The Sunnyvale real estate market, like the rest of Santa Clara County, has been heating up. Some of this is seasonally typical.
Sunnyvale real estate market trends and stats at a glance
Here is a quick data table with the trends at a glance for the Sunnyvale real estate market:
- The average sale price of Sunnyvale homes was up a hair in February as compared to January, but down 18.4% from a year ago.
- The number of homes sold rose to 19 from 15 in January. In Feb 2022 it was 30 sold homes.
- Pending sales rose dramatically to 85 in Feb from 65 in January and is even higher than in Feb 2022.
- The sale to list price ratio rose to 103.1% in February from 98.7% in January – of course this is far below a year ago.
PLEASE visit our ReReport page for data here, throughout Santa Clara County, and also for San Mateo and Santa Cruz Counties.
(If you’re viewing this on a mobile phone, swipe horizontally to see the full chart if it goes off the screen.)
| Trends At a Glance | Feb 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $2,050,000 (-2.4%) | $2,100,000 | $2,507,940 (-18.3%) |
| Average Price | $1,960,840 (+0.1%) | $1,958,130 | $2,403,200 (-18.4%) |
| No. of Sales | 19 (+26.7%) | 15 | 30 (-36.7%) |
| Pending | 85 (+30.8%) | 65 | 84 (+1.2%) |
| Active | 29 (-9.4%) | 32 | 27 (+7.4%) |
| Sale vs. List Price | 103.1% (+4.4%) | 98.7% | 125.4% (-17.8%) |
| Days on Market | 22 (-41.4%) | 37 | 7 (+192.2%) |
| Days of Inventory | 41 (-35.6%) | 64 | 24 (+69.6%) |
You may also want to see how Sunnyvale stacks up to other communities in Santa Clara County. If so, click to see the PDF Real Estate Report for Santa Clara County, updated monthly.
Altos Research Data
Next up, the live data from Altos Research, updated weekly (uses LIST prices, not sale prices FYI)
Want more info on the weekly trends and stats? You can view Altos data and analysis on Sunnyvale as a whole OR by zip code.
The Sunnyvale real estate market for condos and townhomes
The Sunnyvale real estate market for the condominiums and townhouses in Sunnyvale has heated up, too.
The closed sales (as seen on the Sunnyvale RE Report for condos and townhomes) show that properties are often selling well over list price ion average. The Sunnyvale house price trend is moving up again, though it is still behind last year. There are still more pending sales than active listings. The days on market are a very quick 18. These are all hallmarks of a strong seller’s market.
Sunnyvale Condo & Townhouse Housing Market Trends at a Glance
| Trends At a Glance | Feb 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,135,000 (-1.7%) | $1,155,000 | $1,420,000 (-20.1%) |
| Average Price | $1,179,890 (+3.1%) | $1,143,920 | $1,348,430 (-12.5%) |
| No. of Sales | 9 (-25.0%) | 12 | 21 (-57.1%) |
| Pending | 30 (+36.4%) | 22 | 52 (-42.3%) |
| Active | 14 (-12.5%) | 16 | 30 (-53.3%) |
| Sale vs. List Price | 104.1% (+4.2%) | 100.0% | 111.9% (-7.0%) |
| Days on Market | 18 (-45.7%) | 33 | 8 (+123.7%) |
| Days of Inventory | 42 (+5.0%) | 40 | 39 (+8.9%) |
Altos data for condos and townhomes
And finally, the live Altos Research info (updated automatically each week – using list prices, not sold prices)
In the most recent update, condos are in a strong sellers market with declining market action starting to back down a hair and continually shrinking inventory.
Use this link to see the Altos weekly report for condos and townhomes in the City of Sunnyvale, or navigate to your preferred zip code there or anywhere in the region. Like the info? Sign up to get it in your email box each week.
Sunnyvale, like the rest of Santa Clara County, has its own micro markets. The areas by 237 and 101 will be a different home selling or buying experience than those west of El Camino Real or along the Los Altos border. Want to buy or sell in Sunnyvale? Please call or email me to set up a time to meet or talk by phone (no obligation, no pressure – I dislike pushy people as much as you do).
Do you find this kind of info useful? If so, I’d love to hear from you – my email address is mary@popehandy.com. Please tell your friends, especially if they are interested in buying or selling residential property here!
Related Reading:
City of Santa Clara real estate market – learn about the Santa Clara housing market
Cupertino Real Estate Market Trends and Statistics
The Evergreen area of San Jose
Did you overpay for your house?
