Santa Clara
San Mateo
Alameda
San Francisco
Santa Cruz
Santa Clara County
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 14 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 107.1% 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 107.1% 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 8 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 102.8% 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.
1,365 New Listings
836 Sold Listings
1.7 Months of Inventory $2.1M
Median Sale Price 107.1%
Median Sale vs List Price
14
Avg Days on Market
SINGLE FAMILY HOMES
SINGLE FAMILY HOMES
Last 12 months, year-over-year
Last 12 months, year-over-year
San Mateo County
What's in the San Mateo County data?
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price increased to $2.09M in April 2025, up from $2.05M in April 2024.
Condos & Townhomes: The median sales price rose to $980K, a year-over-year increase from $977.5M.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 20 days, up from 19 days last year.
Condos & Townhomes: The average days on market increased slightly to 33 days, compared to 23 days last year
Overbidding Remains Strong: Single-family homes: Selling at 106 8% of the list price (down from 107% last year)
Condos & townhomes: Selling at 101 4% of the list price (down from 102 9% last year)
Inventory & Market Conditions
Single-Family Homes: 1 7 months of inventory, keeping competition high Condos & Townhomes: 2 8 months of inventory, offering buyers more options
What This Means for Buyers & Sellers
For Sellers:
Now is a great time to sell, with homes selling fast and above asking 372 single-family homes closed in April, 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 $2.05M and homes selling at 106.8% of list price in just 20 days. Be prepared to move fast and bid aggressively.
Condos & townhomes offer more options, with a 2.8-month supply and a median price of $980K. More inventory means more negotiating power, but prices are still rising.
Overbidding is common, so expect competition single-family homes are selling at 106.8% of asking, while condos are at 101.4%.
572 New Listings
372 Sold Listings
1.7 Months of Inventory $2.09M
Median Sale Price 106.8%
Median Sale vs List Price 20
Avg Days on Market
SINGLE FAMILY HOMES
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024Jan2025Feb2025Mar2025Apr2025 $0
Single Family Homes
The median sales price has increased from $2 05million in April 2024 to $2.09 million in April 2025.
Condos & Townhomes
The median sales price has increased from $977K last March 2024 to $980K in March 2025
Single Family Homes
The average days on market was 19 in April 2024 and has increased to 20 in April 2025.
Condos & Townhomes
The average days on market in April 2024 was 23 and increased to 33 days in April 2025
Single Family Homes
The overbid percentage was 107% in April 2024 and is now 106 8% in April 2025
Condos & Townhomes
The overbid percentage was 102 9% in April 2024 has decreased to 101 4% in April 2025
What's in the A
Pricing Trends & Buyer Demand
Single-Family Homes: The median sales price held steady at $1 35M in April 2025, reflecting a slight decrease from last year
Condos & Townhomes: The median sales price dropped to $728K, down from $750K in April 2024, signaling a shift in buyer demand.
Market Speed & Competition
Single-Family Homes: Homes are selling in an average of 20 days, up slightly from 16 days last year.
Condos & Townhomes: The average days on market increased to 32 days, up from 25 days in March 2024, indicating a slower-moving market.
Overbidding Trends: Single-family homes: Selling at 108.1% of the list price, a slight decrease from 110.7% last year.
Condos & townhomes: Selling at 101.2% of the list price, a slight decline from 103.8% last year.
Inventory & Market Conditions
Single-Family Homes: 2.2 months of inventory, keeping competition moderate.
Condos & Townhomes: 4.1 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 683 closed sales in April 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 $1.35Mand homes selling at 108.1% of list price in just 20 days. Buyers should be prepared to act quickly and bid competitively.
Condos & townhomes offer more negotiating power, with a 4.1-month supply and a price drop to $728K. The increased 32-day market time suggests buyers have more flexibility. Overbidding has eased slightly for condos, now at 101.2% of list price, compared to 103.8% last year, but competition for single-family homes remains strong.
