The Saratoga CA real estate market is a strengthening sellers’ market for single family homes :

  • the average sale price is up annually and monthly by well more than double digits
  • inventory of Saratoga houses for sale is way down compared to a more normal December (see inventory table below)
  • the sale to list price ratio moved down to just 100% in January. December and January are usually the softest months of the year, so this is not surprising.

 

How’s the Saratoga CA real estate market?

Saratoga has a diverse real estate market due to a wide range of home prices, square footage, lot sizes, school districts, and more. The luxury tier, generally $4 million and up (but in Saratoga, that’s really still just a house in an expensive part of town) normally moves slower than other price points. Saratoga’s entry level housing is usually the strongest. If the numbers swing wildly at any given month, it could be that more or fewer homes in a particular school district and pricing tier.

To really understand the Saratoga CA real estate market, you’ll need to get hyper local data for that home’s pricing tier, school district, and any other impactful data points.

Saratoga inventory of homes for sale

With 25 years worth of data to display, I thought the format below would make the most sense. It’s too wide to have all years side by side. We know that inventory is low everywhere. As a benchmark, I checked inventory from 2013 (when the market was truly recovered from the Great Recession) to 2023 and also from 2000 – 2024 (January).

 

Saratoga CA inventory of single family homes for sale 2000-2024 January

 

Trends at a Glance for the Saratoga CA Real Estate Market

Here’s a quick overview from the RE Report details below or please view the full data here.

Trends At a GlanceJan 2024Previous MonthYear-over-Year
Median Price$4,140,000 (+29.7%)$3,192,000$3,500,000 (+18.3%)
Average Price$4,280,580 (+24.9%)$3,427,130$3,640,000 (+17.6%)
No. of Sales14 (-6.7%)15(+100.0%)
Pending(-54.5%)11(-16.7%)
Active12 (-20.0%)1517 (-29.4%)
Sale vs. List Price100.0% (-8.5%)109.3%101.2% (-1.2%)
Days on Market21 (+17.1%)1834 (-38.0%)
Days of Inventory26 (-14.3%)3073 (-64.7%)

 

 

Altos Research real estate market data for Saratoga, CA single family homes

Next, a quick glance at the Altos Research market profile for a quick summary of the Saratoga CA real estate market conditions. Altos uses LIST prices, not sold prices, for this chart and the others, below.

Market profile for Saratoga CA 95070

 

Real-Time Market Profile Saratoga, CA 95070

 

It’s costing around $3.5 – $4 million for a “typical” Saratoga house – whatever that might look like!

Median List Prices of Saratoga Houses for Sale by price point

The Saratoga CA real estate market from the Altos Research set of tools.

We’ll start with the median list prices for single family homes with a breakdown by price quartile. (Please note that the info would be even more precise if broken down by school district, but this particular program doesn’t yet filter by schools.)

 

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

 

Saratoga, CA condos and townhomes housing market data

Next, please find the basic statistics for closed sales last month among townhouses & condominiums in the 95070 zip code (the Saratoga Real Estate Report for condos & townhomes).

Altos Research real estate market data for townhouses and condominiums in 95070

The numbers of sales for this segment of the realty market are always small, so it can appear more volatile than is actually the case. This small inventory means data can quickly swing, so don’t trust the percentages in this chart too much.

 

Saratoga, CA Condo Real-Time Market Profile

 

Saratoga CA RE Report real estate market stats for townhouses and condominiums:

Saratoga’s condo market looks awfully wonky because there are so few sales: only 1 sale in January, 1 in December, 2 sales in November, 3 sales in October, 2 sales in September, 2 in August, 4 in July, 5 in June, 2 in May, and 3 in April.  Please take it with a big grain of salt. Why are the sales so small in number? Note how low the condo inventory is.

Please see all of the details HERE.

Trends at a Glance

Trends At a GlanceJan 2024Previous MonthYear-over-Year
Median Price$960,000 (-19.3%)$1,190,000$1,950,000 (-50.8%)
Average Price$960,000 (-19.3%)$1,190,000$1,950,000 (-50.8%)
No. of Sales(0.0%)1(0.0%)
Pending(0.0%)1(-50.0%)
Active(N/A)0(-75.0%)
Sale vs. List Price96.0% (-5.8%)101.9%88.6% (+8.3%)
Days on Market29 (+262.5%)810 (+190.0%)
Days of Inventory30 (N/A)0120 (-75.0%)

 

Additional trend charts for both single family homes and townhouses & condominiums

Altos Charts: Median List Prices of Saratoga Condos for Sale

And now, list price of condos by price quartiles.

 

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

 

Inventory of both houses & condos in Saratoga

 

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

The Saratoga CA real estate market typically does have lower inventory challenges lately.

 

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

Average Days on Market for Saratoga Homes for Sale

 

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

Days on Market for Houses by quartile:

 

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

 

 

Saratoga real estate for sale – please browse the listings below!

Saratoga CA condominiums and townhomes for sale

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Saratoga CA houses for sale listed up to $3,500,000

  • List View
  • Map View
  • Grid View

See all Saratoga, California Real Estate up to $3.5 Mil.
(all data current as of 3/1/2024)

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

 
 

Saratoga CA houses for sale listed at over $3,500,000

Many of these will be in the very best neighborhoods in Saratoga, ca

  • List View
  • Map View
  • Grid View

See all Saratoga over $3.5 mil.
(all data current as of 3/1/2024)

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

 
 

View Saratoga CA homes for sale HERE.

 

 

Mary Pope-Handy and Clair Handy, Realtors selling homes in The Valley of Heart's Dellight
Looking to sell or buy a home? Mary Pope-Handy and Clair Handy sell throughout Santa Clara County,  including Saratoga (Mary is a Saratoga High graduate from long ago), and sometimes into nearby counties also. Please reach out to us by email if you’d like to set up a time to talk by phone for an initial appointment. The best email to use is mary@popehandy.com – thank you!