Mountain View Real Estate for Sale

In October 2024, Mountain View's housing market experienced a notable uptick, with home prices rising 4.4% compared to the previous year. The median home price reached $1.9 million, reflecting the area’s continued appeal and robust demand. Homes in Mountain View sold slightly slower on average, taking 13 days to sell compared to just 10 days last year, suggesting a marginal cooling in the market’s pace. However, the number of homes sold increased significantly, with 62 homes closing in October this year compared to 39 last year. This surge in sales activity could indicate more inventory entering the market or increased buyer urgency, solidifying Mountain View as a competitive and dynamic market.

Mountain View is one of the most competitive real estate markets, where homes sell quickly—typically within 13 days. Most properties attract multiple offers, often accompanied by waived contingencies, underscoring the high demand and competitive nature of the market. On average, homes sell for about 5% above their list price and go pending in just 13 days, reflecting strong buyer interest. The market's "hot homes" are even more impressive, selling for around 12% above list price and going pending in as little as 8 days. This level of competition highlights the importance of strategic pricing and preparedness for buyers, as well as the strong market appeal of Mountain View properties.

In October 2024, Mountain View, located in Santa Clara County, CA, is firmly in a seller's market. This indicates a high demand for homes, with more prospective buyers than available inventory. Such conditions often lead to competitive bidding, driving up home prices and favoring sellers in negotiations. For buyers, navigating this market requires swift decision-making and strong offers to secure a property. The seller's market in Mountain View reflects its desirability as a tech hub and its proximity to Silicon Valley, where limited housing supply continues to outpace demand.