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Mountain View CA real estate market trends and statistics on Mary Pope-Handy's Valley of Heart's Delight blogMountain View’s real estate market has cooled just a little more as compared to April, and April was cooler than March. Some of that can be seasonally normal, however, prices are down from 12 months ago. That is not seasonally normal at all.

  • Prices are down month-over-month (appx 14-15%) and also year-over-year (just a little)
  • Properties are selling quickly with 12 days on the market, however, this is up from last month’s  11 days on the market.
  • The sales to list price ratio rose a tad to 116.5% of asking

Many home sales here are powered by the stock market, and most stocks are faring poorly now. At some point, this will impact what buyers can or will do, and prices should level off or decline at that point.

The Mountain View Real Estate Market

How’s the Mountain View CA real estate market? This is one of the hottest areas within Silicon Valley and is home to a myriad of high tech companies and is a stone’s throw from others. With a charming and walk-able downtown, easy access to CalTrain, and a vibrant atmosphere conducive to both work and play, it is no wonder that people relocating to the San Francisco Bay Area or Silicon Valley place Mountain View squarely in their target. (Also popular are adjacent municipalities: Sunnyvale, Cupertino, Los Altos, and Palo Alto.)

Overview of the city of Mountain View’s residential real estate market for houses:

First let’s have a look at the Real Estate Report with sales data taken directly from the MLS. These numbers for May are softer than they were for April (and April was softer than March). Last month the prices were still up year over year. In May, though, they are now off from the same time last year.

Trends at a Glance

Trends At a Glance May 2022 Previous Month Year-over-Year
Median Price $2,550,000 (-15.1%) $3,005,000 $2,520,000 (+1.2%)
Average Price $2,620,910 (-13.8%) $3,039,820 $2,633,520 (-0.5%)
No. of Sales 23 (-4.2%) 24 25 (-8.0%)
Pending 51 (+2.0%) 50 34 (+50.0%)
Active 31 (+24.0%) 25 25 (+24.0%)
Sale vs. List Price 116.5% (+0.3%) 116.2% 107.4% (+8.4%)
Days on Market 12 (+6.3%) 11 12 (-4.4%)
Days of Inventory 40 (+33.9%) 30 30 (+34.8%)

 

 

Mountain View CA real estate market trends and data by neighborhood or district

Click hereMountain View is comprised of a number of neighborhoods and school districts, each with different appeal and amenities. If you’re planning to buy or sell a home, it’s important to hone in and pinpoint the property’s micro market to understand the trends and pricing.

You can check these out by going to the Mountain View page on the RE Report, and then select “All Neighborhoods” to see a list and select the one you’d like to view.

Here are some of those Mountain View neighborhoods:

Altos Research provides (to us subscribers) all kinds of tools. The chart below is one of them and it’s updated automatically each month (using list prices not sale prices). Check out the Altos Report for ALL of Mountain View at this link, or go there and then navigate to your desired zip code or other area as mentioned above.

Mountain View, CA Altos Real-Time Market Profile

This chart updates in real time, about once a week.

Altos Research Charts: Single Family homes by price quartile

Median List price graphed by quartiles:

Please remember that Altos uses LIST prices. The charts will give you a sense of which price points are the most competitive there.

Real Estate Market Chart by Altos Research www.altosresearch.com

 

Average days on market for single family homes in Mountain View:

This chart’s lines are all over the place! Right now all areas are selling at a good pace for winter, and following similar trends with tiers averaging between 80-180 days. The upper-price tier is the fastest while the bottom-price tier is the slowest as of the most recent update.

Remember that data for days on market between mid-March and mid-May of last year (2020) is incorrect due to the MLS’s pause on the DOM timer. Also, properties that are “coming soon” on the MLS are included in this counter. Sometimes a property might be on the MLS in this category for months while the listing is being prepared for showing, but might sell within days of becoming an “active” listing. So take this average with a grain of salt!

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

Inventory of single family homes:

Forty homes for sale in the city of Mountain View would often be considered low inventory, but over the last few years we haven’t seen inventory come anywhere near that level.

Real Estate Market Chart by Altos Research www.altosresearch.com

Please continue reading to see the Mountain View real estate market data for condominiums and townhouses, plus the live Altos Research charts for condos and townhomes.

Mountain View Condo & Townhouse Real Estate Market

We’ll start with the RE Report again.

The Mountain View condo market is a strong seller’s market today and at the same time it is flattening out a bit.

Trends at a Glance

Trends At a Glance May 2022 Previous Month Year-over-Year
Median Price $1,280,000 (-7.8%) $1,389,000 $1,300,000 (-1.5%)
Average Price $1,348,320 (-3.5%) $1,397,270 $1,273,270 (+5.9%)
No. of Sales 33 (+10.0%) 30 40 (-17.5%)
Pending 39 (-20.4%) 49 38 (+2.6%)
Active 30 (+3.4%) 29 35 (-14.3%)
Sale vs. List Price 110.3% (-0.1%) 110.3% 103.9% (+6.1%)
Days on Market 12 (-43.3%) 22 19 (-35.8%)
Days of Inventory 27 (-2.7%) 28 26 (+3.9%)

 

 

 

Altos Research data for Mountain View:

 

Condos of Mountain View, CA Altos Real-Time Market Profile

The most recent update shows that condos in Mountain View are in a strong seller’s market with a declining market action as some cooling kicks in. Even so, it’s still a strong seller’s market.

Townhouse and condo market in Mountain View: Altos Research Charts

First – a longer view of the housing market in Mountain View. The median list price is falling in all 4 percentiles.

 

Average days on market:

Again, the days on market for condos, like for houses, appear unruly and unpredictable. They are usually all over the place, and a number of them switched places over time.

Real Estate Market Chart by Altos Research www.altosresearch.com

Inventory:

With inventory rising, we might expect prices to come down. And that’s what is happening. (What we have right now is seasonally normal – for now.)

Real Estate Market Chart by Altos Research www.altosresearch.com

Mountain View zip codes include 94040, 94041, 94043 (related areas 94035, 94039, 94042 – post office and other non-housing areas)

Are you interested in buying or selling a home in Mountain View? I work with nice folks all over Santa Clara County and would welcome the opportunity to talk with you about possibly working together – no obligation, no pressure. (I truly dislike pushy people, probably as much as you do.)

Related Reading:

Cupertino Real Estate Market Trends and Statistics

Sunnyvale real estate market trends & statistics

Los Altos: Beautiful Silicon Valley Suburb

Authors

  • Silicon Valley Realtor, selling homes in Los Gatos, Saratoga, San Jose, Silicon Valley, and nearby since 1993. Prolific blogger with a network of sites.

  • Realtor, GREEN | DRE 02153633 | Christie's International Real Estate - Sereno