The Monte Sereno Real Estate Market

The Monte Sereno real estate market is similar to Los Gatos, but distinct - Monte Sereno shares many features with Los Gatos but is a distinct cityHow is the Monte Sereno real estate market? Because the city is small, with just about 3,500 residents, there are usually few homes listed for sale or selling, and with small numbers we can get seemingly volatile statistics. This article is updated monthly with new data and analysis, so scroll down to read the latest and check back regularly. Here are a few details from the latest market update:

  • With so few sales and listings, Monte Sereno real estate data can appear to swing quite wildly, so take it with a grain of salt.
  • This city appears to be in a seller’s market with severely low inventory – just 5 available homes at the end of September. Slim pickings, but equal to this time last year, and up a hair from the last month!
  • Closed sales have held stable with last month, and are up a hair from this time last year. With just 3 closed sales it’s still a tiny pool for data analysis. Pending sales grew to 2 by the end of the month, a hair short of this time last year.
  • Because there have been so few recent sales, buyers and sellers may need to also look to the nearby Los Gatos market to get an idea about market trends.

There are ALMOST no condominiums or townhomes in Monte Sereno. As of August 2026, the MLS showed just 6 sales in these two categories in total – and that’s going back to 1998! And one of those, at least, may actually be in Los Gatos. One of the major challenges for this city is to ensure that at least some housing units are deemed “affordable.” You can find the city’s housing plan here (an online pdf):  http://www.montesereno.org/DocumentCenter/Home/View/674

Because this is such a small city and there’s a tiny pool of data, please also have a look at the Los Gatos real estate market post on this site. Monte Sereno generally follows Los Gatos trends, so this neighbor city can give you an idea of the bigger picture.

Below is a quick market profile for the Monte Sereno real estate market. This is updated automatically weekly, so please check back often.

 

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City of Santa Clara real estate market

Santa Clara real estate market - The Santa Clara Women's Club http://www.santaclarawomansclub.org/

The Santa Clara Women’s Club (old adobe house)
http://www.santaclarawomansclub.org/

It’s autumn time in the real estate market for the city of Santa Clara, a very popular community which, like the rest of Silicon Valley, continues to be impacted by prolonged low inventory and extremely high demand. While it remains red hot in Santa Clara’s housing market, summer is typically a slower season for realty, and while there’s been some up and down it’s clearly cooler than it was earlier this year.

  • Available inventory continued to inch up to 46 active listings by the end of the month, and up significantly from this time last year. Condos and townhomes,  also saw inventory rise to 42 active listings, up from the month before, but equal to this time last year.
  • Pending and closed sales also rose month-over-month, and compared to this time last year closed sales were high and pending sales fell short for single family homes. Condos and townhomes saw an increase in closed sales and a drop in pending sales both month-over-month and year-over-year.
  • In the single family market, the sale to list price ratio grew from the month before, but was well below this time last year. It remains solidly in the seller’s favor averaging 105.0% of list. Condos have been cooler, however, and slipped month-over-month to an average of 100.9% of asking, though it remains up from last year by +1.2%.
  • Time to sell sped up, averaging 20 days on market, and the average days of inventory (or market absorption) sped to 36 days for the single family market. Condos and townhomes average sales also picked up the pace, but overall continued to take a little longer to sell with an average of 33 days on market and 47 days of inventory.

Prices in Santa Clara have soared in recent years, and despite the ups and downs, since sometime in 2024 a $2 million average has become the new normal for Santa Clara’s single family housing market.

The Real Estate Market for the City of Santa Clara

Below there are market activity charts displaying the last few months for single family homes in Santa Clara. Market activity has been high for years, and despite some ups and downs over the last year or so, it remains high today. Low inventory across the valley means there is still a greater demand to fill than properties available. Further down in the article, we’ll check in on the condo market, too.

First, a market profile, automatically updated weekly, for the city of Santa Clara (these reports are available by zip code, too, and for condos/townhomes as well as single family dwellings). Check out the weekly Altos report HERE and click on subscribe to get weekly updates on all of Santa Clara or any particular zip code. (Scroll to the bottom and check out the profile of houses across 4 pricing quartiles – super interesting.)

 

 

Data from my Real Estate Report

Next, stats at a glance for the Santa Clara real estate market for single family homes.

