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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 is experiencing an astoundingly strong autumn with a prolonged seller’s market that just keeps getting hotter! Here’s a glance at some of what we’re seeing in the single family home market below:

  • Inventory in December 2021 was 8. In December 2020 it was 17.
  • Days on market average just 16
  • The sales to list price ratio averaged an unbelievably hot 115.6% of asking! (13% more than a year ago)

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:

Inventory is low and demand is high.  We are not seeing the winter cooling of the market that prevails most years.

Trends at a Glance

Trends At a Glance Dec 2021 Previous Month Year-over-Year
Median Price $2,657,000 (+6.3%) $2,500,000 $2,295,000 (+15.8%)
Average Price $2,831,780 (+4.2%) $2,717,260 $2,339,830 (+21.0%)
No. of Sales 18 (-33.3%) 27 36 (-50.0%)
Pending 28 (-22.2%) 36 28 (0.0%)
Active (-20.0%) 10 17 (-52.9%)
Sale vs. List Price 115.6% (+0.7%) 114.8% 102.3% (+13.0%)
Days on Market 16 (+47.5%) 11 22 (-25.2%)
Days of Inventory 13 (+24.1%) 11 14 (-5.9%)

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

Mountain 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.

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 early winter, and following similar trends with tiers averaging between 80-120 days. The upper-price tier is the fastest while the lower-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.

 

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 not be many, but where are no where near that level today.

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

This market has become a little more affordable during COVID as buyers wanted houses with yard rather than a condo or townhouse without exterior space. Are prices really dropping, or is it that the most affordable units are now selling? To know for sure, we’d want to look at a large condo or townhouse development and compare homes with the same floor plan selling each year or quarter with each other. I do believe that these prices have come down a little. It may be an ideal time to purchase a condo or townhome in Mountain View. When people are forced to return to the office for work this trend should reverse.

Trends at a Glance

Trends At a Glance Dec 2021 Previous Month Year-over-Year
Median Price $1,039,500 (-17.3%) $1,256,500 $1,198,500 (-13.3%)
Average Price $1,140,970 (-9.2%) $1,256,600 $1,140,570 (0.0%)
No. of Sales 30 (-6.3%) 32 22 (+36.4%)
Pending 30 (-31.8%) 44 21 (+42.9%)
Active (-72.7%) 22 34 (-82.4%)
Sale vs. List Price 104.9% (+2.3%) 102.5% 99.9% (+5.0%)
Days on Market 26 (-28.1%) 36 41 (-35.8%)
Days of Inventory (-69.9%) 20 46 (-87.1%)

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 rising market action. Days on market are gradually slowing, and active inventory continues to plummet, although it remains larger than single family homes. Mountain View condos are a competitive market for buyers, but definitely calmer than the city’s single family housing market.

Townhouse and condo market in Mountain View: Altos Research Charts

First – a longer view of the housing market in Mountain View:

This chart is fascinating as it points to fluctuations in the market which may not be so intuitive. If I’d had to guess, I’d have expected the higher priced homes to have dropped more, and the lower level homes to have risen since they are most attainable.

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 falling, we might expect prices to be rising. The average sale price was flat, though. The median sale price has fallen, but that may mean that cheaper homes are being purchased, not that values are declining.

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

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