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The Sunnyvale real estate market has heated up in the last 2-3 months. Are people returning to work in the office, or are they anticipating that they will need to do so soon? Even a hybrid work schedule is made easier by a shorter commute.

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:

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 2022 Previous Month Year-over-Year
Median Price $2,412,000 (+17.4%) $2,055,000 $2,215,000 (+8.9%)
Average Price $2,337,420 (+6.5%) $2,194,890 $2,253,280 (+3.7%)
No. of Sales 33 (-5.7%) 35 52 (-36.5%)
Pending 79 (+1.3%) 78 92 (-14.1%)
Active 38 (-5.0%) 40 22 (+72.7%)
Sale vs. List Price 102.0% (-1.5%) 103.6% 115.2% (-11.4%)
Days on Market 19 (+12.4%) 17 10 (+100.9%)
Days of Inventory 35 (+4.2%) 33 13 (+172.2%)

 

The Sunnyvale average house price is rising and is up both month over month and year over year. That’s also the case with the median sale price.

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)

 

Sunnyvale SFH Real-Time Market Profile

 

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 softened quite a bit in recent months.

The closed sales (as seen on the Sunnyvale RE Report for condos and townhomes) show that properties are often selling below list price in this segment of the market and the Sunnyvale house price trend is moving downward, but there are still more pending sales than active listings. This is not a buyer’s market.

Sunnyvale Condo & Townhouse Housing Market Trends at a Glance

The condo market continues to calm down, too, but still a seller’s market and prices are up quite a lot from a year ago.

Trends At a Glance Oct 2022 Previous Month Year-over-Year
Median Price $1,288,000 (-9.8%) $1,428,000 $1,353,000 (-4.8%)
Average Price $1,241,690 (-10.2%) $1,383,250 $1,270,690 (-2.3%)
No. of Sales 13 (-58.1%) 31 46 (-71.7%)
Pending 40 (+53.8%) 26 67 (-40.3%)
Active 30 (-25.0%) 40 37 (-18.9%)
Sale vs. List Price 97.0% (-3.2%) 100.2% 105.1% (-7.7%)
Days on Market 37 (+56.6%) 24 19 (+94.5%)
Days of Inventory 69 (+85.0%) 37 24 (+186.9%)

Altos data for condos and townhomes

And finally, the live Altos Research info (updated automatically each week – using list prices, not sold prices)

 

Sunnyvale Condo and Townhouse Real-Time Market Profile

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?

Authors

  • Mary Pope-Handy

    Silicon Valley Realtor, selling homes in Los Gatos, Saratoga, San Jose, Silicon Valley, and nearby since 1993. Prolific blogger with a network of sites.

  • Clair Handy

    Realtor, GREEN | DRE 02153633 | Christie's International Real Estate - Sereno