Santa Clara County Real Estate Market Update August 2025 | Palo Alto & Los Altos Trends
Understanding current market dynamics is crucial for both buyers and sellers navigating the real estate scene in Santa Clara County, California. With the latest data at our fingertips, this update offers clarity on what these numbers mean for your buying or selling strategy.
In Santa Clara County, the months of inventory currently stand at 1.27. This figure signifies a seller's market, indicating that homes are in high demand with limited availability. For sellers, this could mean a favorable environment for listing, as competition among buyers remains strong. Buyers, on the other hand, should prepare for a competitive landscape and act swiftly when a desirable property becomes available.
The inventory trend presents an interesting picture. Over the past month, inventory has decreased by 19%, while the 12-month trend shows a 6% reduction. This shrinking inventory suggests that the market is tightening, making it increasingly challenging for buyers to find available homes. Sellers might consider taking advantage of this trend by listing their properties now, while demand outpaces supply.
Homes in Santa Clara County are selling for about 102% of their asking price. This indicates that, on average, homes are not only selling quickly but often for more than the list price. For sellers, this is a positive sign that pricing competitively can yield favorable results. Buyers should be prepared to offer at or above the asking price to secure a property.
The median days on market is just 13, reflecting a fast-paced market. This rapid turnover means that both buyers and sellers need to be decisive. Sellers should ensure their homes are market-ready to attract quick offers, while buyers need to be prepared to make prompt decisions when they find a property that meets their needs.
Lastly, the median sold price is $1,885,000. This figure helps set expectations for both pricing and budget considerations. Sellers can use this as a benchmark for setting competitive prices, while buyers should assess their financial readiness in relation to this median price point.
Spotlight on Key Cities
Palo Alto 🏡: August saw 39 homes sold with a median price of $3.6M and average price per square foot at $1,974. Homes spent about 31 days on the market and sold for 104% of list price, showing strong buyer demand in this tech hubAugust2025.
Los Altos 🏡: With 24 homes sold, the median price reached $4.2M. Properties moved quickly—averaging just 10 days on market—and buyers paid 106% of list price, reflecting fierce competition in this prestigious communityAugust2025.
Los Altos Hills 🏡: Seven homes closed in August at a median of $6.5M. Homes here averaged 13 days on market and sold right at list price, indicating steady luxury demand without as much bidding pressure as neighboring Los AltosAugust2025.
Navigating this competitive real estate market can be challenging, but you don’t have to do it alone. For tailored advice and deeper insights into your specific situation, contact Lisa M. Lum at Coldwell Banker Realty. She can provide personalized guidance to help you make the most informed decisions possible in today’s Santa Clara County housing market.