Despite notable cooling across 2025 this sought-after market remained hot through last winter and into the new year with an early spring peak in February. It’s been slowly declining, for the most part, since March, but continued to remain in a strong seller’s market throughtout. There was clear cooling through summer, but as of September we are seeing an uptick in the market with some late summer / early autumn warming.

The market for single family homes in the city of Santa Clara is holding firmly in the seller’s favor, though nowhere near as strong as this time last year. Homes on average are selling well above asking in under a month. Average and median sales prices have cooled some, and available inventory is on the rise. The market remains hot with plenty of demand for Santa Clara homes, but it’s gotten a little easier for wary buyers to get their foot in the door compared to a year ago. Still, this early autumn heating means it’s still a good time for sellers to list before the holiday season.

Have a look at the market by the numbers below, or visit my RE Report page for Santa Clara stats here.

Trends at a Glance

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$1,830,000 (-3.7%)$1,900,000$2,178,000 (-16.0%)
Average Price$1,885,470 (-4.7%)$1,979,140$2,172,820 (-13.2%)
No. of Sales37 (+12.1%)3328 (+32.1%)
Pending23 (+4.5%)2225 (-8.0%)
Active46 (+4.5%)4429 (+58.6%)
Sale vs. List Price105.0% (+1.3%)103.7%108.5% (-3.3%)
Days on Market20 (-17.9%)2424 (-16.2%)
Days of Inventory36 (-9.9%)4030 (+20.0%)

 

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Los Gatos Real Estate Market Trends

Los Gatos real estate market graphic with home near downtown - photo by Mary Pope-HandyThe Los Gatos real estate market in September was strong for single family homes, cool for condos and townhouses, and a cold market in the mountains. This is a repeat from July and August, more or less.

Per Altos Research (see below), the hottest segment of the market in Los Gatos is the 95032 area.

 

 1 – Los Gatos real estate market statistics for the “in town” areas: multi year data

Here is some Los Gatos real estate market data that I pulled directly from the MLS. This is for the in town areas of 95032 and 95030.

Inventory of available homes for sale in Los Gatos 95030 and Los Gatos 95032

Click on any of the images below and a larger version will pop up in a new tab and be easier to read.

Inventory in September rose substantially but didn’t break any records.

 

Los Gatos real estate market data - active listings by month

 

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Sunnyvale real estate market trends & statistics

The Sunnyvale real estate market for single family homes heated up in September! It was a crazy strong seller’s market!

For townhouses and condominiums, it was also a strong market, but not to the same level. And prices were lower.

Sunnyvale real estate market trends and stats at a glance

PLEASE visit our ReReport page for data here, throughout Santa Clara County, and also for San Mateo and Santa Cruz Counties. The RE Report gets the data on listings which originate with MLS Listings. When agents enter listings from other MLS organizations, such as Bay East or CRMLS, it will show in the MLS but not syndicate to a feed (such as the one used by the RE Report or by us on our websites).   We do have a few listings each moth which come from Bay East and others. That data is not included in the info below due to MLS data sharing rules.

(If you’re viewing this on a mobile phone, swipe horizontally to see the full chart if it goes off the screen.)

Home prices rose monthly and annually and the number of closed sales was HIGHER than the number of active listings. We don’t often see that! The number of closed and pending sales both rose strongly. Days on market were a super fast 11. This is a great market for sellers and a tough one for buyers.

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$2,835,000 (+11.0%)$2,555,000$2,760,000 (+2.7%)
Average Price$2,784,540 (+9.9%)$2,533,790$2,642,810 (+5.4%)
No. of Sales46 (+17.9%)3938 (+21.1%)
Pending38 (+11.8%)3429 (+31.0%)
Active33 (-10.8%)3733 (0.0%)
Sale vs. List Price106.8% (0.0%)106.9%106.6% (+0.2%)
Days on Market11 (-16.2%)1316 (-31.7%)
Days of Inventory21 (-26.9%)2825 (-17.4%)

 

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.

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Almaden Valley Real Estate Market Conditions

Almaden Valley Real Estate Market Conditions San Jose 95120 - photo with Mt Umunhum in backgroundThe Almaden Valley real estate market for single family homes in September cooled noticeably from September 2025 with lower prices, fewer sales, and a lower sale to list price ratio.

