Mountain View real estate market trends - by Mary Pope-Handy and Clair Handy - blue house with wordsThe Mountain View CA real estate market was a strong market and continued heating up, even breaking some recent records!

Quick summary on the realty market in Mountain View, CA

  • Just 12 sales of houses / single family homes in March – this may be wonky due to the low number
  • The average sale price for houses is down month over month but up 9.8% year-over-year.
  • The median sale price is down monthly and annually
  • Days on market shrunk from 25 to just 9, making it a “VERY hot market”
  • The sales to list price ratio slipped a little but is still quite high at 111.3%
  • The condo market is also fairly strong, though the prices have softened a little

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.

 

Trends At a GlanceMar 2024Previous MonthYear-over-Year
Median Price$2,521,000 (-1.5%)$2,560,000$2,595,000 (-2.9%)
Average Price$2,691,250 (-5.0%)$2,831,430$2,451,000 (+9.8%)
No. of Sales12 (+71.4%)7(+100.0%)
Pending27 (+170.0%)10(+200.0%)
Active20 (+11.1%)1812 (+66.7%)
Sale vs. List Price111.3% (-1.1%)112.6%109.9% (+1.3%)
Days on Market(-65.4%)2516 (-45.9%)
Days of Inventory50 (-30.6%)7260 (-16.7%)

 

 

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

Click here for neighborhood stats within the Mountain View CA real estate marketThe 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:

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

 

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:

 

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 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 a strong seller’s market, with prices up monthly and annually, days on market shrinking, and days of inventory shrinking.

Trends At a GlanceMar 2024Previous MonthYear-over-Year
Median Price$1,325,000 (+1.0%)$1,312,500$1,300,800 (+1.9%)
Average Price$1,374,100 (+3.6%)$1,326,070$1,267,140 (+8.4%)
No. of Sales19 (+5.6%)1819 (0.0%)
Pending26 (+18.2%)2212 (+116.7%)
Active22 (-8.3%)2428 (-21.4%)
Sale vs. List Price105.5% (+1.7%)103.8%100.4% (+5.1%)
Days on Market13 (-33.0%)1930 (-56.4%)
Days of Inventory35 (-7.0%)3744 (-21.4%)

 

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 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.

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

Inventory:

With inventory rising, we might expect prices to come down, but that’s not what is happening.

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.)

 

 

Mountain View, CA homes for sale:

Check out the single family homes for sale in Mountain View, CA

  • List View
  • Map View
  • Grid View

See all Mountain View, California Real Estate.
(all data current as of 4/15/2024)

Listing information deemed reliable but not guaranteed. Read full disclaimer.