Single-Family Homes: The median sales price increased to $1 99M in February 2025, up from $1 8M in February 2024
Condos & Townhomes: The median sales price rose to $1 11M, marking a significant year-overyear increase from $916K
Market Speed & Competition
Single-Family Homes: Properties are selling faster, with an average of 16 days on market, down from 20 days last year
Condos & Townhomes: The average days on market decreased slightly to 23 days, compared to 24 days last year
Overbidding Remains Strong:Single-family homes: Selling at 109.2% of the list price (up from 107.1% last year).
Condos & townhomes: Selling at 104.4% of the list price (up from 103.7% last year).
Inventory & Market Conditions
Single-Family Homes: 2 0 months of inventory, maintaining strong competition among buyers
Condos & Townhomes: 2 6 months of inventory, providing more options and slightly more negotiating power for buyers
What This Means for Buyers
& Sellers
For Sellers:
Single-family homes are in high demand: If you’re thinking about selling, now is a great time homes are selling in an average of 16 days, with multiple offers pushing sale prices above asking
Pricing strategy is crucial: With overbidding still strong, setting the right price can attract multiple offers and drive competition
Even condos and townhomes are selling at 104 4% of the list price, showing steady buyer demand
Inventory remains relatively low: While new listings are hitting the market, supply is still below balanced levels, making it an opportune moment to sell before competition increases
Marketing matters: Buyers are still being selective, so staging, high-quality photos, and strategic pricing can help maximize your home's value and attract the right buyers.
For Buyers:
Single-family homes are competitive: Prices have increased, and homes are selling fast with a 109 2% sale-to-list price ratio This means buyers should be prepared to act quickly and bid aggressively to secure a home
Condos & townhomes offer more opportunity: With a 2 6-month supply of inventory, buyers may have a bit more negotiating power compared to single-family homes However, prices have also risen, so waiting too long could mean paying more later
Be prepared for overbidding: Even condos and townhomes are selling at 104 4% of list price, meaning submitting a strong initial offer is key to staying competitive
Mortgage rates matter: With prices trending upward, locking in a favorable interest rate and getting pre-approved can make a significant difference in affordability
1,011 New Listings
452 Sold Listings
2.0 Months of Inventory $1.99M
Median Sale Price 109.2%
Median Sale vs List Price
16
Avg Days on Market
SINGLE FAMILY HOMES
578
New Listings
241 Sold Listings
2.6 Months of Inventory
$1.11M
Median Sale Price
104.4%
Median Sale vs List Price
23
Avg Days on Market
SANTA CLARA COUNTY | FEBRUARY 2024 - FEBRUARY 2025
The median sales price increased year over year, from $1.8 million in February 2024 to $1.99 million in February 2025.
Condos & Townhomes
The median sales price increased year-over-year from $916K in February 2024 to $1.11 million in February 2025.
Single Family Homes
The average days on market decreased from 20 days in February 2024 and 16 days in February 2025
Condos & Townhomes
The average days on market in February 2024 was 24 days and decreased to 23 days in February 2025.
Single Family Homes
The overbid percentage has increased from 107 1% in February 2024 to now 109 2% in February 2025
Condos & Townhomes
The overbid percentage in February 2024 was 103 7% and increased to 104 4% in February 2025
San Mateo County
What's in the San Mateo County data?
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $2.07M in February 2025, up from $1.88M in February 2024.
Condos & Townhomes: The median sales price rose to $975K, a year-over-year increase from $910K.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 23 days, down from 27 days last year.