1,327 New Listings
683 Sold Listings
2.2 Months of Inventory
$1.35M
Median Sale Price
108.1%
Median Sale vs List Price
20
Avg Days on Market
SINGLE FAMILY HOMES
SINGLE FAMILY HOMES
Last 12 months, year-over-year
CONDOS
Last 12 months, year-over-year
Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024Jan2025Feb2025Mar2025Apr2025
Single Family Homes
The median sales price has slightly decreased from $1.40 Million in April 2024 2023 to $1.35 Million in April 2025.
Condos & Townhomes
The median sales price has decreased from $750K last April 2024 to $728K in April 2025
Single Family Homes
The average days on market was 16 days last April 2024 and has increased to 20 days in April 2025
Condos & Townhomes
The average days on market last April 2024 was 25 days and has increased to only 32 days in April 2025
Single Family Homes
The overbid percentage was 110 7% in April 2024 and has slightly decreased to 108 1% in April 2025
Condos & Townhomes
The overbid percentage was 103 8% last April 2024 and has slightly decreased to 101 2% in April 2025
San Francisco County
What This Means for Buyers & Sellers
For Sellers:
Single-family homes are in demand, with homes selling quickly and often above asking. 224 closed sales in April 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 $$1.78M and homes selling at 114.3% of list price in just 22 days. Buyers should be ready to act quickly and make strong offers.
Condos & townhomes offer more flexibility, with a 3.9-month supply and a price up to $1.22M. With homes sitting on the market 47 days, buyers may have more negotiating power
Overbidding remains strong for single-family homes, while condos are seeing moderate bidding at 102% of list price, making them a potential opportunity for buyers looking to avoid intense competition.
San Francisco at a
CONDOS & TOWNHOMES
356 New Listings
185 Sold Listings
3.9 Months of Inventory
$1.22M
Median Sale Price
102%
Median Sale vs List Price
47
Avg Days on Market
Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024Jan2025Feb2025Mar2025Apr2025
Single Family Homes
The median sales price has increased from $1 77 million in April 2024 to $1 78 million in April 2025
Condos & Townhomes
The median sales price has increased from $1 13 million in April 2024 to $1 22 million in April 2025
Single Family Homes
The average days on market was 22 days last April 2024 and is now 22 days in April 2025
Condos & Townhomes
The average days on market last April 2024 was 52 days and is now at 47 days in April 2025.
Single Family Homes
The overbid percentage is up from 113% last April 2024 to now 114 4% in April 2025
Condos & Townhomes
The overbid percentage last April 2024 was 102% and is now 102% in April 2025.
Santa Cruz County
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 27M and homes selling at 100 7% of list price, meaning sellers may be more open to negotiations.
Condos & townhomes are in high demand, with prices rising to $858K and properties selling at 100.7% of list price. Expect competition in this segment.
Homes are taking longer to sell, with single-family homes averaging 29 days on market and condos 30 days, giving buyers more time to make decisions.
Santa Cruz at a glance CONDOS & TOWNHOMES
74 New Listings
25 Sold Listings
5.5 Months of Inventory
$858K
Median Sale Price
99.6%
Median Sale vs List Price
30
Avg Days on Market
Apr2024May2024Jun2024 Jul2024Aug2024Sept2024Oct2024Nov2024Dec2024Jan2025Feb2025Mar2025Apr2025
Single Family Homes
The median sales price has decreased from $1 33 million in April 2024 to $1 27 million in April 2025
Condos & Townhomes
The median sales price has increased from $857 5K in April 2024 to $858K in April 2025
Single Family Homes
The average days on market was 33 days last April 2024 and is now 29 days in April 2025
Condos & Townhomes
The average days on market last April 2024 was 31 days and is now at 30 days in April 2025.
Single Family Homes
The overbid percentage is up from 100 1% last April 2024 to now 100 7%% in April 2025
Condos & Townhomes
The overbid percentage last April 2024 was 99.8% and decreased to 99.6% in April 2025.
