Summer is in full swing the real estate market in the city of Santa Clara, a very popular community which, like the rest of Silicon Valley, continues to be impacted by prolonged low inventory and extremely high demand. While it remains red hot in Santa Clara’s housing market, summer is typically a slower season for realty, and while there’s been some up and down it’s clearly cooler than it was earlier this year.

• Available inventory rose to 44 active listings by the end of the month, falling short of the month before, but up significantly (quadruple!) from this time last year. Condos and townhomes, on the other hand, saw inventory decline to 39 active listings, a tad above the year before.
• Pending and closed sales declined month-over-month, and both were down year-over-year for single family homes. Condos and townhomes, however, saw an increase in both closed and pending sales both month-over-month and year-over-year.
• In the single family market, the sale to list price ratio slipped a point from the month before, but were up from this time last year. It remains solidly in the seller’s favor averaging 103.7% of list. Condos have been cooler, however month-over-month they heald steady at 102.9% of asking, and up from last year by +0.5%.
• Time to sell sped up, averaging 24 days on market, while the average days of inventory (or market absorption) slowed to 40 days for the single family market. Condos and townhomes average sales slowed to an average of 47 days on market, however days of inventory sped up to 56 days.

Prices in Santa Clara have soared in recent years, and despite the ups and downs, since sometime in 2024 a $2 million average has become the new normal for Santa Clara’s single family housing market.

The Real Estate Market for the City of Santa Clara

Below there are market activity charts displaying the last few months for single family homes in Santa Clara. Market activity has been high for years, and despite some ups and downs over the last year or so, it remains high today. Low inventory across the valley means there is still a greater demand to fill than properties available. Further down in the article, we’ll check in on the condo market, too.

First, a market profile, automatically updated weekly, for the city of Santa Clara (these reports are available by zip code, too, and for condos/townhomes as well as single family dwellings). Check out the weekly Altos report HERE and click on subscribe to get weekly updates on all of Santa Clara or any particular zip code. (Scroll to the bottom and check out the profile of houses across 4 pricing quartiles – super interesting.)

 

 

Data from my Real Estate Report

Next, stats at a glance for the Santa Clara real estate market for single family homes.

Despite notable cooling across 2025 this sought-after market remained hot through winter and into the new year with an early spring peak in February. It’s been slowly declining, for the most part, since March, but continued to remain in a strong seller’s market throughtout.

The market for single family homes in the city of Santa Clara is firmly in the seller’s favor, though there has been cooling over the last few months. Homes on average are selling well above asking in under a month. Average and median sales prices have cooled some, and the number of closed and pending sales are shrinking while available inventory is on the rise. The market remains hot with plenty of demand for Santa Clara homes, but it’s gotten a little easier for wary buyers to get their foot in the door.

Have a look at the market by the numbers below, or visit my RE Report page for Santa Clara stats here.

Trends at a Glance

Trends At a Glance	Aug 2026	Previous Month	Year-over-Year
Median Price	$1,900,000 (-4.5%)	$1,990,000	$1,975,500 (-3.8%)
Average Price	$1,979,140 (-1.3%)	$2,004,680	$2,122,880 (-6.8%)
No. of Sales	33 (-8.3%)	36	36 (-8.3%)
Pending	22 (-18.5%)	27	23 (-4.3%)
Active	44 (+15.8%)	38	11 (+300.0%)
Sale vs. List Price	103.7% (-1.0%)	104.7%	103.0% (+0.6%)
Days on Market	24 (-5.7%)	26	18 (+36.4%)
Days of Inventory	40 (+26.3%)	32	9 (+336.4%)

 

Santa Clara list prices of houses for sale by zip codes (95050, 95051, 95054)

In addition to the RE Report, I also have a subscription to Altos Research, which uses list prices (not sales data) for tracking the pulse of the market.

Here see list prices by zip code – note how different they are! If we teased it out even more, by price point, school district or exact location, we would see a myriad of “micro markets.”

 

In the charts above, it’s clear that the real estate trends often vary from one Santa Clara zip code to the next. If we pulled it apart further and checked each zip code by price quartile, there’d be differences there also, as the low end and high end segments are often very, very different from each other.

Santa Clara condominium and townhouse real estate market

First, another city-wide profile for the condominiums and townhouses in Santa Clara, CA.

 

 

Condo Market Trends at a Glance from the RE Report