Almaden Valley Real Estate Market Conditions: Trends at a Glance

We’ll start with the residential real estate market statistics for Almaden, or San Jose 95120 from the Real Estate Report (a subscription that uses closed / sold data). The RE Report uses listings entered into MLS Listings directly, but excludes any properties listed via a shared data feed from Bay East, Metrolist, or other MLSs. It may be missing about  15 -20% of all sales for that reason, but the trends are the same or very similar.

The median sale and active sale prices fell annually and monthly. Most of the data points show cooling, but the days on market was faster.  (It’s almost always a little mixed.)

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$2,034,250 (-3.4%)$2,105,000$2,232,500 (-8.9%)
Average Price$2,151,860 (-1.3%)$2,179,180$2,237,620 (-3.8%)
No. of Sales21 (0.0%)2124 (-12.5%)
Pending21 (+16.7%)1822 (-4.5%)
Active29 (-3.3%)3014 (+107.1%)
Sale vs. List Price99.2% (-1.9%)101.1%101.5% (-2.2%)
Days on Market17 (-29.8%)2524 (-27.7%)
Days of Inventory40 (-6.6%)4317 (+136.7%)

 

 

When I’ve pulled the stats myself, it appears that the higher priced homes in 95120 are not selling as well as homes in more affordable price points. We don’t know if it’s due to tech layoffs, the price of gas, or something else. But for home buyers in the upper price points, it’s an opportunity.

 

Altos Research charts for Almaden Valley real estate market, single family homes segment (more…)

Morgan Hill real estate market

Morgan Hill land along the Uvas RiverHow is the Morgan Hill real estate market? Signals indicate it is a seller’s market, though it’s notably milder than other parts of the county. Below are some quick points from our RE Report (link below).

  • Available inventory grew from the month before, rising well above this time last year for single family homes (SFH). In the condo and townhome market, however, it shrank month-to-month and year-over-year.
  • Closed and pending sales fell sharply month-over-month and year-over-year for SFH. For condos and townhomes, pending sales slipped and closed sales grew from the month before, but both are up from last year.
  • The average sale to list price ratio slipped in SFH but rose in the condo market from the month before, however both markets were up from this time last year, and both are hovering a hair below asking.
  • Days on market slowed across both markets. While single family homes took 39 day on average to sell, condos and townhomes took 54 days to sell on average. Those numbers have gotten closer in recent months, but they remain a clear indicator of the difference in activity between the two markets.

It’s a mild seller’s market that is cooling off again after a little mid-summer heating. There’s competition for the best homes in Morgan Hill, but possibly a buyer’s market in other sectors. As always, it’s important to analyze homes on a case by case basis.

See the Santa Clara County real estate market report (for comparison) here.

The Morgan Hill Real Estate Market

The cities of Morgan Hill and Gilroy usually experience a lower demand than other parts of Santa Clara County which are either tech magnets, closer to big businesses, or a quicker commute around the Bay Area. So if most of the Silicon Valley has a sale price to list price ratio of anywhere from 105% to 110%, you might see closer to 97% to 103% here. Not exact numbers, just to say it’s generally lower here making the home buying conditions calmer for weary buyers, even if it is still a sellers market.

Now let’s get into the data.

First up, the market profile from Altos Research – this is updated weekly, so check back often! You can also view the weekly newsletter through the link below, where you can also subscribe to receive this update every week in your inbox. Prefer a particular zip code instead? You can type in your desired zip in the “Search Anywhere” line and then request that particular weekly update by email.

Altos Research weekly report for all of Morgan Hill

Altos weekly report for 95037 only

Altos weekly report for 95038 only

Please note that Altos uses information on actively listed homes for sale, not closed sale data. If you compare the days on market of the active listings with the days on market of the sold properties, they will be different.

Trends at a Glance for Single Family Homes in Morgan Hill

Below is a chart with basic info from the RE Report, which we carry subscription to use. To see more click on this link to see the Real Estate Report for Morgan Hill.

Month-over-month, the September market shows signs of cooling – with more homes available, buyer competition has eased up a bit. There may be more or less competition in certain segments of the market, but overall it’s a mild seller’s market with more opportunity for the weary homebuyer to get their foot in the door.

