Cupertino Real Estate Market Trends and Statistics

Cupertino real estate market will be more expensive for view homes in nearly all cases -image taken from Ridge VineyardsHow’s the Cupertino real estate market? The Spring market is underway and the market is hot. The best homes are getting multiple offers and high overbids. Prices are up both monthly and yearly.

Our inventory has been extremely constricted, so it looks like these market conditions will persist for the near future, at the very least.

Cupertino Real Estate market – Closed Sales and Trends at a Glance

Here are the most recent real estate statistics, via our Cupertino Real Estate Report. The market is HOT!

(If you’re viewing the chart below on a mobile device, please swipe horizontally to see all columns.)

 

Trends At a GlanceApr 2024Previous MonthYear-over-Year
Median Price$3,450,000 (-3.8%)$3,588,000$2,800,000 (+23.2%)
Average Price$3,529,810 (-0.7%)$3,553,500$3,113,500 (+13.4%)
No. of Sales33 (+57.1%)2111 (+200.0%)
Pending15 (-48.3%)2917 (-11.8%)
Active17 (+112.5%)814 (+21.4%)
Sale vs. List Price110.8% (+1.2%)109.4%107.7% (+2.9%)
Days on Market10 (+21.5%)812 (-17.8%)
Days of Inventory15 (+30.7%)1137 (-59.5%)

 

Cupertino real estate market via the Altos Research weekly charts (they use LIST prices, not sale prices):

 

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