The Sunnyvale real estate market, like the rest of Santa Clara County, has remained hot with a couple of cooling data points, some of which is seasonally typical.
Sunnyvale real estate market trends and stats at a glance
Here is a quick rundown of the trends at a glance for the Sunnyvale real estate market, with more in the charts below:
- The average sale price of Sunnyvale homes slipped a little (as they did the month before)
- Average prices are now up year over year by .4%. The median is up 3.6%
- Inventory rose as compared to September, but is less than normal.
- Pending sales are down slightly, monthly and annually, but the culprit is lack of inventory, not lack of buyer interest.
- The sale to list price ratio rose wildly to 113.2% in October, compared to 106.5% in September,107.0% in August and, 108.1% in July. This is far above October 2022.
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 | Oct 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $2,500,000 (+0.1%) | $2,497,000 | $2,412,000 (+3.6%) |
| Average Price | $2,345,930 (-2.2%) | $2,398,600 | $2,337,420 (+0.4%) |
| No. of Sales | 38 (+52.0%) | 25 | 33 (+15.2%) |
| Pending | 25 (-3.8%) | 26 | 27 (-7.4%) |
| Active | 21 (-27.6%) | 29 | 44 (-52.3%) |
| Sale vs. List Price | 113.2% (+6.3%) | 106.5% | 102.0% (+10.9%) |
| Days on Market | 11 (-26.4%) | 14 | 19 (-44.7%) |
| Days of Inventory | 17 (-50.7%) | 34 | 40 (-58.6%) |
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 condominiums and townhouses is showing plenty of up and down, but several indicators are hotter than the month before, such as the sale to list price ratio, days on the market, and days of inventory. Home prices slipped a little, but this may not be values going down so much as less expensive condos selling rather than more costly townhomes.
The closed sales (as seen on the Sunnyvale RE Report for condos and townhomes) show that properties are often selling well over list price on average, and a hair more than the month before (which may be seasonally normal). Homes are selling quickly – in just 13 days. Inventory ticked up, but not too much.
Sunnyvale Condo & Townhouse Housing Market Trends at a Glance
| Trends At a Glance | Oct 2023 | Previous Month | Year-over-Year |
|---|---|---|---|
| Median Price | $1,360,000 (-1.4%) | $1,380,000 | $1,288,000 (+5.6%) |
| Average Price | $1,263,110 (-1.8%) | $1,286,310 | $1,241,690 (+1.7%) |
| No. of Sales | 19 (+26.7%) | 15 | 13 (+46.2%) |
| Pending | 15 (-21.1%) | 19 | 25 (-40.0%) |
| Active | 26 (+18.2%) | 22 | 34 (-23.5%) |
| Sale vs. List Price | 102.9% (+0.4%) | 102.5% | 97.0% (+6.1%) |
| Days on Market | 13 (-37.6%) | 21 | 37 (-65.1%) |
| Days of Inventory | 41 (-3.5%) | 43 | 78 (-47.7%) |
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 clear declines in market action and a slight increase in active 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?