Trends at a Glance

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$1,560,000 (+2.0%)$1,530,000$1,453,750 (+7.3%)
Average Price$1,623,540 (-4.8%)$1,705,120$1,598,210 (+1.6%)
No. of Sales17 (-29.2%)2432 (-46.9%)
Pending24 (-7.7%)2636 (-33.3%)
Active72 (+7.5%)6748 (+50.0%)
Sale vs. List Price99.8% (-1.2%)101.0%97.8% (+2.0%)
Days on Market39 (+67.9%)2335 (+11.4%)
Days of Inventory123 (+46.7%)8444 (+182.4%)

 

Single Family Home Live charts from Altos Research (more…)

Santa Teresa real estate market

Silver Leaf Park in the Santa Teresa area of San Jose - the proximity of parks will impact the Santa Teresa real estate market for that neighborhood

Silver Leaf Park in the Santa Teresa area of San Jose

How’s the Santa Teresa real estate market? The scenic Santa Teresa area of San Jose is popular as it’s a bit more affordable, offering lovely views of the hills and public schools that seem to be improving over time, making the area more desirable. These positives appear to be helping that district hold its value well. Here are a few details from the latest monthly market update for Santa Teresa single family homes (read the full analysis below):

  • Inventory rose a hair from the last month, but was below half of what it was this time last year for single family homes. In the condo and townhouse market, however, inventory has remained fairly consistent with slight growth month-to-month and year-over-year.
  • Closed sales grew and pending sales held stable month-to-month in the single family home market, and both have barely budged year-over-year. For condos and townhomes, closed sales held stable while pending sales shrank from the month before, both falling short of this time last year.
  • The sale to list price ratio skyrocketed, however that might in part be due to limited sales causing major swings (like the -5.4% drop we saw here last month) for market data. Both parts of the market are now averaging over list price, with single family home sales averaging 103.9% of asking. Both markets are also up year-over-year.
  • The average time on market sped up, now under a month for both sectors. t

To begin our analysis below, we have some live data feeds organized by zip code.

Santa Teresa (our MLS Area 2) includes a small bit of the 95123 zip code, which tends to be more expensive, but most of that zip code is Blossom Valley, so we will omit it. The 95138 zip code is about half Santa Teresa and half Evergreen (more expensive area), so take those numbers with a big grain of salt. I find the 95119 zip code to be most helpful, but even then, the school district is divided between Oak Grove and Morgan Hill. Take all of this data with a pound of salt, and remember that these micro markets can have a big impact!

Weekly update from Altos Research with a “market profile” of San Jose’s Santa Teresa area, zip code 95119 for single family homes / houses:

When there’s not enough data, the fields will be blank. Click any of these tables to go to the full report.

 

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The Cambrian Park Real Estate Market Update

Cambrian Park Real Estate Market graphicThe Cambrian Park real estate market for houses and duet homes (not a duplex) remains a warm to hot seller’s market, depending on the location, condition, etc. It peaked quite early in 2026, and we’ve been seeing fairly consistent month over month cooling ever since. The condo market

The condo market is softer than the single family home market, which is often the case.

Uncertainty with tech layoffs, visa challenges, inflation, the threat of even higher interest rates, and the war in Iran are all part of the reason for the cooling that we are seeing here and elsewhere.

For those new to the area, Cambrian is most of the 95124 zip code (south of Foxworthy) and most of 95118 (west of Almaden Expressway). It borders Los Gatos, Campbell, Willow Glen, and Blossom Valley. Part of  95124 has Union School District schools, part has Cambrian School District Schools with the Campbell Unified High School District   . Part of 95118 has Union schools (and CUHSD), but most is under San Jose Unified School District.

Currently, we have 2 fantastic Cambrian listings. Please scroll to the bottom of this article for the details and links to more info. 

Cambrian Park Real Estate Market Trends at a Glance

The chart below is from our subscription to the RE Report. For a couple years we’ve mentioned that the data from the RE Report was a little different than the data pulled directly from the MLS by us. The reason is that these numbers from the RE Report only reflect listings that were directly entered to MLS Listings, not those showing up as part of a data sharing program from Bay East or other MLS companies.

In the data below, you can see a slight softening in several of the data points with a falling sale to list price ratio and lower number of sales. Other points seem to be OK across Cambrian as a whole.

Please notice the difference beween the number of active listings and the number of sales.

