November 2023 Report
Single Family Homes in Santa Clara County, All Cities, All Neighborhoods Change >
Average Price$2,024,330
-7.8%
Pending Properties430
-6.3%
Sale/List Price Ratio103.9%
-1.2%
Trends at a Glance
| Trends At a Glance |
Nov 2023 |
Previous Month |
Year-over-Year |
| Median Price |
$1,720,000 (-5.5%) |
$1,820,000 |
$1,564,000 (+10.0%) |
| Average Price |
$2,024,330 (-7.8%) |
$2,194,850 |
$1,908,860 (+6.0%) |
| No. of Sales |
495 (-16.5%) |
593 |
485 (+2.1%) |
| Pending |
430 (-6.3%) |
459 |
363 (+18.5%) |
| Active |
490 (-18.9%) |
604 |
834 (-41.2%) |
| Sale vs. List Price |
103.9% (-1.2%) |
105.1% |
99.6% (+4.2%) |
| Days on Market |
19 (+7.8%) |
18 |
26 (-25.5%) |
| Days of Inventory |
29 (-6.1%) |
31 |
50 (-42.4%) |
Market Commentary
Prices slipped in Nov 2023 with the median price dipping 5.5% from the previous month, up 10.0% compared to last year. The average price fell 7.8%, a yearly gain of 6.0%.
Inventory fell 13.5% from last month, and was down 23.1% year-over-year.