The Cupertino real estate market heated up some in September.

The condo market has a ton more listings than sales, so it’s a cold market, generally.

Cupertino Real Estate market – Closed Sales and Trends at a Glance

Here are the most recent real estate statistics, via our Cupertino Real Estate Report. Please note that the RE Report data is syndicated from MLS Listings, which cannot syndicate info entered by other MLS organizations, only listings inputted into MLS Listings. The data from RE Report represents the locally entered info only, which appears to be about 90% of all sales due to the MLS rules.

(If you’re viewing the chart below on a mobile device, please swipe horizontally to see all columns.)

Home prices are up a little bit annually. The sale to list price ratio remains high, but lower than a year ago at this time. There is a decent ratio of closed sales to active listings, and even a higher ratio of pending sales to active listings, a hint that the matket for Cupertino houses is heating up.

Trends At a Glance	Sep 2026	Previous Month	Year-over-Year
Median Price	$3,210,000 (-3.3%)	$3,319,500	$3,208,210 (+0.1%)
Average Price	$3,230,140 (+0.5%)	$3,213,100	$3,190,390 (+1.2%)
No. of Sales	16 (-20.0%)	20	14 (+14.3%)
Pending	32 (+113.3%)	15	12 (+166.7%)
Active	29 (-27.5%)	40	19 (+52.6%)
Sale vs. List Price	106.8% (+3.2%)	103.4%	107.8% (-0.9%)
Days on Market	14 (-42.4%)	23	10 (+35.0%)
Days of Inventory	53 (-12.4%)	60	39 (+33.6%)

Next, the Cupertino real estate market via the Altos Research weekly charts (they use LIST prices, not sale prices). To see the FULL report from Altos, please click HERE. This week we do see a big difference between the Altos data (uses all MLS entered listings, but only uses list prices) and the RE Report data, which uses closed sales data, but only from MLS entries entered locally (not Bay East, for instance).

As of Oct 9, the percentage of houses with a price decrease is just 11%, far below the average of 30-33%, which is more typical.

 

The Altos research chart above updates approximately once a week. The latest update says it is in a strong seller’s market, which is confirmed by the RE Report data at the top of the page.

Cupertino median list price of houses by price quartile (Altos Research)

 

 

Median List Price (half of all homes are listed for more, half for less):

 

 

Here’s the same data just for the top quartile, the most expensive properties (luxury homes segment):

 

Median List Price (all quartiles combined)

 

Cupertino Days on Market by Price Quartile: What’s Selling Fastest

 

The market may vary by price point or exactly location somewhat. For instance, the Monta Vista neighborhood may sell differently from areas in Cupertino closer to Sunnyvale or Santa Clara.

The Cupertino Real Estate Market: Condominium and Townhouse Segment

There was only ONE sale in September, and that one sold wildly over list price, but that doesn’t make it a hot market. There were 19 active listings and only 10 pendings and 1 closed sale, so a cool to cold market.

Trends At a Glance	Sep 2026	Previous Month	Year-over-Year
Median Price	$1,550,000 (+21.4%)	$1,276,250	$1,228,000 (+26.2%)
Average Price	$1,550,000 (+19.0%)	$1,302,920	$1,244,710 (+24.5%)
No. of Sales	1 (-83.3%)	6	7 (-85.7%)
Pending	10 (+233.3%)	3	9 (+11.1%)
Active	19 (+18.8%)	16	11 (+72.7%)
Sale vs. List Price	120.3% (+20.6%)	99.7%	100.3% (+19.9%)
Days on Market	14 (-69.1%)	45	17 (-15.5%)
Days of Inventory	551 (+588.8%)	80	46 (+1,109.1%)

 

Altos chart using LIST pricing data – see the full market report here:  note that the average days on market is rising:

 

 

 

Cupertino real estate market for condos and townhomes: charts by data type

 

 

Here’s a quick look at the Cupertino condominiums and townhouses for sale or recently sold:

 

 

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