  • In Sept 2025 there were  43 active and  39 sold homes. That’s close! It correlates with the high sale to list price ratio seen then, 106.6%.
  • In Aug 2026 it was 54 active and 47 closed sales. That wasn’t nearly as good as Sept 2025, but not terribly far apart, either.
  • In Sept 2026, however, we see a much more pronounced gap between these figures with 67 listings for sale and just 30 closed sales. With this situation, more homes are sitting on the market than selling. When the number of sales fall, we know that buyers are being pickier.

 

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$1,800,000 (+2.3%)$1,760,000$1,850,000 (-2.7%)
Average Price$1,897,890 (+0.9%)$1,880,610$1,892,830 (+0.3%)
No. of Sales30 (-36.2%)4739 (-23.1%)
Pending31 (+14.8%)2728 (+10.7%)
Active67 (+24.1%)5443 (+55.8%)
Sale vs. List Price100.7% (-2.0%)102.7%106.6% (-5.6%)
Days on Market25 (-8.9%)2822 (+15.5%)
Days of Inventory65 (+87.9%)3432 (+102.6%)

 

Cambrian Park Altos Research Charts – SFH Info

Next, a different kind of chart for the Cambrian Park real estate market courtesy of Altos Research (which uses LIST prices for its charts). The next few data sheets show the housing market trends, live and updated weekly.  This first item reflects the weekly Altos Research report right now for San Jose 95124 and will provide an approximation of how much home your money can buy in this district of San Jose.

A quick note: most of 95118 has San Jose Unified Schools, while most of 95124 has Cambrian and Union schools, which are normally preferred.  95118 is less expensive, though, and sometimes that is the most important factor.

The Cambrian Park Real Estate Market Update for San Jose 95124

These charts have great info, including the monthly average for Cambrian park homes for rent. Please note the number of homes with decreased prices (or price reductions). A normal or typical amount is 30%, but this is 46%, showing some cooling. Find the full report HERE.

Altos is calling this a strong seller’s market.  Homes are being listed for less (note the Median list price), so not every seller would agree that the market is super hot.  The percentage of homes with price reductions hs remained low, far less than the 30% which is the national average.

 

San Jose, CA 95124 Real-Time Market Profile by Altos

 

 

The Cambrian Park Real Estate Market Update for San Jose 95118

Next let’s look at the listing data from Altos Research for 95118, single family homes (east side of Cambrian Park).

Prices are more affordable in 95118, so it’s easier for home buyers to be able to get into a home. Check out the Median List Price and that it’s lower than 95124, but rising strongly.  (Perhaps counter balancing it, the Price per SF is dropping.)

And below, market data from Altos for this part of the district. See the full report here.  One of the things that I like to watch here is the percent of listings with prices decreased.  The national average is about 30%, so seeing it higher for 95118 indicates that the market is slowing and / or prices are slipping.

 

Cambrian 95118 Altos Real-Time Market

 

Inventory in 95118 is severely lacking, prices are up, and overall it is strong seller’s market.

Cambrian Condominium and Townhouse Real Estate Market

Please see the Condominium & Townhouse Real Estate Report for more data and analysis of this area and the rest of Santa Clara County!

The Cambrian condo and townhouse continues to cool with very few sales compared to the available inventory, a lower sale to list price ratio, and longer days of inventory.

Buyers – this is an opportunity! If the unit and HOA (and the HOA finances) all check out, this may be a great time to purchase a condo or townhouse in Cambrian.

 

Trends At a GlanceSep 2026Previous MonthYear-over-Year
Median Price$670,000 (+1.8%)$658,000$697,500 (-3.9%)
Average Price$696,250 (-13.7%)$806,472$777,167 (-10.4%)
No. of Sales4 (0.0%)46 (-33.3%)
Pending9 (+50.0%)62 (+350.0%)
Active23 (+27.8%)1819 (+21.1%)
Sale vs. List Price98.0% (-1.4%)99.4%99.8% (-1.8%)
Days on Market38 (+13.4%)3477 (-50.9%)
Days of Inventory167 (+23.5%)13592 (+81.6%)

 

Now let’s work with Altos Research’s graphs and get a feel for the realty market in “real time.” These use list prices, whereas our RE Report uses sold data.

Altos Research for the Condo and Townhome Market

Quick profile of 95124 and 95118 from Altos – this is dynamic and should update automatically each week.  It’s a slight seller’s market for both zip code areas per Altos, but the RE Report (which uses closed sales data) tells another story.

Please see the 95124 report on Altos HERE.

