114% change Year to Date.

Resources: MLS Listings Inc

https://www.mlslistings.com/media-center/interactive-market-snapshots/

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