The Mountain View CA real estate market was a strong market and heating up in August, especially for single family homes.
Quick summary on the realty market in Mountain View, CA
- The average sale price for houses is up month-over-month, but down year-over-year.
- The median sale price is also up monthly and down annually.
- Days on market held steady at 13, lightning fast turnover in under 2 weeks
- The sales to list price ratio soared to 106.7% in August, up from 104.3% in July, almost reaching the same level as June (106.8%), but not quite this spring’s peak (107.7% in May). It’s a strong seller’s market!
Mountain View CA real estate market trends at a glance
First let’s have a look at the Real Estate Report for residential sales data. Home prices are up month over month and down year over year. Overall, there hasn’t been much change in the charts since last month with inventory and sales moving along at a steady clip. It is a much stronger seller’s market than it was this time last year.
| Trends At a Glance | Aug 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $2,625,000 (+6.7%) | $2,460,000 | $2,850,000 (-7.9%) |
| Average Price | $2,875,570 (+11.8%) | $2,572,380 | $2,941,590 (-2.2%) |
| No. of Sales | 26 (+23.8%) | 21 | 17 (+52.9%) |
| Pending | 20 (+5.3%) | 19 | 27 (-25.9%) |
| Active | 12 (+9.1%) | 11 | 19 (-36.8%) |
| Sale vs. List Price | 106.7% (+2.4%) | 104.3% | 101.1% (+5.6%) |
| Days on Market | 13 (-2.2%) | 13 | 19 (-31.4%) |
| Days of Inventory | 14 (-11.9%) | 16 | 34 (-58.7%) |
Mountain View CA real estate market trends and data by neighborhood or district
The Mountain View CA real estate market is more complicated than most areas as it 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 and their corresponding MLS codes:
- Downtown Mountain View MLS area 207
- Grant MLS area 208
- Miramonte MLS area 209
- North Bayshore MLS area 202
- North Shoreline MLS area 203
- Rengstorff MLS area 204
- San Antonio MLS area 206
- Sylvan Dale MLS area 201
- Thompson (Monta Loma) MLS area 205
- Whisman MLS area 200
More Mountain View CA real estate market data points! 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.
Altos Research weekly chart for Mountain View housing market trends
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.
Average days on market for single family homes in Mountain View:
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.
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 Real Estate: Condo & Townhouse Statistics
We’ll start with the RE Report data again.
Mountain View CA Real Estate Market Trends at a Glance
The condo market is strong overall, with most price points being up both monthly and annually. This is a sellers’ market, but not a super hot one – making it a good opportunity for both buyers and sellers.
| Trends At a Glance | Aug 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,390,000 (+14.9%) | $1,210,000 | $1,310,000 (+6.1%) |
| Average Price | $1,276,630 (+8.6%) | $1,175,470 | $1,289,750 (-1.0%) |
| No. of Sales | 30 (+100.0%) | 15 | 24 (+25.0%) |
| Pending | 18 (-33.3%) | 27 | 33 (-45.5%) |
| Active | 20 (+11.1%) | 18 | 29 (-31.0%) |
| Sale vs. List Price | 102.4% (+1.5%) | 100.9% | 101.6% (+0.7%) |
| Days on Market | 22 (+9.5%) | 20 | 32 (-31.1%) |
| Days of Inventory | 20 (-44.4%) | 36 | 36 (-44.8%) |
Altos Research data for Mountain View:
The most recent update shows that condos in Mountain View are in a strong seller’s market with a fairly stable market action.
Townhouse and condo market in Mountain View: Altos Research Charts
First – a longer view of the housing market in Mountain View.
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.
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.)
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.)
Mountain View, CA homes for sale:
Check out the single family homes for sale in Mountain View, CA
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