 

 

And here you can see 95118 and find the full report HERE

(Note the VERY HIGH percentage of price decreased – the national average is around 30%).

Check out our two great Cambrian listings! 

4996 Agape Ct., San Jose 95124    

3 bedrooms, 2.5 bathrooms, 1644 SF of living space, 2346 SF lot.
Younger home, built in 1996. Dual pane windows, high ceilings, drenched in natural liight!
The home includes, living, dining, family rooms plus eat in kitchen.
Good sized low maintenance backyard with room to entertain.
Single family home in small HOA, Soterion, and the HOA takes care of the front yard!
Please get all of the details at 4996Agape.com
Offered at $1,475,000

 4996 Agape Court, San Jose CA 95124 - 3 panel collage

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1296 Dentwood Dr., San Jose 95118    Open Saturday, Oct 10, 2 – 4 p.m. – please stop by!

4 bedrooms, 2.5 bathrooms, 2031 SF of living space, 10,430 SF pie-shaped lot with a gorgeous pool!!
Remodeled kitchen and bathrooms, dual pane windows, lots of natural light.
Two bedrooms enjoy views of the coastal range!
Vaulted living room, spacious dining, eat-in kitchen, plus family room.  Room to add on or build an ADU.
It’s not easy to find a home with this much remodeling on a big lot for under $2 million!
Please get all of the details at 1296DentwoodDr.com
Offered at $1,999,000

1296 Dentwood Dr., San Jose CA 95118 - 3 photo collage of the front of the home, the kitchen, and an aerial view

 

What is happening with the Cambrian Park real estate market?

A lot of it seems to depend on the price point, school district, and condition of the property and also the number of bedrooms.

Turnkey houses, townhomes, and condominiums in Cambrian Park which have a contemporary look and are priced aggressively are selling fast and high. They need to look like 2019 or newer and not like 2010 or older, though. Home buyers can be fussy about finishes, and with more homeowners and families stuck at home for work or school they don’t want to spend the extra time or the energy to remodel. (Most buyers are especially picky about floor coverings and cabinetry!)

Cambrian home buyers often move to 95124 or 95118 for a combination of strong schools and relative affordability. Having a worry free home that does not look like it will cost a fortune to be made ready is a big plus and will help tremendously with the sale-ability of that residential property.

The part with Union schools continues to have the strongest demand (mostly 95124 but also part of 95118), followed by the area with Cambrian schools, and then those with San Jose Unified. All of them are doing well, but some areas are stronger than others. When Cambrian Park Plaza is redeveloped, it will be a giant draw to anyone within a mile for the dining and shopping.

Looking Deeper

How's The Silicon Valley Real Estate Market? If you live in Cambrian Park now, or are thinking you’d like to buy a home there, you’ll want to get a better understanding of the current Cambrian Park real estate market conditions for your part of the market.

The information above is naturally a little generic, applying to either all of Cambrian or to either 95124 or 95118. However, all real estate is local. It may be different by pricing tier, exact location, home style, or amenities (such as pool versus no pool, large garage vs no garage, walking distance to elementary school or really having to drive there). All of these things can be factored in and may apply to your particular home – or dream house – market.

For the most specific to you data, please reach out to me by email to request a phone conversation. If it seems like a good fit at that point, we can arrange to meet in person and formulate a plan.

Related:

Cambrian Park 95124 homes for sale

Cambrian Park 95118 homes for sale

 

Mary Pope-Handy and Clair Handy, Realtors selling homes in The Valley of Heart's Dellight
Looking to sell or buy a home? Mary Pope-Handy and Clair Handy sell throughout Santa Clara County,  including and especially Cambrian, and sometimes into nearby counties also. Please reach out to us by email if you’d like to set up a time to talk by phone for an initial appointment. The best email to use is mary@popehandy.com – thank you!

Santa Clara County Real Estate Market

The Santa Clara County real estate market for single family homes was mixed in September, with some data points strengthening and others weakening. This is similar to what we saw in August.

For condo buyers, almost every statistic points to a cooler market.

 

The Santa Clara County real estate market brief points for single family homes

Here’s a quick summary based on the numbers that I pulled from the MLS directly today. These are a little different from the RE Report numbers.

  • Home sales are up, but inventory is up MORE, with the result being slightly longer days on market and a longer months of inventory.
  • Home prices, both average and median, were DOWN year over year, but up month over month. (Usually we care more about the annual figure because seasonal patterns can cause the monthly changes.)