Condos & Townhomes: The average days on market dropped slightly to 35 days, compared to 38 days last year
Overbidding Remains Strong: Single-family homes: Selling at 106 6% of the list price (up from 104 8% last year)
Condos & townhomes: Selling at 103% of the list price (up from 100 6% last year)
Single-Family Homes: 2 1 months of inventory, keeping competition high Condos & Townhomes: 4 3 months of inventory, offering buyers more options Inventory & Market Conditions
What This Means for Buyers & Sellers
For Sellers:
Now is a great time to sell, with homes selling fast and above asking 202 single-family homes closed in February, and demand remains strong
Strategic pricing is key overpricing may extend time on the market, especially for condos, where inventory is higher
Marketing matters staging and high-quality presentation will help sellers maximize their price
For Buyers:
Single-family homes are competitive, with prices up to $2 07M and homes selling at 106 6% of list price in just 23 days. Be prepared to move fast and bid aggressively.
Condos & townhomes offer more options, with a 4.3-month supply and a median price of $975K. More inventory means more negotiating power, but prices are still rising. Overbidding is common, so expect competition single-family homes are selling at 106.6% of asking, while condos are at 103%.
The median sales price has increased from $1 88million in February 2024 to $2.07 million in February 2025.
Condos & Townhomes
The median sales price has increased from $910K last February 2024 to $975K in February 2025
Single Family Homes
The average days on market was 27 in February 2024 and has decreased to 23 in February 2025.
Condos & Townhomes
The average days on market in February 2024 was 38 and decreased to 35 days in February 2025
Single Family Homes
The overbid percentage was 104 8% in February 2024 and is now 106 6% in February 2025
Condos & Townhomes
The overbid percentage was 100 6% in February 2024 has increased to 103% in February 2025
Alameda County
What's in the A
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price held steady at $1 3M in February 2025, reflecting a slight increase from last year
Condos & Townhomes: The median sales price dropped to $695K, down from $745K in February 2024, signaling a shift in buyer demand
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 23 days, up slightly from 22 days last year
Condos & Townhomes: The average days on market increased to 43 days, up from 25 days in February 2024, indicating a slower-moving market
Overbidding Trends:Single-family homes: Selling at 108.3% of the list price, a slight increase from 108% last year.
Condos & townhomes: Selling at 101.4% of the list price, a slight decline from 102.3% last year.
Inventory & Market Conditions
Single-Family Homes: 2.2 months of inventory, keeping competition moderate.
Condos & Townhomes: 4 2 months of inventory, offering buyers more options and negotiating power
What This Means for Buyers &
Sellers
For Sellers:
Single-family homes are still in demand, with 468 closed sales in February and homes selling above asking Well-priced homes are moving quickly
Pricing strategy is critical for condos & townhomes, as higher inventory and longer market times mean sellers need to be competitive to attract buyers
Marketing matters with more choices available in the condo market, staging and professional marketing can help maximize buyer interest and offers.
For Buyers:
Single-family homes remain competitive, with prices holding at $1 3M and homes selling at 108.3% of list price in just 23 days. Buyers should be prepared to act quickly and bid competitively.
Condos & townhomes offer more negotiating power, with a 4.2-month supply and a price drop to $695K. The increased 43-day market time suggests buyers have more flexibility.
Overbidding has eased slightly for condos, now at 101.4% of list price, compared to 102.3% last year, but competition for single-family homes remains strong
The median sales price has slightly increased from $1.3 Million in February 2024 2023 to $1.3 Million in February 2025.
Condos & Townhomes
The median sales price has decreased from $745K last February 2024 to $695 in February 2025
Single Family Homes
The average days on market was 22 days last February 2024 and has increased to 23 days in February 2025
Condos & Townhomes
The average days on market last February 2024 was 25 days and has increased to only 43 days in February 2025
Single Family Homes
The overbid percentage was 108% in February 2024 and has slightly increased to 108 3% in February 2025
Condos & Townhomes
The overbid percentage was 102 3% last February 2024 and has slightly decreased to 101 4% in February 2025
San Francisco County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $1.6M in February 2025, up from $1.58M in February 2024, showing continued demand.
Condos & Townhomes: The median sales price declined to $1.1M, down from $1.23M last year, signaling a shift in buyer preference.
