April 2025 Santa Clara County Real Estate Market Report: Low Inventory, Quick Sales, Rising Prices

The Santa Clara County real estate market is currently facing extremely low housing inventory, with just 1.28 months of supply available. This tight supply means high buyer demand and limited choices for homebuyers searching in Silicon Valley and surrounding cities.

Over the past year, the Months Supply of Inventory has increased by 37.63%, suggesting a gradual shift toward a more balanced housing market. This could be due to an increase in new home listings or a slight easing of buyer demand across Santa Clara County.

Even with more listings, homes are selling fast. The Median Days on Market is just 8 days, showing that properties continue to move quickly, often receiving multiple offers shortly after hitting the MLS.

Sellers are reaping the benefits of a competitive environment, with the Sold to List Price Ratio averaging 108.1%. On average, homes are selling over asking price, thanks to intense competition among buyers eager to secure homes in Santa Clara County.

The Median Sold Price has climbed to $2,100,000, reflecting the ongoing strength of the luxury real estate market and the demand for high-end homes in cities like Palo Alto, Mountain View, Los Altos, Sunnyvale, and San Jose.

In summary:

• Buyers must act quickly and make competitive offers to succeed.

• Sellers are well-positioned to command premium prices.

• Working with an experienced Santa Clara County real estate agent is critical for navigating today’s fast-moving, competitive market.

If you're thinking about buying or selling a home in Santa Clara County, let's connect. I can help you understand today's market trends and create a strategy tailored to your goals.