Santa Clara County real estate statistics for September 2026 from the RE Report

Here’s the Trends at a Glance table for the Santa Clara County real estate market by home type from our RE Report subscription.

Please keep in mind that these numbers ONLY reflect listings that were entered into the MLS Listings system, and they do not include Bay East, CRMLS, SFAR, or other MLS companies around the state. If it’s not listed in an MLS with a data sharing program, it will not be represented here. The data is off, so some of the stats don’t align with those that I pull from the MLS, but the trends are on target, generally.

 

Santa Clara County Market Trends at a Glance - from popehandy.rereport.com

 

Please note: for all of the multi year images below, you can see a larger version by clicking on them and a popup with the largest version will be displayed.

Santa Clara County real estate market statistics for SFH

Below please find multi year data charts for Santa Clara County real estate market (single family homes) were pulled by me directly from the MLS. These numbers are a little more accurate than the RE Report ones as they include all listings on the MLS, even if they were entered from a different MLS organization.

Inventory

The Santa Clara County real estate market’s inventory rose in September and is far higher than what we normally see then, hence the red star.

 

Santa Clara County real estate market - active listings of single family homes per month

 

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The real estate market in San Jose’s Blossom Valley area

Pan of Santa Teresa and Blossom Valley

Pan of Santa Teresa and Blossom Valley

Blossom Valley has been in a strong seller’s market for years, though it cooled significantly through 2025 and the first half of 2026 showed us that this year has been generally a touch cooler than 2025. Still, homes in good shape which are priced appropriately continue to sell quickly and over list price, and low single family home inventory isn’t helping to alleviate demand. While trends can vary based on price point, schools, zip codes, etc., the entire area is leaning slightly in the seller’s favor.

Here are some of the main points from the latest statistics:

  • Available inventory remained stable from the month before, but was up year-over-year for single family homes (SFH), while inventory for condos and townhomes rose above both timeframes.
  • Closed sales of SFH rose month-over-month and slipped year-over-year, but pending sales shrank below both. For condos and townhomes, closed and pending sales both fell below last month and last year.
  • The average sale to list price ratio for SFH slipped -0.1% month-over-month and -0.9% year-over-year, hovering just above asking price on average at 100.7%. For the condo and townhome market that ratio has had some up and down in recent months, and just rose above list price to 100.3%.
  • Days on market slowed to 31 days, while market absorption (days of inventory) sped to 36 days for SFH. For the condo and townhome market, the average DOM sped a hair to 37 days while DOI slowed to 75 days.

What are the usual seasonal trends? Typically February closings are when we start to see the first signs of the spring market accelleration, then March and April are often the peak months for pricing. From there, there is often some leveling out in summer, possibly with an autumn resurgence between the start of the school year and the holiday season when we tend to see more significant cooling through winter until the new year. That said, these are just general patterns, and we’ve had some wild years lately!

Looking back on 2025, it looks like the market peaked early in the year, in February, though it remained a hot market through spring with overall cooling through summer and some up and down in autumn before cooling into winter again. So far in 2026, data suggests that early spring acceleration began around January with increasing heating in the housing market in Blossom Valley through March, which appears to have been the season peak. Although the market has been cooling through summer, it’s been a mostly gradual decline with no sharp dips – there’s still fair activity and demand for good Blossom Valley homes that are priced and marketed well, though it’s milder than it was a year ago.

About Blossom Valley

The Blossom Valley area of San Jose is on the south end of the city and covers the 95123 and 95136 zip codes. For our MLS, it’s “area 12.” A more affordable section of Silicon Valley, it has much to offer in addition to more reasonable housing prices. Many areas enjoy views of the Santa Teresa Foothills or the Communications Hill knolls or even the coastal foothills in the distance and Mt Umunhum. One corner of it sits alongside beautiful Almaden Lake, too. Another corner is located at the crossroads of Highways 85 and 87, making it an easy commute destination for those working in downtown San Jose. And there’s an abundance of shopping and dining opportunities, including Oakridge Mall and various shopping centers.

And now for some market data.

Live Altos Reports

We’ll start with the Altos Reports, which gague the market based on active listings, not sales, and is updated about once per week.

95123 real estate market trends, automatically updated weekly:

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