Martin Santiago - March 2025 Market Report | Peninsula Estates (Santa Clara County)

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Peninsula Estates

Santa Clara County

Jump to Santa Clara County Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

MoreBuyersAreMakingMoves IsItTimeToSell?

More people are taking steps to buy a home. And, if you’ve been waiting for the right time to move, this may be the sign you’ve been looking for.

For the past few years, a lot of would-be homebuyers hit pause on their plans. With rising mortgage rates and affordability challenges, buying just didn’t seem doable. But now, more of them are getting back out there. That’s because they’re getting used to the fact that this may be the new normal for the market – especially as forecasts show mortgage rates may be starting to stabilize.

SantaClara County

What's in the Santa Clara County data?

There were 686 single-family homes for sale, providing 1 month of inventory. There were 915 new listings, and 444 homes sold at a median price of $1.9m. The median overbid percentage was at 107 1%, with an average of 16 days on the market.

There were 528 condo and townhome units for sale, providing 1.7 months of inventory. There were 520 new listings and 239 units sold at a median sale price of $1.1m. The median overbid percentage was at 102.1%, with an average of 23 days on the market

Single-Family Homes

915

New Listings

444 Sold Listings

1 Month of Inventory

$1.9M

Median Sale Price

107.1%

Median Sale vs List

16 Avg Days on Market

The data, sourced from InfoSparks and Trend Graphix, includes all single-family homes, condos and townhomes in the California Area above from February 2024 to February 2025. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2025. Each office is independently owned and operated.

Condo & Townhomes

520

New Listings

239

Sold Listings

1.7

Months of Inventory

102.1%

Median Sale vs List

$1.1M

Median Sale Price

23

Avg Days on Market

SantaClaraCounty

FEBRUARY 2024 - FEBRUARY 2025

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last February 2024, to $1 9m as of February 2025

Condos & Townhomes

The median sale price has increased from $920k last February 2024, to $1 1m as of February 2025

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 21 days last February 2024, to 16 days as of February 2025

Condos & Townhomes

The average time spent on the market remained the same from 23 days in February 2024, to 23 days as of February 2025.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 9% last February 2024, to 107 1% a year later

Condos & Townhomes

The overbid percentage has increased from 102% last February 2024, to 102.1% a year later.

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