Mountain View CA real estate market trends and statistics

Mountain View real estate market trends - by Mary Pope-Handy and Clair Handy - blue house with wordsThe Mountain View CA real estate market was a strong market and continued heating up, even breaking some recent records!

Quick summary on the realty market in Mountain View, CA

  • The average sale price for houses rose annually but down 1/10 of a percent monthly (to me, “flat” pricing)
  • The median sale price is also up annually and flat month over month
  • Days on market rose a tad from 11 in April to 16 in May
  • The sales to list price ratio cooled from 113.6% in April to 108.3% – not a lot of relief for home buyers
  • The condo market is appreciating even more steeply (see data closer to the bottom of this page)

Mountain View CA real estate market trends at a glance

First let’s have a look at the Real Estate Report for residential sales data. Happily, inventory rose and so did the number of sales (pending sales were flat).

Trends At a GlanceMay 2024Previous MonthYear-over-Year
Median Price$2,750,000 (0.0%)$2,750,000$2,500,000 (+10.0%)
Average Price$2,834,310 (-0.1%)$2,838,300$2,717,800 (+4.3%)
No. of Sales34 (+25.9%)2725 (+36.0%)
Pending21 (-22.2%)2723 (-8.7%)
Active14 (-44.0%)2514 (0.0%)
Sale vs. List Price108.3% (-4.7%)113.6%107.7% (+0.5%)
Days on Market16 (+52.7%)1111 (+46.5%)
Days of Inventory12 (-54.0%)2717 (-26.5%)

 

Throughout much of the valley, we are finding that some homes sell very quickly and with strong overbids, and others languish on the market (most often that happens if they are overpriced, but it could be other issues, too).

Mountain View CA real estate market trends and data by neighborhood or district

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