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San Jose, CA Housing Market Trends
In February 2025, Campbell's real estate market saw a 5.0% increase in home prices compared to the previous year, with the median sale price rising to $2.1 million. While home values continued to appreciate, the market showed signs of slightly slower activity, as properties took an average of 12 days to sell—three days longer than in February 2024. Additionally, the number of homes sold dipped from 18 to 16, indicating a slight cooling in buyer activity or a potential reduction in available inventory. Despite these shifts, the market remains competitive, reflecting strong demand for Campbell real estate.
Campbell remains a highly competitive real estate market, with homes typically selling in about 15 days. Most properties receive multiple offers, often with waived contingencies, reflecting strong buyer demand. On average, homes sell for approximately 3% above the listing price and go under contract within two weeks. Particularly desirable homes—often referred to as "hot homes"—can command prices around 8% above asking and go pending in as little as eight days.
As of February 2025, Campbell, CA remains a seller’s market, meaning demand for homes exceeds the available supply. With more buyers competing for a limited number of listings, sellers often receive strong offers, sometimes above the asking price and with waived contingencies. This competitive environment continues to drive home prices upward and keeps the market fast-paced.
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