Market Speed & Competition
Single-Family Homes: Homes are selling faster, with an average of 23 days on market, down from 33 days last year.
Condos & Townhomes: The average days on market increased to 49 days, up from 44 days last year, suggesting a slower market for condos.
Overbidding Trends:Single-family homes: Selling at 113 3% of list price, up from 108% last year, indicating strong buyer competition
Condos & townhomes: Selling at 101 7% of list price, up from 100 5%, showing moderate demand
Condos & Townhomes: 4 0 months of inventory, giving buyers more options and negotiating room Inventory & Market Conditions
Single-Family Homes: 1.7 months of inventory, keeping competition high.
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are in demand, with homes selling quickly and often above asking. 143 closed sales in February reflect continued buyer interest.
Strategic pricing is key for condos & townhomes, as increased market time and higher inventory mean buyers have more choices Proper pricing can help avoid extended days on market
Marketing matters staging, high-quality photography, and strategic digital promotion can help attract serious buyers, especially in the condo market
For Buyers:
Single-family homes are highly competitive, with prices rising to $1.6M and homes selling at 113.3% of list price in just 23 days. Buyers should be ready to act quickly and make strong offers.
Condos & townhomes offer more flexibility, with a 4.0-month supply and a price drop to $1.1M. With homes sitting on the market 49 days, buyers may have more negotiating power
Overbidding remains strong for single-family homes, while condos are seeing moderate bidding at 101 7% of list price, making them a potential opportunity for buyers looking to avoid intense competition
The median sales price has increased from $1 58 million in February 2024 to $1 6 million in February 2025
Condos & Townhomes
The median sales price has decreased from $1 23 million in February 2024 to $1 1 million in February 2025
Single Family Homes
The average days on market was 33 days last February 2024 and is now 23 days in February 2025
Condos & Townhomes
The average days on market last February 2024 was 44 days and is now at 49 days in February 2025.
Single Family Homes
The overbid percentage is up from 108 % last February 2024 to now 113 3% in February 2025
Condos & Townhomes
The overbid percentage last February 2024 was 100.5% and increased to 101.7% in February 2025.
Santa Cruz County
What's in the S
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $1 25M in February 2025, up from $1 2M in February 2024, showing steady demand
Condos & Townhomes: The median sales price rose significantly to $890K, up from $660K last year, indicating strong buyer interest in this segment
Market Speed & Competition
Single-Family Homes: Homes are taking slightly longer to sell, with an average of 46 days on market, up from 44 days last year
Condos & Townhomes: The average days on market slightly decreased to 51 days, compared to 52 days last year, suggesting steady buyer activity.
Overbidding Trends:Single-family homes: Selling at 97.3% of list price, down from 101.3% last year, meaning sellers may need to be more flexible on price.
Condos & townhomes: Selling at 107.9% of list price, up from 100.4%, showing strong competition for these properties.
Inventory & Market Conditions
Single-Family Homes: 5 4 months of inventory, indicating a more balanced market
Condos & Townhomes: 2 8 months of inventory, suggesting a tighter market for buyers
What This Means for Buyers & Sellers
For Sellers:
Single-family home sellers need to price strategically, as properties are selling slightly below asking A well-priced home will attract the right buyers in this shifting market
Condos & townhomes are selling at a premium, with strong buyer interest and competitive offers If you’re considering selling, now may be a great time
Marketing and presentation matter, especially for single-family homes Staging, professional photography, and strong digital marketing will help attract serious buyers
For Buyers:
Single-family homes are stabilizing, with prices at $1 25M and homes selling at 97 3% of list price, meaning sellers may be more open to negotiations.
Condos & townhomes are in high demand, with prices rising to $890K and properties selling at 107.9% of list price. Expect competition in this segment.
Homes are taking longer to sell, with single-family homes averaging 46 days on market and condos 51 days, giving buyers more time to make decisions.
